Teck Historical Financial Ratios
| TECK-B Stock | CAD 64.48 1.85 2.79% |
Teck Resources is promptly reporting on over 97 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 57.22, Invested Capital of 0.0, Operating Cash Flow Per Share of 8.26 or Average Payables of 419.2 M will help investors to properly organize and evaluate Teck Resources financial condition quickly.
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About Teck Financial Ratios Analysis
Teck ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Teck Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Teck financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Teck Resources history.
Teck Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Teck Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Teck Resources sales, a figure that is much harder to manipulate than other Teck Resources Limited multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Teck Resources Limited dividend as a percentage of Teck Resources stock price. Teck Resources dividend yield is a measure of Teck Resources stock productivity, which can be interpreted as interest rate earned on an Teck Resources investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Teck Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Teck Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At present, Teck Resources' Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Dividend Yield is expected to grow to 0.02, whereas Days Sales Outstanding is forecasted to decline to 35.19.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.005466 | 0.0197 | 0.0177 | Price To Sales Ratio | 1.44 | 1.56 | 1.94 |
Teck Resources fundamentals Correlations
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Teck Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Teck Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Teck financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Teck Resources history.