The Toronto Dominion Backtested Returns
Macroaxis considers Toronto Dominion to be not too risky. The Toronto Dominion
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0799 which indicates The Toronto Dominion
had -0.0799% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. The Toronto Dominion Bank exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Toronto Dominion Coefficient Of Variation
of (1,215) and Risk Adjusted Performance of (0.035247) to confirm risk estimate we provide. Macroaxis gives Toronto Dominion performance score of 0 on a scale of 0 to 100. The entity has beta of -0.2767 which indicates as returns on market increase, returns on owning Toronto Dominion are expected to decrease at a much smaller rate. During bear market, Toronto Dominion is likely to outperform the market.. Even though it is essential to pay attention to The Toronto Dominion current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. The Toronto Dominion Bank exposes twenty-one different technical indicators which can help you to evaluate its performance. The Toronto Dominion has expected return of -0.0254%. Please be advised to validate Toronto Dominion Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if The Toronto Dominion past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.75) |
Almost perfect reverse predictability
The Toronto Dominion Bank has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of The Toronto Dominion price movement. The serial correlation of -0.75 indicates that around 75.0% of current Toronto Dominion price fluctuation can be explain by its past prices. Given that The Toronto Dominion Bank has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Toronto Dominion for similar time interval.
|Correlation Coefficient|| -0.75|
|Spearman Rank Test|| -0.85|
|Price Variance|| 0.03|
|Average Price|| 25.24|
Toronto Dominion Lagged Returns