Toro Co (TTC)
The Toro Company designs, manufactures and markets professional and residential equipment worldwide. The company is headquartered in Bloomington, Minnesota.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.72% per annum.
- TTC price at the close of April 28, 2025 was $68.74 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 63.43% per annum.
- TTC price at the close of April 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TTC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 27, 2022
End date: April 28, 2025
a = 5.0089
b = -0.0004
s = 0.0674
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0674) – 1
= 30.95%
October 27, 2022 calculations
Top border of price channel:
Exp(Y630)
= Exp(a + b × X630 + 2 × s)
= Exp(a + b × 911 + 2 × s)
= Exp(5.0089 + -0.0004 × 911 + 2 × 0.0674)
= Exp(4.8042)
= $122.02
Bottom border of price channel:
Exp(Y630)
= Exp(a + b × X630 – 2 × s)
= Exp(a + b × 911 – 2 × s)
= Exp(5.0089 + -0.0004 × 911 – 2 × 0.0674)
= Exp(4.5345)
= $93.18
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.0089 + -0.0004 × 1,825 + 2 × 0.0674)
= Exp(4.4636)
= $86.80
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.0089 + -0.0004 × 1,825 – 2 × 0.0674)
= Exp(4.1939)
= $66.28
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.72% per annum.
- TTC price at the close of April 28, 2025 was $68.74 and was inside the primary price channel.
Secondary Trend
Start date: January 21, 2025
End date: April 28, 2025
a = 9.2129
b = -0.0028
s = 0.0291
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0028) – 1
= -63.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0291) – 1
= 12.35%
January 21, 2025 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(9.2129 + -0.0028 × 1,728 + 2 × 0.0291)
= Exp(4.5084)
= $90.77
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(9.2129 + -0.0028 × 1,728 – 2 × 0.0291)
= Exp(4.3920)
= $80.80
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.2129 + -0.0028 × 1,825 + 2 × 0.0291)
= Exp(4.2410)
= $69.48
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.2129 + -0.0028 × 1,825 – 2 × 0.0291)
= Exp(4.1246)
= $61.84
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 63.43% per annum.
- TTC price at the close of April 28, 2025 was inside the secondary price channel.