Toronto Dominion Bank Stock Bond Positions Weight
| TD Stock | CAD 79.23 0.16 0.20% |
Toronto Dominion Bank fundamentals help investors to digest information that contributes to Toronto Dominion's financial success or failures. It also enables traders to predict the movement of Toronto Stock. The fundamental analysis module provides a way to measure Toronto Dominion'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 Toronto Dominion stock.
Toronto | Bond Positions Weight |
Toronto Dominion Bank Company Bond Positions Weight Analysis
Toronto Dominion's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Toronto Bond Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for Toronto Dominion is extremely important. It helps to project a fair market value of Toronto Stock properly, considering its historical fundamentals such as Bond Positions Weight. Since Toronto Dominion's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Toronto Dominion's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Toronto Dominion's interrelated accounts and indicators.
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Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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In accordance with the recently published financial statements, Toronto Dominion Bank has a Bond Positions Weight of 0.0%. This indicator is about the same for the Banks average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
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Toronto Dominion ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Toronto Dominion's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Toronto Dominion's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Toronto Fundamentals
| Return On Equity | 0.0733 | ||||
| Return On Asset | 0.0043 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 49.02 B | ||||
| Shares Outstanding | 1.75 B | ||||
| Shares Owned By Insiders | 0.08 % | ||||
| Shares Owned By Institutions | 59.53 % | ||||
| Number Of Shares Shorted | 54.51 M | ||||
| Price To Earning | 11.70 X | ||||
| Price To Book | 1.38 X | ||||
| Price To Sales | 2.65 X | ||||
| Revenue | 52.93 B | ||||
| Gross Profit | 47.74 B | ||||
| EBITDA | 15 B | ||||
| Net Income | 10.78 B | ||||
| Cash And Equivalents | 542.82 B | ||||
| Cash Per Share | 299.41 X | ||||
| Total Debt | 401.81 B | ||||
| Debt To Equity | 0.15 % | ||||
| Book Value Per Share | 60.85 X | ||||
| Cash Flow From Operations | (65.3 B) | ||||
| Short Ratio | 6.73 X | ||||
| Earnings Per Share | 4.32 X | ||||
| Price To Earnings To Growth | 1.09 X | ||||
| Target Price | 88.07 | ||||
| Number Of Employees | 102.19 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 138.49 B | ||||
| Total Asset | 1.96 T | ||||
| Retained Earnings | 73.04 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.72 % | ||||
| 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'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 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 Stock
| 0.7 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.68 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.65 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.61 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.6 | RY | Royal Bank Earnings Call This Week | 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 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.