Toronto Dominion has
performance score of 11 on a scale of 0 to 100. The entity has a beta of 0.8413, which indicates possible diversification benefits within a given portfolio. Let's try to break down what Toronto's beta means in this case. As returns on the market increase, Toronto Dominion returns are expected to increase less than the market. However, during the bear market, the loss on holding Toronto Dominion will be expected to be smaller as well. Although it is extremely important to respect
Toronto Dominion Bank 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
Toronto Dominion Bank technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future.
Toronto Dominion Bank right now has a risk of 0.96%. Please validate Toronto Dominion
information ratio,
potential upside, as well as the
relationship between the Potential Upside and
kurtosis to decide if Toronto Dominion will be following its existing
price patterns.
The successful prediction of Toronto Dominion
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Toronto Dominion Bank, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Toronto Dominion based on Toronto Dominion hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Toronto Dominion's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Toronto Dominion's related companies.
Use Technical Analysis to project Toronto expected Price
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.
A focus of Toronto Dominion technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Toronto Dominion trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Toronto Dominion Gross Profit
Toronto Dominion Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Toronto Dominion previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Toronto Dominion Gross Profit growth over the last 10 years. Please check Toronto Dominion's
gross profit and other
fundamental indicators for more details.
Is Toronto Dominion valued correctly by the market?
The modest gains experienced by current holders of Toronto Dominion Bank created some momentum for shareholders as it was traded today as low as
71.68 and as high as
73.55 per share. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in
November. The stock standard deviation of daily returns for 90 days investing horizon is currently 0.96. The very small Stock volatility is a good signal to shareholders with longer-term investment horizons.
Toronto Dominion has 82 percent chance to finish below $73 next week
Skewness is down to 0.36. It may indicate a possible volatility dip.
As of the 1st of December, Toronto Dominion has the Coefficient Of Variation of 623.44,
semi deviation of 0.6292, and Risk Adjusted Performance of 0.1288. In relation to
fundamental indicators, the
technical analysis model makes it possible for you to check existing technical drivers of Toronto Dominion Bank, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down nineteen
technical drivers for Toronto Dominion Bank, which can be compared to its competition. Please validate
Toronto Dominion Bank information ratio,
potential upside, as well as the
relationship between the Potential Upside and
kurtosis to decide if Toronto Dominion is priced more or less accurately, providing market reflects its prevalent price of 71.73 per share. Given that Toronto Dominion Bank has
jensen alpha of 0.1993, we advise you to double-check Toronto Dominion Bank's current market performance to make sure the company can sustain itself at a future point.
Our Conclusion on Toronto Dominion
Although some companies under the banks—diversified industry are still a bit expensive, Toronto Dominion may offer a potential longer-term growth to shareholders. The inconsistency in the assessment between current Toronto valuation and our trade advice on Toronto Dominion is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Toronto Dominion.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Toronto Dominion Bank. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
editors@macroaxis.com