Td Comfort Balanced Fund Beta
| 0P0001FAU8 | CAD 13.09 0.14 1.08% |
TD Comfort Balanced fundamentals help investors to digest information that contributes to TD Comfort's financial success or failures. It also enables traders to predict the movement of 0P0001FAU8 Fund. The fundamental analysis module provides a way to measure TD Comfort's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TD Comfort fund.
0P0001FAU8 |
TD Comfort Balanced Fund Beta Analysis
TD Comfort's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, TD Comfort Balanced has a Beta of 0.0. This indicator is about the same for the TD Asset Management Inc average (which is currently at 0.0) family and about the same as Global Neutral Balanced (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
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Fund Asset Allocation for TD Comfort
The fund invests 47.4% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (40.77%) , cash (1.47%) and various exotic instruments.Asset allocation divides TD Comfort's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
0P0001FAU8 Fundamentals
| Total Asset | 6.52 B | |||
| Net Asset | 6.52 B | |||
| Minimum Initial Investment | 100 | |||
| Cash Position Weight | 1.47 % | |||
| Equity Positions Weight | 47.40 % | |||
| Bond Positions Weight | 40.77 % |
About TD Comfort Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TD Comfort Balanced's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TD Comfort using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TD Comfort Balanced based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TD Comfort
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 TD Comfort 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 TD Comfort will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P0001FAU8 Fund
| 0.8 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.97 | 0P0000714D | Mawer Balanced | PairCorr |
The ability to find closely correlated positions to TD Comfort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TD Comfort 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 TD Comfort - 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 TD Comfort Balanced to buy it.
The correlation of TD Comfort 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 TD Comfort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Comfort Balanced 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 TD Comfort 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 0P0001FAU8 Fund
TD Comfort financial ratios help investors to determine whether 0P0001FAU8 Fund 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 0P0001FAU8 with respect to the benefits of owning TD Comfort security.
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