I don't understand the cumulative TTWROR?

OK, I agree with you, I have a loss of 6, but in this case the TTWROR is -20% and is not positive as it was for Thales in my first message.

Let’s break down your example over 3 days. We have:

Day 1

  • Incoming transfer of 10 (first purchase) and value 10

Day 2

  • Incoming transfer of 20 (second purchase) and value 40

Day 3

  • Value of 24

Calculation of cumulative TTWROR = -20%

I would like a similarly simple example but with a loss and a positive TTWROR.

Translated with DeepL.com (free version)