Tortoise Capital Resources Corporation (TTO)

9.21 -0.01  -0.11%  May 31, 8:00PM Go Pro
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Tortoise Capital Resources Corporation Beneish M-Score

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About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

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TTO News

$TTO amended latest Quarterly Report http://stks.co/3kL2
about 23 days ago by MarketBrief
$TTO amended latest Annual Report http://stks.co/3buU
about 31 days ago by MarketBrief
$TTO filed latest Quarterly Report http://stks.co/3H2N
about 53 days ago by MarketBrief
$TTO filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/38nE
about 64 days ago by MarketBrief
$TTO filed latest Annual Report http://stks.co/2Qwv
about 106 days ago by MarketBrief
$TTO filed latest Annual Report http://stks.co/2Np6
about 109 days ago by MarketBrief
$TTO filed latest Quarterly Report http://stks.co/c1m
about 232 days ago by MarketBrief
$TTO http://chart.ly/sndjfnd long setup
about 308 days ago by stt2318
$$ huh? look at $tto - a closed end fund
about 309 days ago by stockspot
Recent "Post-market lows" Alerts:http://www.trade-ideas.com/SingleAlertType/LPOST/Post-market_lows.html $TTO
about 1302 days ago by TradeIdeas

Recent Quotes

Symbol Price Chg Chg % Market Cap
TTO 9.21 -0.01 -0.11%
TTMI 9.11 -0.13 -1.41% 751.58M
TTM 20.26 -0.53 -2.55% 11.19B
TTHI 1.95 -0.09 -4.41% 52.49M
TTGT 5.08 -0.15 -2.87% 203.03M
TTF 15.04 -0.36 -2.34%
TTEK 24.62 -0.37 -1.48% 1.578B
TTEC 14.66 -0.24 -1.61% 843.64M
TICC 9.37 -0.10 -1.06% 351.05M
TIBX 26.32 -0.43 -1.61% 4.457B
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