Toro Co Stock Chance of Future Stock Price Finishing Over 91.05
| TTC Stock | USD 88.49 1.03 1.18% |
Closest to current price Toro long CALL Option Payoff at Expiration
Toro |
Toro Target Price Odds to finish over 91.05
The tendency of Toro Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 91.05 or more in 90 days |
| 88.49 | 90 days | 91.05 | near 1 |
Based on a normal probability distribution, the odds of Toro to move over $ 91.05 or more in 90 days from now is near 1 (This Toro Co probability density function shows the probability of Toro Stock to fall within a particular range of prices over 90 days) . Probability of Toro price to stay between its current price of $ 88.49 and $ 91.05 at the end of the 90-day period is about 1.91 .
Considering the 90-day investment horizon Toro has a beta of 0.78. This usually implies as returns on the market go up, Toro average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Toro Co will be expected to be much smaller as well. Additionally Toro Co has an alpha of 9.0E-4, implying that it can generate a 9.47E-4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Toro Price Density |
| Price |
Predictive Modules for Toro
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Toro. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toro's 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.
Toro Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Toro is not an exception. The market had few large corrections towards the Toro's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Toro Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Toro within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.0009 | |
β | Beta against Dow Jones | 0.78 | |
σ | Overall volatility | 2.09 | |
Ir | Information ratio | -0.02 |
Toro Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Toro for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Toro can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Toro has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: The Toro Co Announces Dividend Increase and Share Repurchase Program |
Toro Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Toro Stock often depends not only on the future outlook of the current and potential Toro's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Toro's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.3 M | |
| Cash And Short Term Investments | 193.1 M |
Toro Technical Analysis
Toro's future price can be derived by breaking down and analyzing its technical indicators over time. Toro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Toro Co. In general, you should focus on analyzing Toro Stock price patterns and their correlations with different microeconomic environments and drivers.
Toro Predictive Forecast Models
Toro's time-series forecasting models is one of many Toro's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Toro's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Toro
Checking the ongoing alerts about Toro for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Toro help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Toro has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: The Toro Co Announces Dividend Increase and Share Repurchase Program |
Check out Toro Backtesting, Toro Valuation, Toro Correlation, Toro Hype Analysis, Toro Volatility, Toro History as well as Toro Performance. For information on how to trade Toro Stock refer to our How to Trade Toro Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Agricultural & Farm Machinery 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 Toro. If investors know Toro 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 Toro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 1.42 | Earnings Share 3.81 | Revenue Per Share 43.11 | Quarterly Revenue Growth 0.069 |
The market value of Toro is measured differently than its book value, which is the value of Toro that is recorded on the company's balance sheet. Investors also form their own opinion of Toro's value that differs from its market value or its book value, called intrinsic value, which is Toro's 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 Toro's market value can be influenced by many factors that don't directly affect Toro's 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 Toro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toro's 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.