Toronto Intangible Assets from 2010 to 2026
| TD Stock | CAD 129.55 0.88 0.68% |
Intangible Assets | First Reported 1998-10-31 | Previous Quarter 3.3 B | Current Value 3.4 B | Quarterly Volatility 1.2 B |
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 Depreciation And Amortization of 1.3 B, Interest Expense of 65.9 B or Selling General Administrative of 29.4 B, as well as many indicators such as Price To Sales Ratio of 1.58, Dividend Yield of 0.0266 or PTB Ratio of 1.86. Toronto financial statements analysis is a perfect complement when working with Toronto Dominion Valuation or Volatility modules.
Toronto | Intangible Assets |
Latest Toronto Dominion's Intangible Assets Growth Pattern
Below is the plot of the Intangible Assets of Toronto Dominion Bank over the last few years. It is non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value. Toronto Dominion's Intangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Toronto Dominion's overall financial position and show how it may be relating to other accounts over time.
| Intangible Assets | 10 Years Trend |
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Intangible Assets |
| Timeline |
Toronto Intangible Assets Regression Statistics
| Arithmetic Mean | 2,777,666,900 | |
| Geometric Mean | 2,698,228,271 | |
| Coefficient Of Variation | 29.39 | |
| Mean Deviation | 478,272,637 | |
| Median | 2,618,000,000 | |
| Standard Deviation | 816,341,453 | |
| Sample Variance | 666413.4T | |
| Range | 3.5B | |
| R-Value | (0.22) | |
| Mean Square Error | 677153.3T | |
| R-Squared | 0.05 | |
| Significance | 0.40 | |
| Slope | (35,192,554) | |
| Total Sum of Squares | 10662613.9T |
Toronto Intangible Assets History
About Toronto Dominion Financial Statements
Toronto Dominion investors utilize fundamental indicators, such as Intangible Assets, to predict how Toronto Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Intangible Assets | 3.1 B | 2.4 B |
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 Stock
Moving against Toronto Stock
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.Check out the analysis of Toronto Dominion Correlation against competitors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.