Toronto Dominion Debt to Equity vs. Revenue
| TD Stock | CAD 78.28 0.71 0.92% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter 3.3 | Current Value 3.47 | Quarterly Volatility 1.16126045 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Gross Profit Margin | 0.79 | 0.91 |
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| Net Profit Margin | 0.19 | 0.18 |
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| Operating Profit Margin | 0.29 | 0.3 |
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| Pretax Profit Margin | 0.23 | 0.22 |
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| Return On Assets | 0.0058 | 0.005 |
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| Return On Equity | 0.14 | 0.11 |
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For Toronto Dominion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Toronto Dominion to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Toronto Dominion Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Toronto Dominion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Toronto Dominion Bank over time as well as its relative position and ranking within its peers.
Toronto |
Toronto Dominion Bank Revenue vs. Debt to Equity Fundamental Analysis
Toronto Revenue vs. Debt to Equity
Toronto Dominion | = | null |
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Toronto Dominion |
| = | 52.93 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Toronto Revenue vs Competition
Toronto Dominion Bank is rated third in revenue category among related companies. Market size based on revenue of Financials industry is at this time estimated at about 240.97 Billion. Toronto Dominion totals roughly 52.93 Billion in revenue claiming about 22% of equities under Financials industry.
Use Toronto Dominion in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toronto Dominion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toronto Dominion will appreciate offsetting losses from the drop in the long position's value.Toronto Dominion Pair Trading
Toronto Dominion Bank Pair Trading Analysis
The ability to find closely correlated positions to Toronto Dominion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toronto Dominion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toronto Dominion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toronto Dominion Bank to buy it.
The correlation of Toronto Dominion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toronto Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toronto Dominion Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Toronto Dominion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Toronto Dominion position
In addition to having Toronto Dominion in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Defense Thematic Idea Now
Defense
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Defense theme has 16 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Defense Theme or any other thematic opportunities.
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Check out World Market Map. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Toronto 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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To fully project Toronto Dominion's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Toronto Dominion Bank at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Toronto Dominion's income statement, its balance sheet, and the statement of cash flows.