Toronto Competitors

TD Stock  CAD 82.27  1.23  1.52%   
Toronto Dominion Bank competes with Bank of Nova Scotia, Sprott, Alaris Equity, Trisura, and Canaccord Genuity; as well as few others. The company classifies itself under Banks sector and is part of Financials industry. Analyzing Toronto Dominion competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Toronto Dominion to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Toronto Dominion Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Toronto Dominion competition on your existing holdings.
  
At this time, Toronto Dominion's Return On Assets are very stable compared to the past year. As of the 28th of March 2024, Return On Equity is likely to grow to 0.14, while Return On Capital Employed is likely to drop 0.01. At this time, Toronto Dominion's Total Assets are very stable compared to the past year. As of the 28th of March 2024, Non Current Assets Total is likely to grow to about 715.1 B, though Non Currrent Assets Other are likely to grow to (506.4 B).
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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.
Hype
Prediction
LowEstimatedHigh
81.3382.2483.15
Details
Intrinsic
Valuation
LowRealHigh
81.3382.2483.15
Details
Naive
Forecast
LowNextHigh
80.4181.3282.22
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.751.831.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Toronto Dominion. Your research has to be compared to or analyzed against Toronto Dominion's peers to derive any actionable benefits. When done correctly, Toronto Dominion's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Toronto Dominion Bank.

Toronto Dominion Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Toronto Dominion and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Toronto and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Toronto Dominion Bank does not affect the price movement of the other competitor.
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Risk-Adjusted Indicators

There is a big difference between Toronto Stock performing well and Toronto Dominion Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Toronto Dominion's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Toronto Dominion Bank and related stocks such as Bank of Nova Scotia, Sprott Inc, and Alaris Equity Partners Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
BNS876 M6.2 B6.4 B7.1 BB7.1 BB8.5 B8.4 B6.8 B9.6 B9.9 B7.4 B8.5 B5.2 B
SII42.7 M32.4 M32.2 M(76.3 M)16.7 M(28.6 M)23.5 M29.8 M23 M10.4 M27 M33.2 M17.6 M41.8 M43.9 M
AD-UN2.3 M34.7 M18 M29.8 M49 M57.9 M66.6 M11.9 M60.8 M36.3 M20.3 M144.2 M130.7 M138.4 M145.4 M
TSUMMMMMMM(342 K)8.6 M5.1 M32.4 M62.6 M24.7 M11.8 M20.3 M
CF3.3 M(20.3 M)(16.8 M)51.4 M(13.2 M)(358.5 M)38.1 M13 M70.5 M86.5 M263.8 M246.3 M(90.1 M)(103.6 M)(98.4 M)
X53.8 M237.5 M15.3 M123.9 M100.5 M(52.3 M)196.4 M368 M286 M247.6 M279.7 M338.5 M542.7 M356 M206.8 M

Toronto Dominion Bank and related stocks such as Bank of Nova Scotia, Sprott Inc, and Alaris Equity Partners Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Toronto Dominion Bank financial statement analysis. It represents the amount of money remaining after all of Toronto Dominion Bank operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Toronto Dominion Competitive Analysis

The better you understand Toronto Dominion competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Toronto Dominion's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Toronto Dominion's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
TDBNSSIIAD-UNTSUCFX
 1.52 
 82.27 
Toronto
 1.40 
 69.42 
Bank
 1.88 
 49.36 
Sprott
 1.61 
 17.03 
Alaris
 0.94 
 42.19 
Trisura
 1.98 
 8.75 
Canaccord
 0.55 
 36.45 
TMX
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(90 Days Macroaxis Advice)
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Toronto Dominion Competition Performance Charts

Five steps to successful analysis of Toronto Dominion Competition

Toronto Dominion's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Toronto Dominion Bank in relation to its competition. Toronto Dominion's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Toronto Dominion in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Toronto Dominion's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Toronto Dominion Bank, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Toronto Dominion position

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When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:
Check out Toronto Dominion Correlation with its peers.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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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Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.