Toronto Dominion Backtesting

The Toronto Dominion Bank -- Canada Stock  

CAD 24.87  0.000001  0.00%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of The Toronto Dominion Bank and determine expected loss or profit from investing in Toronto Dominion over given investment horizon. Also please take a look at Toronto Dominion Hype Analysis, Toronto Dominion Correlation, Toronto Dominion Valuation, Toronto Dominion Volatility as well as analyze Toronto Dominion Alpha and Beta and Toronto Dominion Performance
 Time Horizon     30 Days    Login   to change

Toronto Dominion 'What if' Analysis

February 16, 2018
No Change 0.00  0.0%
In 31 days
March 18, 2018
If you would invest  0.00  in Toronto Dominion on February 16, 2018 and sell it all today you would earn a total of 0.00 from holding The Toronto Dominion Bank or generate 0.0% return on investment in Toronto Dominion over 30 days. Toronto Dominion is related to or competes with Royal Bank, Toronto Dominion, Toronto Dominion, and Bank of Nova Scotia.

Toronto Dominion Upside/Downside Indicators


Toronto Dominion Market Premium Indicators

The Toronto Dominion lagged returns against current returns

 Current and Lagged Values 

Toronto Dominion regressed lagged prices vs. current prices

 Current vs Lagged Prices 

The Toronto Dominion Backtested Returns

We consider Toronto Dominion not too risky. The Toronto Dominion owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0204 which indicates The Toronto Dominion had 0.0204% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for The Toronto Dominion Bank which you can use to evaluate future volatility of the company. Please validate Toronto Dominion Coefficient Of Variation of 2,878 and Risk Adjusted Performance of 0.087664 to confirm if risk estimate we provide are consistent with the epected return of 0.0037%. Toronto Dominion has performance score of 1 on a scale of 0 to 100. The entity has beta of 0.0404 which indicates as returns on market increase, Toronto Dominion returns are expected to increase less than the market. However during bear market, the loss on holding Toronto Dominion will be expected to be smaller as well.. Although it is extremely important to respect The Toronto Dominion current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting The Toronto Dominion technical indicators you can presently evaluate if the expected return of 0.0037% will be sustainable into the future. The Toronto Dominion right now has a risk of 0.179%. Please validate Toronto Dominion Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if Toronto Dominion will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.29) 

Weak reverse predictability

The Toronto Dominion Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from February 16, 2018 to March 3, 2018 and March 3, 2018 to March 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 -0.29 indicates that nearly 29.0% 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 -0.29
Spearman Rank Test -0.31
Average Price 24.83
Lagged Average Price 24.86

Toronto Dominion Lagged Returns

 Regressed Prices 

Toronto Dominion Performance vs SPTSX Comp

The median price of Toronto Dominion for the period between Fri, Feb 16, 2018 and Sun, Mar 18, 2018 is 24.84 with a coefficient of variation of 55.51. The daily time series for the period is distributed with a sample standard deviation of 10.65, arithmetic mean of 19.18, and mean deviation of 8.72. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)