Td Monthly Income Fund Fundamentals
| 0P00016N5D | CAD 14.15 0.07 0.50% |
TD Monthly Income fundamentals help investors to digest information that contributes to TD Monthly's financial success or failures. It also enables traders to predict the movement of 0P00016N5D Fund. The fundamental analysis module provides a way to measure TD Monthly's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TD Monthly fund.
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.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
Fund Asset Allocation for TD Monthly
The fund invests 50.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (28.84%) , cash (8.66%) and various exotic instruments.Asset allocation divides TD Monthly's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
0P00016N5D Fundamentals
| Total Asset | 5.36 B | |||
| One Year Return | (8.50) % | |||
| Three Year Return | (0.48) % | |||
| Net Asset | 5.36 B | |||
| Minimum Initial Investment | 100 | |||
| Cash Position Weight | 8.66 % | |||
| Equity Positions Weight | 50.95 % | |||
| Bond Positions Weight | 28.84 % |
About TD Monthly Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TD Monthly Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TD Monthly using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TD Monthly Income based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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
| 0.65 | 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.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |