Toronto Dominion Bank Stock Market Value
| TD Stock | USD 55.20 0.54 0.99% |
| Symbol | Toronto |
Toronto Dominion Bank Price To Book Ratio
Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.888 | Dividend Share 3.9 | Earnings Share 4.61 | Revenue Per Share 27.824 | Quarterly Revenue Growth 0.104 |
The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Toronto Dominion '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 Toronto Dominion's stock 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 Toronto Dominion.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Toronto Dominion on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Toronto Dominion Bank or generate 0.0% return on investment in Toronto Dominion over 30 days. Toronto Dominion is related to or competes with Bank of Montreal, Canadian Imperial, Bank of Nova Scotia, JPMorgan Chase, Royal Bank, Bank of America, and Citigroup. The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, t... More
Toronto Dominion 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 Toronto Dominion's stock 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 Toronto Dominion Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.47 |
Toronto Dominion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toronto Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toronto Dominion's standard deviation. In reality, there are many statistical measures that can use Toronto Dominion historical prices to predict the future Toronto Dominion's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toronto Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Toronto Dominion Bank Backtested Returns
Toronto Dominion Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0806, which indicates the firm had a -0.0806% return per unit of risk over the last 3 months. Toronto Dominion Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toronto Dominion's Risk Adjusted Performance of (0.06), coefficient of variation of (952.45), and Variance of 1.48 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toronto Dominion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toronto Dominion is expected to be smaller as well. Toronto Dominion Bank has an expected return of -0.0981%. Please make sure to validate Toronto Dominion maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Toronto Dominion Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Toronto Dominion Bank has modest reverse predictability. Overlapping area represents the amount of predictability between Toronto Dominion time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Toronto Dominion Bank price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Toronto Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
Toronto Dominion Bank lagged returns against current returns
Autocorrelation, which is Toronto Dominion stock'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 Toronto Dominion's stock expected returns. We can calculate the autocorrelation of Toronto Dominion returns to help us make a trade decision. For example, suppose you find that Toronto Dominion has exhibited high autocorrelation historically, and you observe that the stock 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 |
Toronto Dominion 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 Toronto Dominion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toronto Dominion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toronto Dominion stock over time.
Current vs Lagged Prices |
| Timeline |
Toronto Dominion Lagged Returns
When evaluating Toronto Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toronto Dominion stock have on its future price. Toronto Dominion 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, Toronto Dominion autocorrelation shows the relationship between Toronto Dominion stock current value and its past values and can show if there is a momentum factor associated with investing in Toronto Dominion Bank.
Regressed Prices |
| Timeline |
Toronto Dominion Investors Sentiment
The influence of Toronto Dominion's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Toronto. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Toronto Dominion's public news can be used to forecast risks associated with an investment in Toronto. The trend in average sentiment can be used to explain how an investor holding Toronto can time the market purely based on public headlines and social activities around Toronto Dominion Bank. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Toronto Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Toronto Dominion's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Toronto Dominion's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Toronto Dominion.
Toronto Dominion Implied Volatility | 25.85 |
Toronto Dominion's implied volatility exposes the market's sentiment of Toronto Dominion Bank stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Toronto Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Toronto Dominion stock will not fluctuate a lot when Toronto Dominion's options are near their expiration.
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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When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:Check out Toronto Dominion Correlation, Toronto Dominion Volatility and Toronto Dominion Alpha and Beta module to complement your research on Toronto Dominion. Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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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.