Toro (Germany) Market Value
| TO2 Stock | EUR 81.48 0.30 0.37% |
| Symbol | Toro |
Toro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Toro's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Toro.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Toro on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Toro Co or generate 0.0% return on investment in Toro over 30 days. Toro is related to or competes with AUSNUTRIA DAIRY, OFFICE DEPOT, Beyond Meat, Dairy Farm, CITY OFFICE, 24SEVENOFFICE GROUP, and AUSTEVOLL SEAFOOD. The Toro Company designs, manufactures, and markets professional and residential equipment worldwide More
Toro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Toro's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Toro Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.23 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.19 |
Toro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toro's standard deviation. In reality, there are many statistical measures that can use Toro historical prices to predict the future Toro's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0289 |
Toro Backtested Returns
At this point, Toro is very steady. Toro owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0045, which indicates the firm had a 0.0045% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Toro Co, which you can use to evaluate the volatility of the company. Please validate Toro's Semi Deviation of 2.6, coefficient of variation of 11004.35, and Risk Adjusted Performance of 0.0139 to confirm if the risk estimate we provide is consistent with the expected return of 0.0114%. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Toro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toro is expected to be smaller as well. Toro right now has a risk of 2.51%. Please validate Toro maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Toro will be following its existing price patterns.
Auto-correlation | 0.74 |
Good predictability
Toro Co has good predictability. Overlapping area represents the amount of predictability between Toro time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Toro price movement. The serial correlation of 0.74 indicates that around 74.0% of current Toro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 6.54 |
Toro lagged returns against current returns
Autocorrelation, which is Toro stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Toro's stock expected returns. We can calculate the autocorrelation of Toro returns to help us make a trade decision. For example, suppose you find that Toro has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Toro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Toro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toro stock over time.
Current vs Lagged Prices |
| Timeline |
Toro Lagged Returns
When evaluating Toro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toro stock have on its future price. Toro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Toro autocorrelation shows the relationship between Toro stock current value and its past values and can show if there is a momentum factor associated with investing in Toro Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Toro Stock
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 Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Toro Co Stock:Check out Toro Correlation, Toro Volatility and Toro Alpha and Beta module to complement your research on Toro. For more detail on how to invest in Toro Stock please use our How to Invest in Toro guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Toro 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.