Toronto Financial Statements From 2010 to 2024
| TD-PFI Preferred Stock | CAD 25.87 0.13 0.50% |
Check Toronto Dominion financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Toronto Dominion's main balance sheet or income statement drivers, such as , as well as many indicators such as . Toronto financial statements analysis is a perfect complement when working with Toronto Dominion Valuation or Volatility modules.
Toronto |
Toronto Dominion Bank Pref Company Price To Earning Analysis
Toronto Dominion's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Toronto Dominion Price To Earning | 4.30 X |
Most of Toronto Dominion's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Toronto Dominion Bank Pref is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Toronto Dominion Bank Pref has a Price To Earning of 4.3 times. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The price to earning for all Canada preferred stocks is notably lower than that of the firm.
Toronto Dominion Bank Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Toronto Dominion's current stock value. Our valuation model uses many indicators to compare Toronto Dominion value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Toronto Dominion competition to find correlations between indicators driving Toronto Dominion's intrinsic value. More Info.Toronto Dominion Bank Pref is currently regarded as top stock in price to earning category among its peers. It also is currently regarded as top stock in price to sales category among its peers fabricating about 0.72 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Toronto Dominion Bank Pref is roughly 1.38 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Toronto Dominion by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Toronto Dominion's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Toronto Dominion Financial Statements
Toronto Dominion stakeholders use historical fundamental indicators, such as Toronto Dominion's revenue or net income, to determine how well the company is positioned to perform in the future. Although Toronto Dominion investors may analyze each financial statement separately, they are all interrelated. For example, changes in Toronto Dominion's assets and liabilities are reflected in the revenues and expenses on Toronto Dominion's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Toronto Dominion Bank Pref. Please read more on our technical analysis and fundamental analysis pages.
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada. TD BANK is traded on Toronto Stock Exchange in Canada.
Pair Trading with Toronto Dominion
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.Moving together with Toronto Preferred Stock
Moving against Toronto Preferred Stock
| 0.82 | TGO | TeraGo Inc | PairCorr |
| 0.56 | RHC | Royal Helium | PairCorr |
| 0.34 | SAGE | Sage Potash Corp | PairCorr |
| 0.34 | VGZ | Vista Gold | PairCorr |
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 Pref 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.Other Information on Investing in Toronto Preferred Stock
Toronto Dominion financial ratios help investors to determine whether Toronto Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toronto with respect to the benefits of owning Toronto Dominion security.