T2 Biosystms Stock Technical Analysis
| TTOO Stock | USD 0.43 0.02 4.88% |
As of the 30th of December, T2 Biosystms owns the market risk adjusted performance of 3.24, and Information Ratio of (0.31). In connection with fundamental indicators, the technical analysis model makes it possible for you to check timely technical drivers of T2 Biosystms, as well as the relationship between them.
T2 Biosystms Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TTOO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TTOOTTOO |
T2 Biosystms Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 8.68 | Hold | 1 | Odds |
Most TTOO analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand TTOO stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of T2 Biosystms, talking to its executives and customers, or listening to TTOO conference calls.
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.
T2 Biosystms Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of T2 Biosystms volatility. High ATR values indicate high volatility, and low values indicate low volatility.
T2 Biosystms Trend Analysis
Use this graph to draw trend lines for T2 Biosystms. You can use it to identify possible trend reversals for T2 Biosystms as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual T2 Biosystms price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.T2 Biosystms Best Fit Change Line
The following chart estimates an ordinary least squares regression model for T2 Biosystms applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that T2 Biosystms market price will keep on failing further. It has 122 observation points and a regression sum of squares at 21.08, which is the sum of squared deviations for the predicted T2 Biosystms price change compared to its average price change.About T2 Biosystms Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of T2 Biosystms on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of T2 Biosystms based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on T2 Biosystms price pattern first instead of the macroeconomic environment surrounding T2 Biosystms. By analyzing T2 Biosystms's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of T2 Biosystms's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to T2 Biosystms specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 7.31 | 16.31 | 10.06 | 14.63 | Days Of Inventory On Hand | 68.92 | 75.09 | 114.49 | 120.22 |
T2 Biosystms December 30, 2024 Technical Indicators
Most technical analysis of TTOO help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for TTOO from various momentum indicators to cycle indicators. When you analyze TTOO charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.23) | |||
| Market Risk Adjusted Performance | 3.24 | |||
| Mean Deviation | 5.01 | |||
| Coefficient Of Variation | (330.77) | |||
| Standard Deviation | 6.86 | |||
| Variance | 47.08 | |||
| Information Ratio | (0.31) | |||
| Jensen Alpha | (2.07) | |||
| Total Risk Alpha | (2.28) | |||
| Treynor Ratio | 3.23 | |||
| Maximum Drawdown | 36.38 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 7.69 | |||
| Skewness | 0.3645 | |||
| Kurtosis | 1.62 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in T2 Biosystms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in TTOO Stock, please use our How to Invest in T2 Biosystms guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.
Earnings Share (0.03) | Revenue Per Share 0.999 | Quarterly Revenue Growth (0.01) | Return On Assets (0.90) | Return On Equity (6.22) |
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.