T2 Metals Corp Stock Market Value
| TWO Stock | 0.29 0.01 3.57% |
| Symbol | TWO |
T2 Metals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to T2 Metals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of T2 Metals.
| 10/09/2024 |
| 11/08/2024 |
If you would invest 0.00 in T2 Metals on October 9, 2024 and sell it all today you would earn a total of 0.00 from holding T2 Metals Corp or generate 0.0% return on investment in T2 Metals over 30 days. T2 Metals is related to or competes with Financial, Rubicon Organics, Amazon CDR, First Trust, Rocky Mountain, Intact Financial, and Data Communications. Twoco Petroleums Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. More
T2 Metals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure T2 Metals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess T2 Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 31.88 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 5.26 |
T2 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for T2 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as T2 Metals' standard deviation. In reality, there are many statistical measures that can use T2 Metals historical prices to predict the future T2 Metals' volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | 0.0684 | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 0.0318 |
T2 Metals Corp Backtested Returns
At this stage we consider TWO Stock to be out of control. T2 Metals Corp retains Efficiency (Sharpe Ratio) of 0.0094, which indicates the company had a 0.0094% return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for T2 Metals, which you can use to evaluate the volatility of the entity. Please validate T2 Metals' information ratio of (0.04), and Market Risk Adjusted Performance of 0.0418 to confirm if the risk estimate we provide is consistent with the expected return of 0.043%. The firm owns a Beta (Systematic Risk) of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning T2 Metals are expected to decrease at a much lower rate. During the bear market, T2 Metals is likely to outperform the market. T2 Metals Corp today owns a risk of 4.57%. Please validate T2 Metals Corp jensen alpha and the relationship between the potential upside and relative strength index , to decide if T2 Metals Corp will be following its current price history.
Auto-correlation | -0.52 |
Good reverse predictability
T2 Metals Corp has good reverse predictability. Overlapping area represents the amount of predictability between T2 Metals time series from 9th of October 2024 to 24th of October 2024 and 24th of October 2024 to 8th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of T2 Metals Corp price movement. The serial correlation of -0.52 indicates that about 52.0% of current T2 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
T2 Metals Corp lagged returns against current returns
Autocorrelation, which is T2 Metals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting T2 Metals' stock expected returns. We can calculate the autocorrelation of T2 Metals returns to help us make a trade decision. For example, suppose you find that T2 Metals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
T2 Metals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If T2 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if T2 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in T2 Metals stock over time.
Current vs Lagged Prices |
| Timeline |
T2 Metals Lagged Returns
When evaluating T2 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of T2 Metals stock have on its future price. T2 Metals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, T2 Metals autocorrelation shows the relationship between T2 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in T2 Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for TWO Stock Analysis
When running T2 Metals' price analysis, check to measure T2 Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy T2 Metals is operating at the current time. Most of T2 Metals' value examination focuses on studying past and present price action to predict the probability of T2 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move T2 Metals' price. Additionally, you may evaluate how the addition of T2 Metals to your portfolios can decrease your overall portfolio volatility.