Td Comfort Balanced Fund Market Value
| 0P0001FAU8 | CAD 13.19 0.08 0.61% |
| Symbol | 0P0001FAU8 |
TD Comfort '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 Comfort'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 Comfort.
| 06/06/2024 |
| 12/03/2024 |
If you would invest 0.00 in TD Comfort on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding TD Comfort Balanced or generate 0.0% return on investment in TD Comfort over 180 days. TD Comfort is related to or competes with Global Healthcare, CI Global, and Mawer Canadien. The fundamental investment objective is to seek to generate interest andor dividend income while also providing the oppo... More
TD Comfort 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 Comfort'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 Comfort Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2791 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.6102 |
TD Comfort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Comfort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Comfort's standard deviation. In reality, there are many statistical measures that can use TD Comfort historical prices to predict the future TD Comfort's volatility.| Risk Adjusted Performance | 0.14 | |||
| Jensen Alpha | 0.0326 | |||
| Total Risk Alpha | 0.0061 | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.3255 |
TD Comfort Balanced Backtested Returns
At this point, TD Comfort is very steady. TD Comfort Balanced retains Efficiency (Sharpe Ratio) of 0.22, which indicates the fund had a 0.22% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for TD Comfort, which you can use to evaluate the volatility of the fund. Please validate TD Comfort's Risk Adjusted Performance of 0.14, mean deviation of 0.2358, and Downside Deviation of 0.2791 to confirm if the risk estimate we provide is consistent with the expected return of 0.0643%. 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 Comfort's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Comfort is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
TD Comfort Balanced has good predictability. Overlapping area represents the amount of predictability between TD Comfort time series from 6th of June 2024 to 4th of September 2024 and 4th of September 2024 to 3rd 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 Comfort Balanced price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current TD Comfort price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TD Comfort Balanced lagged returns against current returns
Autocorrelation, which is TD Comfort 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 Comfort's fund expected returns. We can calculate the autocorrelation of TD Comfort returns to help us make a trade decision. For example, suppose you find that TD Comfort 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 Comfort 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 Comfort fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Comfort fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Comfort fund over time.
Current vs Lagged Prices |
| Timeline |
TD Comfort Lagged Returns
When evaluating TD Comfort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Comfort fund have on its future price. TD Comfort 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 Comfort autocorrelation shows the relationship between TD Comfort fund current value and its past values and can show if there is a momentum factor associated with investing in TD Comfort Balanced.
Regressed Prices |
| Timeline |
Pair Trading with TD Comfort
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 Comfort 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 Comfort will appreciate offsetting losses from the drop in the long position's value.Moving together with 0P0001FAU8 Fund
| 0.93 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.93 | 0P0000714D | Mawer Balanced | PairCorr |
| 0.93 | 0P0000YSHA | Desjardins Melodia | PairCorr |
| 0.91 | 0P00007069 | RBC Portefeuille | PairCorr |
The ability to find closely correlated positions to TD Comfort 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 Comfort 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 Comfort - 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 Comfort Balanced to buy it.
The correlation of TD Comfort 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 Comfort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Comfort Balanced 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 Comfort 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 0P0001FAU8 Fund
TD Comfort financial ratios help investors to determine whether 0P0001FAU8 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 0P0001FAU8 with respect to the benefits of owning TD Comfort security.
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