Toronto Stock Buy Hold or Sell Recommendation

TD
 Stock
  

USD 68.41  0.01  0.0146%   

Allowing for the 90-day total investment horizon and your highly speculative risk level, our recommendation regarding Toronto Dominion Bank is 'Strong Buy'. Macroaxis provides Toronto Dominion buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TD positions. The advice algorithm takes into account all of Toronto Dominion's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Toronto Dominion's buy-and-hold perspective. Additionally, take a look at Toronto Dominion Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Toronto and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Toronto Dominion Bank.

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.

Time Horizon

Risk Tolerance

Execute Advice
Sell Toronto DominionBuy Toronto Dominion
Strong Buy

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

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Analyst Consensus

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Reporting Quality (M-Score)

Details
For the selected time horizon Toronto Dominion Bank has a Risk Adjusted Performance of (0.022018), Jensen Alpha of (0.11), Total Risk Alpha of (0.14) and Treynor Ratio of (0.044718)
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 book value per share, and the relationship between the net income and number of employees . Given that Toronto Dominion Bank has a number of shares shorted of 45.33 M, 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 generated a negative expected return over the last 90 days
Toronto Dominion Bank reports about 543.25 B in cash with (16.51 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 301.15.
Roughly 55.0% of the company shares are owned by institutional investors
Latest headline from www.defenseworld.net: Toronto Dominion Bank Has 7.85 Million Stock Holdings in TransUnion - Defense World

Toronto Dominion current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Toronto analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Toronto analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price83.21
Target Median Price83.08
Target High Price84.26
Recommendation Mean2.80
Number Of Analyst Opinions4
Target Low Price82.42
Average Consensus Hold
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

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.
Mean Return-0.03Value At Risk-2.99
Potential Upside2.09Standard Deviation1.57
   Return Density   
       Distribution  
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 originate 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.
Security TypeSharesValue
Royal Bank Of CanadaCommon Shares151.2 M9.9 B
Bank Of MontrealCommon Shares78.9 M5.3 B
Vanguard Group IncCommon Shares65 M4.3 B
Capital Research Global InvestorsCommon Shares41.6 M2.7 B
Td Asset Management IncCommon Shares36.3 M2.4 B
Capital World InvestorsCommon Shares33.7 M2.2 B
Bank Of America CorpCommon Shares33.3 M2.2 B
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 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 Financial Services 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.
α
Alpha over DOW
-0.11
β
Beta against DOW0.91
σ
Overall volatility
1.58
Ir
Information ratio -0.08

Toronto Dominion Volatility Alert

Toronto Dominion Bank exhibits very low volatility with skewness of -0.23 and kurtosis of -0.08. However, we advise investors to further study Toronto Dominion Bank technical indicators to ensure that all market info is available and is reliable. 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" href="/stock-options/TD/Toronto-Dominion-Bank">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" href="/stock-options/TD/Toronto-Dominion-Bank">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" href="/stock-options/TD/Toronto-Dominion-Bank">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.
    
 Better Than Average     
    
 Worse Than Average Compare Toronto Dominion to competition
FundamentalsToronto DominionPeer Average
Return On Equity15.34 %(0.31) %
Return On Asset0.85 %(0.14) %
Profit Margin33.77 %(1.27) %
Current Valuation(63.53 B)16.62 B
Shares Outstanding1.82 B571.82 M
Shares Owned by Insiders0.10 %10.09 %
Shares Owned by Institutions55.43 %39.21 %
Number of Shares Shorted45.33 M4.71 M
Price to Earning11.15 X28.72 X
Price to Book1.31 X9.51 X
Price to Sales2.79 X11.42 X
Revenue44.03 B9.43 B
Gross Profit42.92 B27.38 B
Net Income14.64 B570.98 M
Cash and Equivalents543.25 B2.7 B
Cash per Share301.15 X5.01 X
Total Debt357.73 B5.32 B
Debt to Equity15.20 %48.70 %
Book Value Per Share51.66 X1.93 K
Cash Flow from Operations(16.51 B)971.22 M
Short Ratio19.63 X4.00 X
Earnings Per Share6.05 X3.12 X
Price to Earnings To Growth1.94 X4.89 X
Number of Employees91.99 K18.84 K
Beta0.91-0.15
Market Capitalization123.02 B19.03 B
Total Asset1176.97 B29.47 B
Retained Earnings35.45 B9.33 B
Five Year Return3.81 %
Last Dividend Paid2.75

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.
Accumulation Distribution9201.2
Daily Balance Of Power0.0227
Rate Of Daily Change1.0
Day Median Price68.46
Day Typical Price68.44
Price Action Indicator(0.045)

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.

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Additionally, take a look at Toronto Dominion Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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.
Quarterly Earnings Growth YOY
0.04
Market Capitalization
123.4 B
Quarterly Revenue Growth YOY
0.038
Return On Assets
0.0085
Return On Equity
0.15
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 Toronto Dominion value 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.