TORO CO

57.73 -0.4 (-0.69%) Sell

Are you evaluating investing in TTC? Avoid as it delivered massive losses

13 min read

TORO CO delivered massive losses today. It lost -0.69% to close at 57.73. It's recent 5 day performance has been -0.65%, +1.12%, -0.31%, -0.84% and +0.65%.

[Themes containing TTC]

TTC showed a down trend over the last 3 months. During this period TTC lost -7.47% and saw a maximum drawdown of -12.77%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in TTC till volatility reduces and a clear trend emerges.

Trend

TTC has been underperforming the SP500 index in recent time, after having outperformed till 8 Aug, 2017. Over the last 2 years 11 months and 10 days, TTC outperformed the SP500 index on 55% days.

TTC returned losses on 61% days in the last three months. During this time, it delivered on average -0.11% per day. It delivered it's best daily return of +4.08%, during this period, on Thursday, 1 Nov, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -7.59% losses to investors. This was followed by a bullish trend that started on 1 Nov, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +8.0% to investors.

TTC had 4 profitable and 8 loss making months over the last year. During the last year, TTC underperformed SP500 index on monthly return basis. TTC significantly outperformed SP500 index in Nov 2018, when it returned +10.05% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. TTC had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -9.5%.

Success is walking from failure to failure with no loss of enthusiasm.
-- Winston Churchill

TTC is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in TTC's volatility from 3 Oct, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that TTC has significant positive skewness in it's return distribution. This indicates that investors can expect TTC to recover from drawdowns quickly. Which makes TTC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

SP500 index has more chance of extreme outcomes than TTC. Therefore, SP500 must receive a lower allocation than TTC in your portfolio. SP500 index usually has shorter drawdown period than TTC.

On a general note (since you are interested in TTC), NIHD has performed really well this year and deserves to be closely tracked for investment opportunities.

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