The Toronto-Dominion Bank (FRA:TDB) Momentum Rank : 7 (As of Apr. 26, 2024)

View and export this data going back to . Start your Free Trial

What is The Toronto-Dominion Bank Momentum Rank?

The Toronto-Dominion Bank has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of The Toronto-Dominion Bank's Momentum Rank

For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Toronto-Dominion Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The Toronto-Dominion Bank's Momentum Rank falls into.

The Toronto-Dominion Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of The Toronto-Dominion Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

The Toronto-Dominion Bank (FRA:TDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (FRA:TDB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TD:USA TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

The Toronto-Dominion Bank (FRA:TDB) Headlines

No Headlines