Td Equity Index Etf Market Value
| TPU Etf | CAD 48.20 0.54 1.13% |
| Symbol | TPU |
TD Equity '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 TD Equity's etf 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 TD Equity.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in TD Equity on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding TD Equity Index or generate 0.0% return on investment in TD Equity over 60 days. TD Equity is related to or competes with TD Canadian, TD International, TD Equity, TD Canadian, and TD Active. Equity Index ETF seeks to track, to the extent reasonably possible and before the deduction of fees and expenses, the pe... More
TD Equity 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 TD Equity's etf 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 TD Equity Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7659 | |||
| Information Ratio | 0.06 | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.16 |
TD Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Equity's standard deviation. In reality, there are many statistical measures that can use TD Equity historical prices to predict the future TD Equity's volatility.| Risk Adjusted Performance | 0.1771 | |||
| Jensen Alpha | 0.1119 | |||
| Total Risk Alpha | 0.0464 | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 0.37 |
TD Equity Index Backtested Returns
TD Equity appears to be very steady, given 3 months investment horizon. TD Equity Index retains Efficiency (Sharpe Ratio) of 0.26, which indicates the etf had a 0.26% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TD Equity, which you can use to evaluate the volatility of the etf. Please review TD Equity's Mean Deviation of 0.5237, risk adjusted performance of 0.1771, and Downside Deviation of 0.7659 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TD Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Equity is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
TD Equity Index has very good predictability. Overlapping area represents the amount of predictability between TD Equity time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 TD Equity Index price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current TD Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
TD Equity Index lagged returns against current returns
Autocorrelation, which is TD Equity etf'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 TD Equity's etf expected returns. We can calculate the autocorrelation of TD Equity returns to help us make a trade decision. For example, suppose you find that TD Equity has exhibited high autocorrelation historically, and you observe that the etf 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 |
TD Equity 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 TD Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Equity etf over time.
Current vs Lagged Prices |
| Timeline |
TD Equity Lagged Returns
When evaluating TD Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Equity etf have on its future price. TD Equity 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, TD Equity autocorrelation shows the relationship between TD Equity etf current value and its past values and can show if there is a momentum factor associated with investing in TD Equity Index.
Regressed Prices |
| Timeline |
Pair Trading with TD Equity
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 Equity 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 Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with TPU Etf
| 0.97 | XSP | iShares Core SP | PairCorr |
| 1.0 | ZSP | BMO SP 500 | PairCorr |
| 1.0 | VFV | Vanguard SP 500 | PairCorr |
| 1.0 | HXS | Global X SP | PairCorr |
| 1.0 | XUS | iShares Core SP | PairCorr |
Moving against TPU Etf
| 0.96 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.95 | HIU | BetaPro SP 500 | PairCorr |
| 0.93 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.56 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.53 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to TD Equity 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 Equity 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 Equity - 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 Equity Index to buy it.
The correlation of TD Equity 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 Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Equity Index 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 Equity 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 TPU Etf
TD Equity financial ratios help investors to determine whether TPU Etf 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 TPU with respect to the benefits of owning TD Equity security.