Toronto Dominion Bank Pref Stock Market Value
| TD-PFI Stock | CAD 24.82 0.14 0.57% |
| Symbol | Toronto |
Toronto Dominion Bank Price To Book Ratio
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 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.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Toronto Dominion on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Toronto Dominion Bank Pref or generate 0.0% return on investment in Toronto Dominion over 30 days. Toronto Dominion is related to or competes with Enbridge Pref, Enbridge Pref, Enbridge Pref, E Split, and E Split. The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and... 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 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 Pref upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4661 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.95 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7051 |
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 | 0.0291 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.64) |
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
We consider Toronto Dominion very steady. Toronto Dominion Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0214, which indicates the firm had a 0.0214% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Toronto Dominion Bank Pref, which you can use to evaluate the volatility of the company. Please validate Toronto Dominion's Risk Adjusted Performance of 0.0291, coefficient of variation of 1904.5, and Semi Deviation of 0.3878 to confirm if the risk estimate we provide is consistent with the expected return of 0.0095%. Toronto Dominion has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0218, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Toronto Dominion are expected to decrease at a much lower rate. During the bear market, Toronto Dominion is likely to outperform the market. Toronto Dominion Bank right now has a risk of 0.44%. Please validate Toronto Dominion skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Toronto Dominion will be following its existing price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Toronto Dominion Bank Pref has good reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 -0.52 indicates that about 52.0% of current Toronto Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Toronto Dominion Bank lagged returns against current returns
Autocorrelation, which is Toronto Dominion 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toronto Dominion 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 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 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Toronto Dominion Bank Pref.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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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Toronto Dominion technical 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, stock market cycles, or different charting patterns.