Toronto-Dominion Cash Per Share vs. Return On Asset
| TDB Stock | EUR 53.09 0.12 0.23% |
For Toronto-Dominion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Toronto-Dominion to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Toronto Dominion Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Toronto-Dominion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Toronto Dominion Bank over time as well as its relative position and ranking within its peers.
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Toronto Dominion Return On Asset vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Toronto-Dominion's current stock value. Our valuation model uses many indicators to compare Toronto-Dominion value to that of its competitors to determine the firm's financial worth. The Toronto Dominion Bank is currently regarded as top stock in cash per share category among its peers. It also is currently regarded as top stock in return on asset category among its peers . The ratio of Cash Per Share to Return On Asset for The Toronto Dominion Bank is about 30,756 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Toronto-Dominion's earnings, one of the primary drivers of an investment's value.Toronto-Dominion Return On Asset vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 295.26 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | 0.0096 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Toronto-Dominion Return On Asset Comparison
Toronto Dominion is currently under evaluation in return on asset category among its peers.
Toronto-Dominion Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Toronto-Dominion, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Toronto-Dominion will eventually generate negative long term returns. The profitability progress is the general direction of Toronto-Dominion's change in net profit over the period of time. It can combine multiple indicators of Toronto-Dominion, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada. TORONTO DOMINION operates under BanksDiversified classification in Germany and is traded on Frankfurt Stock Exchange. It employs 90000 people.
Toronto-Dominion Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Toronto-Dominion. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Toronto-Dominion position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Toronto-Dominion's important profitability drivers and their relationship over time.
Use Toronto-Dominion in pair-trading
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.Toronto-Dominion Pair Trading
The Toronto Dominion Bank Pair Trading Analysis
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 The 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 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.Use Investing Themes to Complement your Toronto-Dominion position
In addition to having Toronto-Dominion in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Outsourcing Thematic Idea Now
Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
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Other Information on Investing in Toronto-Dominion Stock
To fully project Toronto-Dominion's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Toronto Dominion at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Toronto-Dominion's income statement, its balance sheet, and the statement of cash flows.