T2 Metals Corp Stock Market Value
| TWO Stock | 0.15 0.02 15.38% |
| 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.
| 12/09/2021 |
| 11/29/2023 |
If you would invest 0.00 in T2 Metals on December 9, 2021 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 720 days. T2 Metals is related to or competes with Constellation Software, and Fairfax Financial. 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 | (0.09) | |||
| Maximum Drawdown | 32.14 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 5.88 |
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 | (0.06) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (1.30) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of T2 Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of T2 Metals in the context of predictive analytics.
T2 Metals Corp Backtested Returns
T2 Metals Corp retains Efficiency (Sharpe Ratio) of -0.0562, which indicates the company had -0.0562% of return per unit of price deviation over the last 3 months. Our outlook to measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. T2 Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please validate T2 Metals Corp information ratio of (0.09), and Market Risk Adjusted Performance of (1.29) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.3486, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, T2 Metals returns are expected to increase less than the market. However, during the bear market, the loss on holding T2 Metals will be expected to be smaller as well. Even though it is essential to pay attention to T2 Metals Corp existing price patterns, it is always good to be careful when utilizing equity price patterns. Our way in which we are measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. T2 Metals exposes twenty-one different technical indicators, which can help you to evaluate its performance. T2 Metals Corp has an expected return of -0.3%. Please make sure to validate T2 Metals Corp variance, as well as the relationship between the potential upside and rate of daily change to decide if T2 Metals Corp performance from the past will be repeated sooner or later.
Auto-correlation | 0.15 |
Insignificant predictability
T2 Metals Corp has insignificant predictability. Overlapping area represents the amount of predictability between T2 Metals time series from 9th of December 2021 to 4th of December 2022 and 4th of December 2022 to 29th of November 2023. 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 0.15 indicates that less than 15.0% of current T2 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 stock 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 stock 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards T2 Metals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, T2 Metals' short interest history, or implied volatility extrapolated from T2 Metals options trading.
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Check out T2 Metals Correlation, T2 Metals Volatility and T2 Metals Alpha and Beta module to complement your research on T2 Metals. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary 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.
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T2 Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.