Tdb Split Corp Stock Market Value
| XTD Stock | CAD 1.98 0.07 3.41% |
| Symbol | TDb |
TDb Split Corp Price To Book Ratio
TDb Split '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 TDb Split's stock 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 TDb Split.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in TDb Split on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding TDb Split Corp or generate 0.0% return on investment in TDb Split over 30 days. TDb Split is related to or competes with Brompton Lifeco, Prime Dividend, Life Banc, Bank of New York, and Dividend Select. TDb Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc More
TDb Split 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 TDb Split's stock 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 TDb Split Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 4.48 |
TDb Split Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TDb Split's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TDb Split's standard deviation. In reality, there are many statistical measures that can use TDb Split historical prices to predict the future TDb Split's volatility.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0226 |
TDb Split Corp Backtested Returns
As of now, TDb Stock is very risky. TDb Split Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0045, which indicates the firm had a 0.0045% return per unit of risk over the last 3 months. We have found thirty technical indicators for TDb Split Corp, which you can use to evaluate the volatility of the company. Please validate TDb Split's Risk Adjusted Performance of 0.0147, semi deviation of 2.99, and Coefficient Of Variation of 10439.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0134%. The entity has a beta of 0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TDb Split's returns are expected to increase less than the market. However, during the bear market, the loss of holding TDb Split is expected to be smaller as well. TDb Split Corp presently has a risk of 2.98%. Please validate TDb Split semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if TDb Split will be following its existing price patterns.
Auto-correlation | 0.23 |
Weak predictability
TDb Split Corp has weak predictability. Overlapping area represents the amount of predictability between TDb Split time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 TDb Split Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current TDb Split price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TDb Split Corp lagged returns against current returns
Autocorrelation, which is TDb Split stock'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 TDb Split's stock expected returns. We can calculate the autocorrelation of TDb Split returns to help us make a trade decision. For example, suppose you find that TDb Split has exhibited high autocorrelation historically, and you observe that the stock 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 |
TDb Split 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 TDb Split stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TDb Split stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TDb Split stock over time.
Current vs Lagged Prices |
| Timeline |
TDb Split Lagged Returns
When evaluating TDb Split's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TDb Split stock have on its future price. TDb Split 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, TDb Split autocorrelation shows the relationship between TDb Split stock current value and its past values and can show if there is a momentum factor associated with investing in TDb Split Corp.
Regressed Prices |
| Timeline |
Pair Trading with TDb Split
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 TDb Split 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 TDb Split will appreciate offsetting losses from the drop in the long position's value.Moving against TDb Stock
The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.
The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split Corp 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 TDb Split 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 TDb Stock
TDb Split financial ratios help investors to determine whether TDb Stock 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 TDb with respect to the benefits of owning TDb Split security.