T2 Biosystms Stock Market Value
| TTOO Stock | USD 0.22 0.01 4.35% |
| Symbol | TTOO |
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of T2 Biosystms. If investors know TTOO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about T2 Biosystms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of T2 Biosystms is measured differently than its book value, which is the value of TTOO that is recorded on the company's balance sheet. Investors also form their own opinion of T2 Biosystms' value that differs from its market value or its book value, called intrinsic value, which is T2 Biosystms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T2 Biosystms' market value can be influenced by many factors that don't directly affect T2 Biosystms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between T2 Biosystms' value and its price as these two are different measures arrived at by different means. Investors typically determine if T2 Biosystms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T2 Biosystms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
T2 Biosystms '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 Biosystms' 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 Biosystms.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in T2 Biosystms on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding T2 Biosystms or generate 0.0% return on investment in T2 Biosystms over 90 days. T2 Biosystms is related to or competes with Intelligent Bio, BioAffinity Technologies,, Thermo Fisher, Illumina, Danaher, Waters, and IDEXX Laboratories. T2 Biosystems, Inc., an in vitro diagnostics company, develops diagnostic products and product candidates in the United ... More
T2 Biosystms 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 Biosystms' 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 Biosystms upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 36.38 | |||
| Value At Risk | (12.20) | |||
| Potential Upside | 8.7 |
T2 Biosystms Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for T2 Biosystms' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as T2 Biosystms' standard deviation. In reality, there are many statistical measures that can use T2 Biosystms historical prices to predict the future T2 Biosystms' volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (2.08) | |||
| Total Risk Alpha | (2.83) | |||
| Treynor Ratio | (8.66) |
T2 Biosystms Backtested Returns
T2 Biosystms retains Efficiency (Sharpe Ratio) of -0.29, which indicates the company had a -0.29 % return per unit of price deviation over the last 3 months. T2 Biosystms exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate T2 Biosystms' information ratio of (0.30), and Market Risk Adjusted Performance of (8.65) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, T2 Biosystms' returns are expected to increase less than the market. However, during the bear market, the loss of holding T2 Biosystms is expected to be smaller as well. At this point, T2 Biosystms has a negative expected return of -2.05%. Please make sure to validate T2 Biosystms' total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if T2 Biosystms performance from the past will be repeated sooner or later.
Auto-correlation | 0.16 |
Very weak predictability
T2 Biosystms has very weak predictability. Overlapping area represents the amount of predictability between T2 Biosystms time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th of January 2025. 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 Biosystms price movement. The serial correlation of 0.16 indicates that over 16.0% of current T2 Biosystms price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
T2 Biosystms lagged returns against current returns
Autocorrelation, which is T2 Biosystms 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 Biosystms' stock expected returns. We can calculate the autocorrelation of T2 Biosystms returns to help us make a trade decision. For example, suppose you find that T2 Biosystms 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 |
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T2 Biosystms 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 Biosystms stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if T2 Biosystms stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in T2 Biosystms stock over time.
Current vs Lagged Prices |
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T2 Biosystms Lagged Returns
When evaluating T2 Biosystms' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of T2 Biosystms stock have on its future price. T2 Biosystms 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 Biosystms autocorrelation shows the relationship between T2 Biosystms stock current value and its past values and can show if there is a momentum factor associated with investing in T2 Biosystms.
Regressed Prices |
| Timeline |
When determining whether T2 Biosystms offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of T2 Biosystms' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of T2 Biosystms Stock. Outlined below are crucial reports that will aid in making a well-informed decision on T2 Biosystms Stock:
Check out T2 Biosystms Correlation, T2 Biosystms Volatility and T2 Biosystms Alpha and Beta module to complement your research on T2 Biosystms. To learn how to invest in TTOO Stock, please use our How to Invest in T2 Biosystms guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
T2 Biosystms 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.