Toronto Dominion Bank Preferred Stock Market Value
| TD-PFD Preferred Stock | CAD 24.30 0.02 0.08% |
| Symbol | Toronto |
Toronto Dominion 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Toronto Dominion's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Toronto Dominion.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Toronto Dominion on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Toronto Dominion Bank or generate 0.0% return on investment in Toronto Dominion over 720 days. Toronto Dominion is related to or competes with Advent Wireless, Data Communications, Brookfield Asset, Economic Investment, Dream Office, and Westshore Terminals. The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and... More
Toronto Dominion Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Toronto Dominion's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Toronto Dominion Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4485 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.7429 |
Toronto Dominion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toronto Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toronto Dominion's standard deviation. In reality, there are many statistical measures that can use Toronto Dominion historical prices to predict the future Toronto Dominion's volatility.| Risk Adjusted Performance | 0.0467 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.6801 |
Toronto Dominion Bank Backtested Returns
At this point, Toronto Dominion is very steady. Toronto Dominion Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0923, which indicates the firm had a 0.0923% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Toronto Dominion Bank, which you can use to evaluate the volatility of the company. Please validate Toronto Dominion's Semi Deviation of 0.2892, risk adjusted performance of 0.0467, and Coefficient Of Variation of 1416.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.0399%. Toronto Dominion has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0312, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toronto Dominion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toronto Dominion is expected to be smaller as well. Toronto Dominion Bank right now has a risk of 0.43%. Please validate Toronto Dominion skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Toronto Dominion will be following its existing price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Toronto Dominion Bank has very good reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Toronto Dominion Bank price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Toronto Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 3.53 |
Toronto Dominion Bank lagged returns against current returns
Autocorrelation, which is Toronto Dominion preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Toronto Dominion's preferred stock expected returns. We can calculate the autocorrelation of Toronto Dominion returns to help us make a trade decision. For example, suppose you find that Toronto Dominion has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Toronto Dominion regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Toronto Dominion preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toronto Dominion preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toronto Dominion preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Toronto Dominion Lagged Returns
When evaluating Toronto Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toronto Dominion preferred stock have on its future price. Toronto Dominion autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Toronto Dominion autocorrelation shows the relationship between Toronto Dominion preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Toronto Dominion Bank.
Regressed Prices |
| Timeline |
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
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.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.