Teck Resources Limited Stock Market Value
| TECK-B Stock | CAD 64.94 0.46 0.71% |
| Symbol | Teck |
Teck Resources Price To Book Ratio
Teck Resources '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 Teck Resources' stock 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 Teck Resources.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Teck Resources on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Teck Resources Limited or generate 0.0% return on investment in Teck Resources over 60 days. Teck Resources is related to or competes with First Quantum, Nutrien, Lundin Mining, Wheaton Precious, and HudBay Minerals. Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Ameri... More
Teck Resources 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 Teck Resources' stock 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 Teck Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0065 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.46 |
Teck Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teck Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teck Resources' standard deviation. In reality, there are many statistical measures that can use Teck Resources historical prices to predict the future Teck Resources' volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.0464 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 0.1796 |
Teck Resources Backtested Returns
At this point, Teck Resources is very steady. Teck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0341, which indicates the firm had a 0.0341% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Teck Resources Limited, which you can use to evaluate the volatility of the company. Please validate Teck Resources' Risk Adjusted Performance of 0.0548, semi deviation of 1.97, and Coefficient Of Variation of 1496.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0705%. Teck Resources has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teck Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Teck Resources is expected to be smaller as well. Teck Resources right now has a risk of 2.07%. Please validate Teck Resources information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Teck Resources will be following its existing price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
Teck Resources Limited has good reverse predictability. Overlapping area represents the amount of predictability between Teck Resources 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 Teck Resources price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Teck Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Teck Resources lagged returns against current returns
Autocorrelation, which is Teck Resources stock'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 Teck Resources' stock expected returns. We can calculate the autocorrelation of Teck Resources returns to help us make a trade decision. For example, suppose you find that Teck Resources has exhibited high autocorrelation historically, and you observe that the stock 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 |
Teck Resources 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 Teck Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teck Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teck Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Teck Resources Lagged Returns
When evaluating Teck Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teck Resources stock have on its future price. Teck Resources 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, Teck Resources autocorrelation shows the relationship between Teck Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Teck Resources Limited.
Regressed Prices |
| Timeline |
Pair Trading with Teck Resources
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 Teck Resources 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 Teck Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Teck Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teck Resources 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 Teck Resources - 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 Teck Resources Limited to buy it.
The correlation of Teck Resources 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 Teck Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teck Resources 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 Teck Resources 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 Teck Stock
Teck Resources financial ratios help investors to determine whether Teck Stock 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 Teck with respect to the benefits of owning Teck Resources security.