Td Long Term Etf Market Value
| TULB Etf | CAD 117.51 0.04 0.03% |
| Symbol | TULB |
TD Long '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 Long'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 Long.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in TD Long on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding TD Long Term or generate 0.0% return on investment in TD Long over 660 days. TD Long is related to or competes with TD Canadian, TD Active, TD Active, TD Active, and TD Q. Long Term Treasury Bond ETF seeks to earn a high rate of interest income by investing primarily in, or gaining exposure ... More
TD Long 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 Long'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 Long Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.734 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.54 |
TD Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Long's standard deviation. In reality, there are many statistical measures that can use TD Long historical prices to predict the future TD Long's volatility.| Risk Adjusted Performance | 0.0042 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.25) |
TD Long Term Backtested Returns
TD Long Term retains Efficiency (Sharpe Ratio) of -0.0149, which indicates the etf had a -0.0149% return per unit of price deviation over the last 3 months. TD Long exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TD Long's Risk Adjusted Performance of 0.0042, mean deviation of 0.601, and Downside Deviation of 0.734 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.025, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TD Long's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Long is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
TD Long Term has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TD Long time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Long Term price movement. The serial correlation of -0.76 indicates that around 76.0% of current TD Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 14.91 |
TD Long Term lagged returns against current returns
Autocorrelation, which is TD Long 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 Long's etf expected returns. We can calculate the autocorrelation of TD Long returns to help us make a trade decision. For example, suppose you find that TD Long 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 Long 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 Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Long etf over time.
Current vs Lagged Prices |
| Timeline |
TD Long Lagged Returns
When evaluating TD Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Long etf have on its future price. TD Long 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 Long autocorrelation shows the relationship between TD Long etf current value and its past values and can show if there is a momentum factor associated with investing in TD Long Term.
Regressed Prices |
| Timeline |
Pair Trading with TD Long
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 Long 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 Long will appreciate offsetting losses from the drop in the long position's value.Moving together with TULB Etf
Moving against TULB Etf
| 0.71 | VFV | Vanguard SP 500 | PairCorr |
| 0.7 | ZSP | BMO SP 500 | PairCorr |
| 0.69 | XFR | iShares Floating Rate | PairCorr |
| 0.67 | XSP | iShares Core SP | PairCorr |
| 0.66 | XIC | iShares Core SPTSX | PairCorr |
The ability to find closely correlated positions to TD Long 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 Long 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 Long - 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 Long Term to buy it.
The correlation of TD Long 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 Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Long Term 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 Long 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 TULB Etf
TD Long financial ratios help investors to determine whether TULB 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 TULB with respect to the benefits of owning TD Long security.