Toro Co Stock Market Value
| TTC Stock | USD 85.11 1.30 1.55% |
| Symbol | Toro |
Toro Price To Book Ratio
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.
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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Toro on December 6, 2022 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 720 days. Toro is related to or competes with Timken, Kennametal, Snap On, Stanley Black, Lincoln Electric, RBC Bearings, and Eastern. The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment ... 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.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.13 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 1.94 |
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 | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.08) |
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 Backtested Returns
Toro owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0413, which indicates the firm had a -0.0413% return per unit of risk over the last 3 months. Toro Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toro's Coefficient Of Variation of (2,774), risk adjusted performance of (0.02), and Variance of 3.17 to confirm the risk estimate we provide. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Toro returns are very sensitive to returns on the market. As the market goes up or down, Toro is expected to follow. At this point, Toro has a negative expected return of -0.0745%. Please make sure to validate Toro's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Toro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Toro Co has modest predictability. Overlapping area represents the amount of predictability between Toro time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 0.53 indicates that about 53.0% of current Toro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 22.27 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 information on how to trade Toro Stock refer to our How to Trade Toro Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.