What is Toronto Dominion Buy or Sell 2024 forecast | Stocks: TD - Macroaxis (2024)

Execute Toronto Dominion Buy or Sell Advice

The Toronto recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Toronto Dominion Bank. Macroaxis does not own or have any residual interests in Toronto Dominion Bank or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Toronto Dominion's advice using the current market data and latest reported fundamentals.

Buy

	Market Performance	Insignificant	Details
	Volatility	Very steady	Details
	Hype Condition	Low key	Details
	Current Valuation	Fairly Valued	Details
	Odds Of Distress	Very Small	Details
	Economic Sensitivity	Responds to the market	Details
	Investor Sentiment	Alarmed	Details
	Analyst Consensus	Hold	Details
	Financial Strenth (F Score)	Poor	Details
	Financial Leverage	Inapplicable	Details
	Reporting Quality (M-Score)	Unlikely Manipulator	Details

For the selected time horizon Toronto Dominion Bank has a Risk Adjusted Performance of 0.0502, Jensen Alpha of (0.11), Total Risk Alpha of (0.18), Sortino Ratio of (0.06) and Treynor Ratio of 0.0557

Macroaxis provides unbiased trade recommendation on Toronto Dominion Bank that should be used to complement current analysts and expert consensus on Toronto Dominion Bank. Our advice engine determines the firm's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure Toronto Dominion Bank is not overpriced, please validate all Toronto Dominion fundamentals, including its gross profit, earnings per share, five year return, as well as the relationship between the total debt and market capitalization . Given that Toronto Dominion Bank has a price to earning of 11.50X, we advise you to double-check Toronto Dominion Bank market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your current risk tolerance and investing horizon.

Toronto Dominion Trading Alerts and Improvement Suggestions

Toronto Dominion Returns Distribution Density

The distribution of Toronto Dominion's historical returns is an attempt to chart the uncertainty of Toronto Dominion's future price movements. The chart of the probability distribution of Toronto Dominion stock daily returns describes the distribution of returns around its average expected value. We use Toronto Dominion Bank price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Toronto Dominion returns is essential to provide solid investment advice for Toronto Dominion.

Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Toronto Dominion historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Toronto Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Toronto Dominion is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Toronto Dominion Bank backward and forwards among themselves. Toronto Dominion's institutional investor refers to the entity that pools money to purchase Toronto Dominion's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

Note, although Toronto Dominion's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Toronto Dominion Cash Flow Accounts

Toronto Dominion Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Toronto Dominion or Banks sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Toronto Dominion's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Toronto stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

Toronto Dominion Volatility Alert

Toronto Dominion Bank has relatively low volatility with skewness of 0.19 and kurtosis of 0.78. However, we advise all investors to independently investigate Toronto Dominion Bank to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Toronto Dominion's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Toronto Dominion's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Toronto Dominion Implied Volatility

Toronto Dominion's implied volatility exposes the market's sentiment of Toronto Dominion Bank stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Toronto Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Toronto Dominion stock will not fluctuate a lot when Toronto Dominion's options are near their expiration.

Toronto Dominion Fundamentals Vs Peers

Comparing Toronto Dominion's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Toronto Dominion's direct or indirect competition across all of the common fundamentals between Toronto Dominion and the related equities. This way, we can detect undervalued stocks with similar characteristics as Toronto Dominion or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Toronto Dominion's fundamental indicators could also be used in its relative valuation, which is a method of valuing Toronto Dominion by comparing valuation metrics with those of similar companies.

Toronto Dominion Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Toronto . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Toronto Dominion Buy or Sell Advice

When is the right time to buy or sell Toronto Dominion Bank? Buying financial instruments such as Toronto Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.

Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Toronto Dominion 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.

When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:

Complementary Tools for Toronto Stock analysis

When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.

Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion'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.