PCJ Investment Counsel Ltd. Sells 20,350 Shares of Teck Resources Limited - MarketBeat
| TECK-B Stock | CAD 64.94 0.46 0.71% |
About 52% of Teck Resources' investor base is interested to short. The current sentiment regarding investing in Teck Resources Limited stock implies that many traders are impartial. The current market sentiment, together with Teck Resources' historical and current headlines, can help investors time the market. In addition, many technical investors use Teck Resources stock news signals to limit their universe of possible portfolio assets.
Teck |
PCJ Investment Counsel Ltd. Sells 20,350 Shares of Teck Resources Limited MarketBeat
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Teck Resources Fundamental Analysis
We analyze Teck Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Teck Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Teck Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Teck Resources is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Teck Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Teck Resources stock to make a market-neutral strategy. Peer analysis of Teck Resources could also be used in its relative valuation, which is a method of valuing Teck Resources by comparing valuation metrics with similar companies.
Peers
Teck Resources Related Equities
| WPM | Wheaton Precious | 3.62 | ||||
| HBM | HudBay Minerals | 2.33 | ||||
| FM | First Quantum | 0.25 | ||||
| NTR | Nutrien | 1.44 | ||||
| LUN | Lundin Mining | 2.33 |
Complementary Tools for Teck Stock analysis
When running Teck Resources' price analysis, check to measure Teck Resources' 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 Teck Resources is operating at the current time. Most of Teck Resources' value examination focuses on studying past and present price action to predict the probability of Teck Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teck Resources' price. Additionally, you may evaluate how the addition of Teck Resources to your portfolios can decrease your overall portfolio volatility.
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