TD Monthly Financial Statements From 2010 to 2024
| 0P00016N5D | CAD 14.15 0.07 0.50% |
Check TD Monthly financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TD Monthly's main balance sheet or income statement drivers, such as , as well as many indicators such as . 0P00016N5D financial statements analysis is a perfect complement when working with TD Monthly Valuation or Volatility modules.
0P00016N5D |
TD Monthly Income Fund Cash Position Weight Analysis
TD Monthly's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Current TD Monthly Cash Position Weight | 8.66 % |
Most of TD Monthly's fundamental indicators, such as Cash Position Weight, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TD Monthly Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
| Competition |
In accordance with the recently published financial statements, TD Monthly Income has 8.66% in Cash Position Weight. This is much higher than that of the TD Asset Management Inc family and significantly higher than that of the Canadian Neutral Balanced category. The cash position weight for all Canada funds is notably lower than that of the firm.
TD Monthly Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining TD Monthly's current stock value. Our valuation model uses many indicators to compare TD Monthly value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across TD Monthly competition to find correlations between indicators driving TD Monthly's intrinsic value. More Info.TD Monthly Income is the top fund in one year return among similar funds. It also is the top fund in three year return among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value TD Monthly by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TD Monthly's Fund. 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.About TD Monthly Financial Statements
TD Monthly stakeholders use historical fundamental indicators, such as TD Monthly's revenue or net income, to determine how well the company is positioned to perform in the future. Although TD Monthly investors may analyze each financial statement separately, they are all interrelated. For example, changes in TD Monthly's assets and liabilities are reflected in the revenues and expenses on TD Monthly's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in TD Monthly Income. Please read more on our technical analysis and fundamental analysis pages.
The fundamental investment objective is to seek to provide a consistent level of monthly income with capital appreciation as a secondary objective, by investing primarily in income producing securities. TD Monthly is traded on Toronto Stock Exchange in Canada.
Pair Trading with TD Monthly
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 Monthly 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 Monthly will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P00016N5D Fund
| 0.89 | 0P000071LQ | TD Revenu mensuel | PairCorr |
| 0.87 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.91 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.85 | 0P00007138 | RBC sciences biologiques | PairCorr |
The ability to find closely correlated positions to TD Monthly 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 Monthly 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 Monthly - 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 Monthly Income to buy it.
The correlation of TD Monthly 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 Monthly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Monthly Income 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 Monthly 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 0P00016N5D Fund
TD Monthly financial ratios help investors to determine whether 0P00016N5D Fund 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 0P00016N5D with respect to the benefits of owning TD Monthly security.
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