Td Equity Cad Etf Market Value

THU Etf  CAD 40.43  0.23  0.57%   
TD Equity's market value is the price at which a share of TD Equity trades on a public exchange. It measures the collective expectations of TD Equity CAD investors about its performance. TD Equity is selling at 40.43 as of the 13th of December 2024; that is 0.57 percent decrease since the beginning of the trading day. The etf's open price was 40.66.
With this module, you can estimate the performance of a buy and hold strategy of TD Equity CAD and determine expected loss or profit from investing in TD Equity over a given investment horizon. Check out TD Equity Correlation, TD Equity Volatility and TD Equity Alpha and Beta module to complement your research on TD Equity.
Symbol

Please note, there is a significant difference between TD Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if TD Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TD Equity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

TD Equity '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 Equity's etf 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 Equity.
0.00
12/24/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/13/2024
0.00
If you would invest  0.00  in TD Equity on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TD Equity CAD or generate 0.0% return on investment in TD Equity over 720 days. TD Equity is related to or competes with TD Equity, TD Canadian, TD International, TD International, and TD Canadian. The ETF seeks to track, to the extent reasonably possible and before the deduction of fees and expenses, the performance... More

TD Equity 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 Equity's etf 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 Equity CAD upside and downside potential and time the market with a certain degree of confidence.

TD Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TD Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD Equity's standard deviation. In reality, there are many statistical measures that can use TD Equity historical prices to predict the future TD Equity's volatility.
Hype
Prediction
LowEstimatedHigh
39.7640.4441.12
Details
Intrinsic
Valuation
LowRealHigh
40.4141.0941.77
Details

TD Equity CAD Backtested Returns

As of now, THU Etf is very steady. TD Equity CAD retains Efficiency (Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TD Equity, which you can use to evaluate the volatility of the etf. Please validate TD Equity's Downside Deviation of 0.676, risk adjusted performance of 0.1585, and Mean Deviation of 0.4572 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity owns a Beta (Systematic Risk) of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TD Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD Equity is expected to be smaller as well.

Auto-correlation

    
  0.83  

Very good predictability

TD Equity CAD has very good predictability. Overlapping area represents the amount of predictability between TD Equity time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 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 Equity CAD price movement. The serial correlation of 0.83 indicates that around 83.0% of current TD Equity price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.81
Residual Average0.0
Price Variance6.18

TD Equity CAD lagged returns against current returns

Autocorrelation, which is TD Equity etf'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 Equity's etf expected returns. We can calculate the autocorrelation of TD Equity returns to help us make a trade decision. For example, suppose you find that TD Equity has exhibited high autocorrelation historically, and you observe that the etf 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 Equity 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 Equity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD Equity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD Equity etf over time.
   Current vs Lagged Prices   
       Timeline  

TD Equity Lagged Returns

When evaluating TD Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD Equity etf have on its future price. TD Equity 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 Equity autocorrelation shows the relationship between TD Equity etf current value and its past values and can show if there is a momentum factor associated with investing in TD Equity CAD.
   Regressed Prices   
       Timeline  

Pair Trading with TD Equity

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 Equity 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 Equity will appreciate offsetting losses from the drop in the long position's value.

Moving together with THU Etf

  1.0XSP iShares Core SPPairCorr
  0.98ZSP BMO SP 500PairCorr
  0.98VFV Vanguard SP 500PairCorr
  0.98HXS Global X SPPairCorr
  0.98XUS iShares Core SPPairCorr
The ability to find closely correlated positions to TD Equity 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 Equity 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 Equity - 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 Equity CAD to buy it.
The correlation of TD Equity 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 Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Equity CAD 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 Equity 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in THU Etf

TD Equity financial ratios help investors to determine whether THU 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 THU with respect to the benefits of owning TD Equity security.