TD Active Beta vs. One Year Return
| TPRF Etf | CAD 10.90 0.04 0.37% |
For TD Active profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TD Active to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TD Active Preferred utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TD Active's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TD Active Preferred over time as well as its relative position and ranking within its peers.
TPRF |
TD Active Preferred One Year Return vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TD Active's current stock value. Our valuation model uses many indicators to compare TD Active value to that of its competitors to determine the firm's financial worth. TD Active Preferred is presently regarded as number one ETF in beta as compared to similar ETFs. It also is presently regarded as number one ETF in one year return as compared to similar ETFs reporting about 26.35 of One Year Return per Beta. Comparative valuation analysis is a catch-all model that can be used if you cannot value TD Active by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TD Active's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.TPRF One Year Return vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
TD Active |
| = | 1.04 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
TD Active |
| = | 27.40 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
TPRF One Year Return Comparison
TD Active is currently under evaluation in one year return as compared to similar ETFs.
Beta Analysis
TD Active returns are very sensitive to returns on the market. As the market goes up or down, TD Active is expected to follow.
TD Active Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TD Active, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TD Active will eventually generate negative long term returns. The profitability progress is the general direction of TD Active's change in net profit over the period of time. It can combine multiple indicators of TD Active, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
TD Active Preferred Share ETF seeks to earn a high level of income by investing primarily in Canadian listed preferred shares and to seek to add value or reduce risk by investing in other income-producing securities. TD ACTIVE is traded on Toronto Stock Exchange in Canada.
TPRF Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TD Active. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of TD Active position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the TD Active's important profitability drivers and their relationship over time.
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| Net Asset vs One Year Return |
Use TD Active in pair-trading
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.TD Active Pair Trading
TD Active Preferred Pair Trading Analysis
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.Use Investing Themes to Complement your TD Active position
In addition to having TD Active in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 99 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold and Gold Mining Theme or any other thematic opportunities.
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Other Information on Investing in TPRF Etf
To fully project TD Active's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TD Active Preferred at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include TD Active's income statement, its balance sheet, and the statement of cash flows.