Toro Stock Market Value
| TORO Stock | 2.59 0.06 2.37% |
| Symbol | Toro |
Toro Company Valuation
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.
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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Toro on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Toro or generate 0.0% return on investment in Toro over 30 days. Toro is related to or competes with Seanergy Maritime, Globus Maritime, TOP Ships, Diana Shipping, United Maritime, Castor Maritime, and Safe Bulkers. The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, agricultural microirrigation systems, rental and specialty construction equipment, and residential yard and snow thrower solutions 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 2.96 |
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 | (0.13) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (2.44) |
Toro Backtested Returns
Toro owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Toro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toro's Risk Adjusted Performance of (0.13), variance of 6.6, and Coefficient Of Variation of (579.07) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. 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. At this point, Toro has a negative expected return of -0.4%. Please make sure to validate Toro's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Toro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Toro has modest predictability. Overlapping area represents the amount of predictability between Toro time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 0.55 indicates that about 55.0% of current Toro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.
Regressed Prices |
| Timeline |
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
Moving against Toro Stock
| 0.7 | SB-PD | Safe Bulkers | PairCorr |
| 0.62 | KEX | Kirby | PairCorr |
| 0.6 | SB-PC | Safe Bulkers | PairCorr |
| 0.51 | ZIM | ZIM Integrated Shipping | PairCorr |
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.Check out Toro Correlation, Toro Volatility and Toro Alpha and Beta module to complement your research on Toro. To learn how to invest in Toro Stock, please use our How to Invest in Toro guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.