Toro Stock Z Score

TORO Stock   2.59  0.06  2.37%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Toro Piotroski F Score and Toro Valuation analysis.
To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.
  
At this time, Toro's Net Invested Capital is very stable compared to the past year. As of the 28th of November 2024, Net Working Capital is likely to grow to about 165.1 M, while Capital Stock is likely to drop about 65.8 M.

Toro Company Z Score Analysis

Toro's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Toro Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Toro is extremely important. It helps to project a fair market value of Toro Stock properly, considering its historical fundamentals such as Z Score. Since Toro's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Toro's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Toro's interrelated accounts and indicators.
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Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Based on the company's disclosures, Toro has a Z Score of 0.0. This is 100.0% lower than that of the Marine Transportation sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

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Toro ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Toro's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Toro's managers, analysts, and investors.
Environmental
Governance
Social

Toro Fundamentals

About Toro Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Toro's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toro based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Toro

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toro will appreciate offsetting losses from the drop in the long position's value.

Moving together with Toro Stock

  0.64SB Safe BulkersPairCorr

Moving against Toro Stock

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The ability to find closely correlated positions to Toro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toro to buy it.
The correlation of Toro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Toro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Toro offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Toro's 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 Toro Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Toro Stock:
Check out Toro Piotroski F Score and Toro Valuation analysis.
To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Marine Transportation 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
(1.00)
Earnings Share
2.95
Revenue Per Share
2.086
Quarterly Revenue Growth
(0.78)
Return On Assets
(0.0006)
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.