Toronto Dominion Bank Pref Preferred Stock Probability Of Bankruptcy
| TD-PFI Preferred Stock | CAD 25.74 0.05 0.19% |
Toronto |
Toronto Dominion Bank Pref Company chance of distress Analysis
Toronto Dominion's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Toronto Dominion Probability Of Bankruptcy | Less than 9% |
Most of Toronto Dominion's fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of Toronto Dominion probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Toronto Dominion odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Toronto Dominion Bank Pref financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Toronto Dominion Bank Pref has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The probability of bankruptcy for all Canada preferred stocks is notably lower than that of the firm.
Chance Of Distress
Less than 9
High | Low |
Low
Toronto Dominion Bank Pref has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Toronto Dominion preferred stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Toronto Dominion's odds of distress score SHOULD NOT be confused with the real chance of Toronto Dominion Bank Pref filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Toronto is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Toronto Dominion's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More InfoToronto Fundamentals
| Return On Equity | 0.0733 | ||||
| Return On Asset | 0.0043 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | (44.53 B) | ||||
| Shares Outstanding | 1.83 B | ||||
| Shares Owned By Institutions | 17.06 % | ||||
| Price To Earning | 4.30 X | ||||
| Price To Sales | 3.11 X | ||||
| Revenue | 52.93 B | ||||
| Gross Profit | 47.74 B | ||||
| EBITDA | 15.86 B | ||||
| Net Income | 10.78 B | ||||
| Cash And Equivalents | 542.82 B | ||||
| Cash Per Share | 299.41 X | ||||
| Total Debt | 411.43 B | ||||
| Book Value Per Share | 60.85 X | ||||
| Cash Flow From Operations | (65.3 B) | ||||
| Earnings Per Share | 8.05 X | ||||
| Number Of Employees | 102.19 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 162.59 B | ||||
| Total Asset | 1.96 T | ||||
| Retained Earnings | 73.04 B | ||||
| Net Asset | 1.96 T | ||||
| Last Dividend Paid | 4.02 |
About Toronto Dominion Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Toronto Dominion Bank Pref's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toronto Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toronto Dominion Bank Pref based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 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 against Toronto Preferred 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 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.