On this page of Benford's Law Stocks.com we present our study of COTWO ADVISORSPHYSICAL EUROPEAN CARBON ALLOWANCE TRUST — ticker symbol CTWO. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 7/15/2025 to 10/15/2025 for COTWO ADVISORSPHYSICAL EUROPEAN CARBON ALLOWANCE TRUST under CIK number 0001958928. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for CTWO, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for COTWO ADVISORSPHYSICAL EUROPEAN CARBON ALLOWANCE TRUST based on the past CTWO filings our system processed in the past.
28.4
41.0
10.4
3.7
1.5
7.5
6.0
0.0
1.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 134
Recent share count: NA

= Typical range across full coverage universe
Benford's Law Stocks Indicator
134
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 1 numbers to move any given column by a full percentage point.
36

Starting from a possible score of 100, we made the following score deductions:
 • The 2's percentage was higher than the 1's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 5's percentage was below the typical coverage universe range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points upon observing the 8's percentage was below the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was below the typical coverage universe range.
Benford's Law Stocks Indicator
CTWO
Low score compared to other filers, falling in the bottom quartile.
COOLU
RCFUF
SVACU
DBE
PXPC
GWTI
EVACU
DBB
Check our work! We provide our COTWO ADVISORSPHYSICAL EUROPEAN CARBON ALLOWANCE TRUST Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the CTWO filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 38 numbers that start with the digit 1. Here they are:
100,000
1,666
1,666
150,000
16.93
100.06
1,593
100.00
154
154
145,395
145,395
1,666
150,000
150,000
150,000
150,000
100
150,000
150,000
150,000
150,000
1
1,666
16.95
16.93
17.14
16.83
12
1.87
16.95
16.93
17.14
16.83
12
1.87
150000
1
We found 55 numbers that start with the digit 2. Here they are:
2,518,608
2,516,249
24,327
2,540,649
2,538,983
29,700
2,518,608
2,516,249
24,327
24,327
24,327
2,542,935
2,540,576
2,538,983
2,359
2,359
2,537,489
24,919
2,359
2,514,698
2,539,025
2,539,025
24,327
24,327
2,544,146
2,359
2,359
2,539,025
2,539,025
2,539,025
2,539,025
2,538,983
2,538,983
2,538,983
2,538,983
2,516,249
24,327
24,327
2,516,249
2,539,025
2,539,025
2,539,025
2,539,025
2,544,146
24,919
2,359
29,700
2,516,249
2,544,146
24,919
2,359
29,700
2,516,249
2,391,188
2,391,188
We found 14 numbers that start with the digit 3. Here they are:
3,875
3,875
3,875
3,875
3,721
3,721
3,679
3,679
3,721
3,721
30,000
300
30,000
300
4's 5's 6's
We found 5 numbers that start with the digit 4. Here they are:
42
42
42
42
42
We found 2 numbers that start with the digit 5. Here they are:
50,000
50,000
We found 10 numbers that start with the digit 6. Here they are:
619
619
6,657
6,657
619
6,657
6,038
6,038
619
619
7's 8's 9's
We found 8 numbers that start with the digit 7. Here they are:
73
73
79
79
76
79
76
79
We found 1 numbers that start with the digit 8. Here they are:
We found 2 numbers that start with the digit 9. Here they are:
99.10
96
While the above CTWO 10Q Filed 10/15/2025 is interesting in isolation, we have found that it is also useful to take a look at older COTWO ADVISORSPHYSICAL EUROPEAN CARBON ALLOWANCE TRUST filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 10/15/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical CTWO 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

28.4
41.0
10.4
3.7
1.5
7.5
6.0
0.0
1.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 36
XBRL?   [ original filing ]
Total numbers found: 134

= Typical CTWO range from 7/15/2025 to 10/15/2025
25.7
20.3
8.1
10.0
9.6
6.5
5.3
5.8
8.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 61
XBRL?   [ original filing ]
Total numbers found: 18,138

= Typical CTWO range from 7/15/2025 to 10/15/2025
 

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