Toromont Industries 50-Day SMA C122.78 - GuruFocus.com
| TIH Stock | CAD 115.00 0.25 0.22% |
About 61% of Toromont Industries' investor base is looking to short. The analysis of overall sentiment of trading Toromont Industries stock suggests that many investors are alarmed at this time. Toromont Industries' investing sentiment overview a quick insight into current market opportunities from investing in Toromont Industries. Many technical investors use Toromont Industries stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Toromont Industries 50-Day SMA C122.78 GuruFocus.com
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Toromont Industries Fundamental Analysis
We analyze Toromont Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toromont Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toromont Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Toromont Industries is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Toromont Industries Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Toromont Industries stock to make a market-neutral strategy. Peer analysis of Toromont Industries could also be used in its relative valuation, which is a method of valuing Toromont Industries by comparing valuation metrics with similar companies.
Peers
Toromont Industries Related Equities
| FTT | Finning International | 1.38 | ||||
| STN | Stantec | 0.67 | ||||
| RBA | Ritchie Bros | 0.52 | ||||
| CCL-B | CCL Industries | 0.47 | ||||
| TRI | Thomson Reuters | 0.08 |
Other Information on Investing in Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toromont with respect to the benefits of owning Toromont Industries security.