Td Active Enhanced Etf Market Value
| TUED Etf | CAD 31.41 0.49 1.58% |
| Symbol | TUED |
TD Active '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 Active'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 Active.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in TD Active on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding TD Active Enhanced or generate 0.0% return on investment in TD Active over 90 days. TD Active is related to or competes with TD Active, TD Q, TD Q, TD Active, and TD Active. TD ACTIVE is traded on Toronto Stock Exchange in Canada. More
TD Active 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 Active'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 Active Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9542 | |||
| Information Ratio | 0.0967 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.61 |
TD Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Active's standard deviation. In reality, there are many statistical measures that can use TD Active historical prices to predict the future TD Active's volatility.| Risk Adjusted Performance | 0.1791 | |||
| Jensen Alpha | 0.1503 | |||
| Total Risk Alpha | 0.0616 | |||
| Sortino Ratio | 0.098 | |||
| Treynor Ratio | 0.4046 |
TD Active Enhanced Backtested Returns
TD Active appears to be very steady, given 3 months investment horizon. TD Active Enhanced retains Efficiency (Sharpe Ratio) of 0.23, which indicates the etf had a 0.23% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TD Active, which you can use to evaluate the volatility of the etf. Please review TD Active's Downside Deviation of 0.9542, risk adjusted performance of 0.1791, and Mean Deviation of 0.6823 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TD Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Active is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
TD Active Enhanced has good predictability. Overlapping area represents the amount of predictability between TD Active time series from 29th of August 2024 to 13th of October 2024 and 13th 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 Active Enhanced price movement. The serial correlation of 0.72 indicates that around 72.0% of current TD Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
TD Active Enhanced lagged returns against current returns
Autocorrelation, which is TD Active 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 Active's etf expected returns. We can calculate the autocorrelation of TD Active returns to help us make a trade decision. For example, suppose you find that TD Active 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 Active 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 Active etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Active etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Active etf over time.
Current vs Lagged Prices |
| Timeline |
TD Active Lagged Returns
When evaluating TD Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Active etf have on its future price. TD Active 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 Active autocorrelation shows the relationship between TD Active etf current value and its past values and can show if there is a momentum factor associated with investing in TD Active Enhanced.
Regressed Prices |
| Timeline |
Pair Trading with TD Active
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 Active 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 Active will appreciate offsetting losses from the drop in the long position's value.Moving together with TUED Etf
| 0.8 | XSP | iShares Core SP | PairCorr |
| 0.81 | ZSP | BMO SP 500 | PairCorr |
| 0.81 | VFV | Vanguard SP 500 | PairCorr |
| 1.0 | HXS | Global X SP | PairCorr |
| 1.0 | XUS | iShares Core SP | PairCorr |
Moving against TUED Etf
| 0.8 | HIU | BetaPro SP 500 | PairCorr |
| 0.8 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.74 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.69 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.45 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to TD Active 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 Active 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 Active - 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 Active Enhanced to buy it.
The correlation of TD Active 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 Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Active Enhanced 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 Active 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 TUED Etf
TD Active financial ratios help investors to determine whether TUED 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 TUED with respect to the benefits of owning TD Active security.