Td International Equity Etf Market Value
| TPE Etf | CAD 22.94 0.09 0.39% |
| Symbol | TPE |
TD International '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 International'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 International.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in TD International on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding TD International Equity or generate 0.0% return on investment in TD International over 60 days. TD International is related to or competes with IShares Core, Vanguard FTSE, IShares MSCI, BMO MSCI, Wealthsimple Developed, BMO Low, and Vanguard FTSE. The ETF seeks to track, to the extent reasonably possible and before the deduction of fees and expenses, the performance... More
TD International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6937 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9358 |
TD International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TD International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TD International's standard deviation. In reality, there are many statistical measures that can use TD International historical prices to predict the future TD International's volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.196 |
TD International Equity Backtested Returns
As of now, TPE Etf is very steady. TD International Equity retains Efficiency (Sharpe Ratio) of 0.0398, which indicates the etf had a 0.0398% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for TD International, which you can use to evaluate the volatility of the etf. Please validate TD International's Mean Deviation of 0.5305, downside deviation of 0.6937, and Risk Adjusted Performance of 0.0577 to confirm if the risk estimate we provide is consistent with the expected return of 0.0278%. The entity owns a Beta (Systematic Risk) of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TD International's returns are expected to increase less than the market. However, during the bear market, the loss of holding TD International is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
TD International Equity has good reverse predictability. Overlapping area represents the amount of predictability between TD International time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 International Equity price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current TD International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
TD International Equity lagged returns against current returns
Autocorrelation, which is TD International 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 International's etf expected returns. We can calculate the autocorrelation of TD International returns to help us make a trade decision. For example, suppose you find that TD International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TD International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TD International etf over time.
Current vs Lagged Prices |
| Timeline |
TD International Lagged Returns
When evaluating TD International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TD International etf have on its future price. TD International 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 International autocorrelation shows the relationship between TD International etf current value and its past values and can show if there is a momentum factor associated with investing in TD International Equity.
Regressed Prices |
| Timeline |
Pair Trading with TD International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.Moving together with TPE Etf
| 1.0 | XEF | iShares Core MSCI | PairCorr |
| 0.99 | ZEA | BMO MSCI EAFE | PairCorr |
| 0.99 | VIU | Vanguard FTSE Developed | PairCorr |
| 0.78 | XIN | iShares MSCI EAFE | PairCorr |
| 0.75 | XFH | iShares Core MSCI | PairCorr |
Moving against TPE Etf
| 0.39 | CALL | Evolve Banks Enhanced | PairCorr |
| 0.31 | FTN | Financial 15 Split | PairCorr |
| 0.31 | GDV | Global Dividend Growth | PairCorr |
The ability to find closely correlated positions to TD International 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 International 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 International - 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 International Equity to buy it.
The correlation of TD International 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 International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD International Equity 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 International 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 TPE Etf
TD International financial ratios help investors to determine whether TPE 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 TPE with respect to the benefits of owning TD International security.