Td Revenu Mensuel Fund Market Value
| 0P000071LQ | CAD 25.64 0.11 0.43% |
| Symbol | 0P000071LQ |
TD Revenu 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TD Revenu's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TD Revenu.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in TD Revenu on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding TD Revenu mensuel or generate 0.0% return on investment in TD Revenu over 360 days. TD Revenu is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. The fundamental investment objective is to seek to provide a consistent level of monthly income with capital appreciatio... More
TD Revenu Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TD Revenu's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TD Revenu mensuel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2946 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.558 |
TD Revenu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Revenu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Revenu's standard deviation. In reality, there are many statistical measures that can use TD Revenu historical prices to predict the future TD Revenu's volatility.| Risk Adjusted Performance | 0.1742 | |||
| Jensen Alpha | 0.055 | |||
| Total Risk Alpha | 0.0267 | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.4696 |
TD Revenu mensuel Backtested Returns
At this point, TD Revenu is very steady. TD Revenu mensuel retains Efficiency (Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for TD Revenu, which you can use to evaluate the volatility of the fund. Please validate TD Revenu's Risk Adjusted Performance of 0.1742, mean deviation of 0.2534, and Coefficient Of Variation of 387.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0399%. The entity owns a Beta (Systematic Risk) of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TD Revenu's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Revenu is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
TD Revenu mensuel has good predictability. Overlapping area represents the amount of predictability between TD Revenu time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TD Revenu mensuel price movement. The serial correlation of 0.77 indicates that around 77.0% of current TD Revenu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
TD Revenu mensuel lagged returns against current returns
Autocorrelation, which is TD Revenu fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TD Revenu's fund expected returns. We can calculate the autocorrelation of TD Revenu returns to help us make a trade decision. For example, suppose you find that TD Revenu has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TD Revenu regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TD Revenu fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Revenu fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Revenu fund over time.
Current vs Lagged Prices |
| Timeline |
TD Revenu Lagged Returns
When evaluating TD Revenu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Revenu fund have on its future price. TD Revenu autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TD Revenu autocorrelation shows the relationship between TD Revenu fund current value and its past values and can show if there is a momentum factor associated with investing in TD Revenu mensuel.
Regressed Prices |
| Timeline |
Pair Trading with TD Revenu
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 Revenu 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 Revenu will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P000071LQ Fund
| 0.89 | 0P0000733H | RBC Global Technology | PairCorr |
| 0.93 | 0P000070HA | CI Global Alpha | PairCorr |
| 0.88 | 0P00007138 | RBC sciences biologiques | PairCorr |
| 0.87 | 0P000070JI | Fidelity Technology | PairCorr |
The ability to find closely correlated positions to TD Revenu 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 Revenu 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 Revenu - 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 Revenu mensuel to buy it.
The correlation of TD Revenu 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 Revenu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Revenu mensuel 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 Revenu 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 0P000071LQ Fund
TD Revenu financial ratios help investors to determine whether 0P000071LQ 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 0P000071LQ with respect to the benefits of owning TD Revenu security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |