Td Active Preferred Etf Current Valuation
| TPRF Etf | CAD 10.94 0.05 0.46% |
Valuation analysis of TD Active Preferred helps investors to measure TD Active'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 Active's price fluctuation is very steady at this time. Calculation of the real value of TD Active Preferred is based on 3 months time horizon. Increasing TD Active's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since TD Active is currently traded on the exchange, buyers and sellers on that exchange determine the market value of TPRF Etf. However, TD Active'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 10.94 | Real 10.9 | Hype 10.94 | Naive 11.05 |
The intrinsic value of TD Active'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, news, and other external factors that may influence TD Active's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of TD Active Preferred helps investors to forecast how TPRF etf'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 Active more accurately as focusing exclusively on TD Active's fundamentals will not take into account other important factors: TD Active Preferred ETF Current Valuation Analysis
TD Active'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 Active Preferred has a Current Valuation 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).
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TPRF Fundamentals
| Beta | 1.04 | |||
| Total Asset | 61.92 M | |||
| Annual Yield | 0.05 % | |||
| One Year Return | 27.40 % | |||
| Three Year Return | 4.20 % | |||
| 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
| 0.66 | ZPR | BMO Laddered Preferred | PairCorr |
| 0.7 | HPR | Global X Active | PairCorr |
| 0.84 | CPD | iShares SPTSX Canadian | PairCorr |
| 0.61 | RPF | RBC Canadian Preferred | PairCorr |
| 0.88 | 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.