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Bullish Case: TD's mean-reverting price action and the recent purchase of diverse equity ETFs indicate a potential for positive re-rating and upward movement.


Bearish Case: TD's implied volatility is high in the near term with backwardation in the term structure, suggesting near-term uncertainty and risk of a price decline.


Potential Outcomes: 70% chance of price stabilization and modest growth in the short term based on recent mean-reverting nature. 30% chance of continued near-term volatility potentially leading to a short-term price drop.


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April 02, 2024


Toronto Dominion Forecast

TD        Toronto Dominion
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with TD



PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.7)


MAN Forecast + Options Trading Strategies   [MAN]  ManpowerGroup (0.69)


PZZA Forecast + Options Trading Strategies   [PZZA]  Papa John's International (0.67)


BERY Forecast + Options Trading Strategies   [BERY]  Berry (0.67)


LGIH Forecast + Options Trading Strategies   [LGIH]  LGI Homes (0.66)



Uncorrelated Stock Forecasts

Assets with little price relationship to TD



RARE Forecast + Options Trading Strategies   [RARE]  Ultragenyx Pharmaceutical (0.0)


LEVI Forecast + Options Trading Strategies   [LEVI]  Levi Strauss (-0.0)


GE Forecast + Options Trading Strategies   [GE]  General Electric (0.0)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (0.0)


BRK.B Forecast + Options Trading Strategies   [BRK.B]  Berkshire Hathaway (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TD



TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.39)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.4)


TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.41)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.43)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.68)





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