Td Active Preferred Etf Bond Positions Weight
| TPRF Etf | CAD 10.97 0.04 0.37% |
TD Active Preferred fundamentals help investors to digest information that contributes to TD Active's financial success or failures. It also enables traders to predict the movement of TPRF Etf. The fundamental analysis module provides a way to measure TD Active'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 Active etf.
TPRF |
TD Active Preferred ETF Bond Positions Weight Analysis
TD Active's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
| Competition |
In accordance with the recently published financial statements, TD Active Preferred has a Bond Positions Weight of 0.0%. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at 0.0) family and about the same as Preferred Share Fixed Income (which currently averages 0.0) category. This indicator is about the same for all Canada etfs average (which is currently at 0.0).
TPRF Bond Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TD Active's direct or indirect competition against its Bond Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of TD Active could also be used in its relative valuation, which is a method of valuing TD Active by comparing valuation metrics of similar companies.TD Active is currently under evaluation in bond positions weight as compared to similar ETFs.
TPRF Fundamentals
| Beta | 1.04 | |||
| Total Asset | 61.92 M | |||
| Annual Yield | 0.05 % | |||
| One Year Return | 28.10 % | |||
| Three Year Return | 4.60 % | |||
| Five Year Return | 10.00 % | |||
| Net Asset | 61.92 M |
About TD Active Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TD Active Preferred's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TD Active using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TD Active Preferred based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 Active
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 Active 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 Active will appreciate offsetting losses from the drop in the long position's value.Moving together with TPRF Etf
| 0.8 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.82 | HPR | Global X Active | PairCorr |
| 0.9 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.77 | RPF | RBC Canadian Preferred | PairCorr |
| 0.92 | DXP | Dynamic Active Preferred | PairCorr |
The ability to find closely correlated positions to TD Active 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 Active 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 Active - 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 Active Preferred to buy it.
The correlation of TD Active 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 Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Active Preferred 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 Active 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 TPRF Etf
TD Active financial ratios help investors to determine whether TPRF Etf 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 TPRF with respect to the benefits of owning TD Active security.