Toronto Competitors
| TD Stock | USD 97.28 1.30 1.32% |
Toronto Dominion vs Nu Holdings Correlation
Very weak diversification
The correlation between Toronto Dominion Bank and NU is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toronto Dominion Bank and NU in the same portfolio, assuming nothing else is changed.
Moving together with Toronto Stock
Moving against Toronto Stock
The current year's Return On Capital Employed is expected to grow to 0.05, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Toronto Dominion's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 506.7 B, whereas Intangible Assets are forecasted to decline to about 2.4 B.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 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.
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BMO | 1.03 | 0.13 | 0.10 | 0.20 | 1.15 | 2.12 | 6.14 | |||
| CM | 0.93 | 0.14 | 0.09 | 0.27 | 1.05 | 2.10 | 7.15 | |||
| BNS | 0.78 | 0.18 | 0.11 | 0.51 | 0.93 | 1.69 | 6.23 | |||
| JPM | 1.27 | (0.15) | 0.00 | (0.03) | 0.00 | 2.34 | 7.38 | |||
| RY | 0.78 | 0.20 | 0.18 | 0.41 | 0.65 | 1.68 | 4.03 | |||
| BAC | 1.03 | (0.09) | 0.00 | (0.01) | 0.00 | 1.73 | 5.67 | |||
| C | 1.44 | 0.05 | 0.04 | 0.10 | 1.92 | 3.43 | 9.90 | |||
| WFC | 1.16 | (0.07) | (0.03) | 0.01 | 1.71 | 2.23 | 8.11 | |||
| NU | 1.62 | 0.03 | 0.02 | 0.10 | 2.25 | 3.85 | 11.48 |
Cross Equities Net Income Analysis
Compare Toronto Dominion Bank and related stocks such as Bank of Montreal, Canadian Imperial Bank, and Bank of Nova Scotia Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BMO | 825 M | 4.1 B | 4.1 B | 4.3 B | 2.2 B | 1.3 B | 2.5 B | 5.2 B | 5.8 B | 5.1 B | 7.8 B | 13.5 B | 4.4 B | 7.3 B | 8.7 B | 5.2 B | 3.9 B |
| CM | 749 M | 3.3 B | 3.4 B | 3.2 B | 3.6 B | 4.3 B | 4.7 B | 5.3 B | 5.1 B | 3.8 B | 6.4 B | 6.2 B | 5 B | 7.1 B | 8.4 B | 9.7 B | 10.2 B |
| BNS | 3 B | 3 B | 3 B | 3 B | 3 B | 6.1 B | 6 B | 6.1 B | 8.4 B | 6.8 B | 9.6 B | 9.9 B | 7.4 B | 7.8 B | 7.8 B | 6.1 B | 5.6 B |
| JPM | 390.2 M | 18.2 B | 20.5 B | 17.9 B | 21.7 B | 24.4 B | 24.7 B | 24.4 B | 32.5 B | 36.4 B | 29.1 B | 48.3 B | 37.7 B | 49.6 B | 58.5 B | 57 B | 59.9 B |
| RY | 5.6 B | 5.6 B | 5.6 B | 5.6 B | 5.6 B | 299.4 M | 334.3 M | 376.7 M | 12.9 B | 11.4 B | 16 B | 15.8 B | 14.6 B | 16.2 B | 20.4 B | 376.7 M | 357.9 M |
| BAC | 1.1 B | 1.4 B | 2.8 B | 11.4 B | 4.8 B | 15.9 B | 17.9 B | 18.2 B | 28.1 B | 27.4 B | 17.9 B | 32 B | 27.5 B | 26.5 B | 27.1 B | 30.6 B | 32.2 B |
| C | 45.9 M | 11.1 B | 7.4 B | 13.7 B | 7.3 B | 17.2 B | 14.9 B | (6.8 B) | 18 B | 19.4 B | 11 B | 22 B | 14.8 B | 9.2 B | 12.7 B | 14.3 B | 9.2 B |
| WFC | 107.6 M | 15.9 B | 18.9 B | 21.9 B | 23.1 B | 22.9 B | 21.9 B | 22.2 B | 22.4 B | 19.7 B | 3.4 B | 22.1 B | 13.7 B | 19.1 B | 19.7 B | 21.3 B | 22.4 B |
| NU | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (28.6 M) | (92.5 M) | (171.5 M) | (165.3 M) | (364.6 M) | 1 B | 2 B | 2.3 B | 2.4 B |
Toronto Dominion Bank and related stocks such as Bank of Montreal, Canadian Imperial Bank, and Bank of Nova Scotia 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 |
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.
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 Processed Foods Thematic Idea Now
Processed Foods
Companies producing and distributing processed foods to retail sectors. The Processed Foods theme has 38 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 Processed Foods Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Toronto Dominion Correlation with its peers. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Will Diversified Banks sector continue expanding? Could Toronto diversify its offerings? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Toronto Dominion data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.08) | Dividend Share 4.2 | Earnings Share 8.53 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
Understanding Toronto Dominion Bank requires distinguishing between market price and book value, where the latter reflects Toronto's accounting equity. The concept of intrinsic value - what Toronto Dominion's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Toronto Dominion's price substantially above or below its fundamental value.
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. In contrast, Toronto Dominion's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.