Toronto Dominion Bank Stock Alpha and Beta Analysis
| TD Stock | CAD 78.11 0.12 0.15% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Toronto Dominion Bank. It also helps investors analyze the systematic and unsystematic risks associated with investing in Toronto Dominion over a specified time horizon. Remember, high Toronto Dominion's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Toronto Dominion's market risk premium analysis include:
Beta (0) | Alpha (0.04) | Risk 1.17 | Sharpe Ratio (0.01) | Expected Return (0.01) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Toronto |
Toronto Dominion Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Toronto Dominion market risk premium is the additional return an investor will receive from holding Toronto Dominion long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Toronto Dominion. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Toronto Dominion's performance over market.| α | -0.04 | β | -0.0048 |
Toronto Dominion expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Toronto Dominion's Buy-and-hold return. Our buy-and-hold chart shows how Toronto Dominion performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Toronto Dominion Market Price Analysis
Market price analysis indicators help investors to evaluate how Toronto Dominion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Toronto Dominion shares will generate the highest return on investment. By understating and applying Toronto Dominion stock market price indicators, traders can identify Toronto Dominion position entry and exit signals to maximize returns.
Toronto Dominion Return and Market Media
The median price of Toronto Dominion for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 79.28 with a coefficient of variation of 3.73. The daily time series for the period is distributed with a sample standard deviation of 3.01, arithmetic mean of 80.75, and mean deviation of 2.68. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | The Toronto-Dominion Bank Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp - MarketBeat | 09/24/2024 |
2 | Is Toronto-Dominion Bank the Best Dividend Stock in Canadian Banking - Insider Monkey | 10/04/2024 |
3 | The Toronto-Dominion Bank Shares Acquired by Connor Clark Lunn Investment Management Ltd. - MarketBeat | 11/20/2024 |
About Toronto Dominion Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Toronto or other stocks. Alpha measures the amount that position in Toronto Dominion Bank has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0422 | 0.0413 | 0.0371 | 0.0255 | Price To Sales Ratio | 3.45 | 2.67 | 2.4 | 2.46 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Toronto Dominion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Toronto Dominion's short interest history, or implied volatility extrapolated from Toronto Dominion options trading.
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Check out Toronto Dominion Backtesting, Toronto Dominion Valuation, Toronto Dominion Correlation, Toronto Dominion Hype Analysis, Toronto Dominion Volatility, Toronto Dominion History and analyze Toronto Dominion Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Toronto Dominion technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.