Toronto Dominion Bank Preferred Stock Market Value
| TD-PFB Preferred Stock | CAD 24.17 0.04 0.17% |
| Symbol | Toronto |
Toronto Dominion '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 Toronto Dominion's preferred 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 Toronto Dominion.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Toronto Dominion on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Toronto Dominion Bank or generate 0.0% return on investment in Toronto Dominion over 30 days. Toronto Dominion is related to or competes with E Split, E Split, and Sage Potash. More
Toronto Dominion 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 Toronto Dominion's preferred 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 Toronto Dominion Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5605 | |||
| Information Ratio | 0.1624 | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 1.62 |
Toronto Dominion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toronto Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toronto Dominion's standard deviation. In reality, there are many statistical measures that can use Toronto Dominion historical prices to predict the future Toronto Dominion's volatility.| Risk Adjusted Performance | 0.1916 | |||
| Jensen Alpha | 0.1853 | |||
| Total Risk Alpha | 0.1022 | |||
| Sortino Ratio | 0.1917 | |||
| Treynor Ratio | 2.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toronto Dominion'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.
Toronto Dominion Bank Backtested Returns
Toronto Dominion appears to be very steady, given 3 months investment horizon. Toronto Dominion Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the firm had a 0.33% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Toronto Dominion Bank, which you can use to evaluate the volatility of the company. Please review Toronto Dominion's Standard Deviation of 0.6619, downside deviation of 0.5605, and Risk Adjusted Performance of 0.1916 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Toronto Dominion holds a performance score of 25. The entity has a beta of 0.0882, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toronto Dominion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toronto Dominion is expected to be smaller as well. Please check Toronto Dominion's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Toronto Dominion's existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Toronto Dominion Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Toronto Dominion Bank price movement. The serial correlation of -0.21 indicates that over 21.0% of current Toronto Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Toronto Dominion Bank lagged returns against current returns
Autocorrelation, which is Toronto Dominion preferred 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 Toronto Dominion's preferred stock expected returns. We can calculate the autocorrelation of Toronto Dominion returns to help us make a trade decision. For example, suppose you find that Toronto Dominion has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Toronto Dominion 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 Toronto Dominion preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toronto Dominion preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toronto Dominion preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Toronto Dominion Lagged Returns
When evaluating Toronto Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toronto Dominion preferred stock have on its future price. Toronto Dominion 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, Toronto Dominion autocorrelation shows the relationship between Toronto Dominion preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Toronto Dominion Bank.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Toronto Dominion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Toronto Dominion's short interest history, or implied volatility extrapolated from Toronto Dominion options trading.
Currently Active Assets on Macroaxis
Check out Toronto Dominion Correlation, Toronto Dominion Volatility and Toronto Dominion Alpha and Beta module to complement your research on Toronto Dominion. Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Toronto Preferred Stock analysis
When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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Toronto Dominion technical preferred 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, preferred stock market cycles, or different charting patterns.