TD Q Beta vs. Net Asset
| TQSM Etf | CAD 26.79 0.22 0.81% |
For TD Q profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TD Q to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TD Q Small Mid Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TD Q's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TD Q Small Mid Cap over time as well as its relative position and ranking within its peers.
TQSM |
TD Q Small Net Asset vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TD Q's current stock value. Our valuation model uses many indicators to compare TD Q value to that of its competitors to determine the firm's financial worth. TD Q Small Mid Cap is rated fourth largest ETF in beta as compared to similar ETFs. It is rated fifth largest ETF in net asset as compared to similar ETFs making up about 6,632,911 of Net Asset per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value TD Q by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TD Q's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.TQSM Net Asset vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
TD Q |
| = | 0.79 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
TD Q |
| = | 5.24 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
TQSM Net Asset Comparison
TD Q is currently under evaluation in net asset as compared to similar ETFs.
Beta Analysis
As returns on the market increase, TD Q's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Q is expected to be smaller as well.
TD Q Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TD Q, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TD Q will eventually generate negative long term returns. The profitability progress is the general direction of TD Q's change in net profit over the period of time. It can combine multiple indicators of TD Q, 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.
Small-Mid-Cap Equity ETF seeks to achieve long-term capital growth by using a quantitative approach to security selection to invest primarily in, or gain exposure to, equity securities of small or medium-sized issuers located in the United States TD Q is traded on Toronto Stock Exchange in Canada.
TQSM Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TD Q. 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 TD Q 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 TD Q's important profitability drivers and their relationship over time.
Use TD Q 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 TD Q 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 Q will appreciate offsetting losses from the drop in the long position's value.TD Q Pair Trading
TD Q Small Mid Cap Pair Trading Analysis
The ability to find closely correlated positions to TD Q 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 Q 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 Q - 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 Q Small Mid Cap to buy it.
The correlation of TD Q 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 Q moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Q Small 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 Q 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 TD Q position
In addition to having TD Q 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 Real Estate Thematic Idea Now
Real Estate
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate theme has 61 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 Real Estate Theme or any other thematic opportunities.
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Other Information on Investing in TQSM Etf
To fully project TD Q's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TD Q Small 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 TD Q's income statement, its balance sheet, and the statement of cash flows.