Td Dividend Growth Fund Current Valuation
| 0P00016N6E | CAD 18.62 0.08 0.43% |
Valuation analysis of TD Dividend Growth helps investors to measure TD Dividend's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that TD Dividend's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. TD Dividend Growth owns a latest Real Value of C$18.56 per share. The recent price of the fund is C$18.62. We determine the value of TD Dividend Growth from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend taking in undervalued funds and trading overvalued funds since, sooner or later, fund prices and their ongoing real values will merge together.
Since TD Dividend is currently traded on the exchange, buyers and sellers on that exchange determine the market value of 0P00016N6E Fund. However, TD Dividend's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 18.62 | Real 18.56 | Hype 17.6 | Naive 18.63 |
The real value of 0P00016N6E Fund, also known as its intrinsic value, is the underlying worth of TD Dividend Growth Fund, which is reflected in its stock price. It is based on TD Dividend's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of TD Dividend's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of TD Dividend Growth helps investors to forecast how 0P00016N6E fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of TD Dividend more accurately as focusing exclusively on TD Dividend's fundamentals will not take into account other important factors: TD Dividend Growth Fund Current Valuation Analysis
TD Dividend's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, TD Dividend Growth has a Current Valuation of 0.0. This indicator is about the same for the TD Asset Management Inc average (which is currently at 0.0) family and about the same as Canadian Dividend and Income Equity (which currently averages 0.0) category. This indicator is about the same for all Canada funds average (which is currently at 0.0).
Did you try this?
Run Portfolio Optimization Now
Portfolio OptimizationCompute new portfolio that will generate highest expected return given your specified tolerance for risk |
| All Next | Launch Module |
Fund Asset Allocation for TD Dividend
The fund consists of 98.37% investments in stocks, with the rest of investments allocated between different money market instruments and various exotic instruments.Asset allocation divides TD Dividend'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.
0P00016N6E Fundamentals
| Total Asset | 4.97 B | |||
| One Year Return | (15.42) % | |||
| Three Year Return | (1.69) % | |||
| Net Asset | 4.97 B | |||
| Minimum Initial Investment | 100 | |||
| Cash Position Weight | 1.37 % | |||
| Equity Positions Weight | 98.37 % |
About TD Dividend Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TD Dividend Growth's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TD Dividend using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TD Dividend Growth 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.
Pair Trading with TD Dividend
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 Dividend 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 Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P00016N6E Fund
| 0.66 | 0P000077FS | RBC Canadian Equity | PairCorr |
| 0.74 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.76 | 0P00007069 | RBC Portefeuille | PairCorr |
The ability to find closely correlated positions to TD Dividend 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 Dividend 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 Dividend - 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 Dividend Growth to buy it.
The correlation of TD Dividend 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 Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Dividend Growth 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 Dividend 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 0P00016N6E Fund
TD Dividend financial ratios help investors to determine whether 0P00016N6E 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 0P00016N6E with respect to the benefits of owning TD Dividend security.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |