Taseko Mines Correlations
| TKO Stock | CAD 2.93 0.01 0.34% |
The current 90-days correlation between Taseko Mines and Imperial Metals is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Taseko Mines Correlation With Market
Good diversification
The correlation between Taseko Mines and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taseko Mines and DJI in the same portfolio, assuming nothing else is changed.
Taseko |
The ability to find closely correlated positions to Taseko Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseko Mines 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 Taseko Mines - 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 Taseko Mines to buy it.
Moving together with Taseko Stock
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Risk-Adjusted Indicators
There is a big difference between Taseko Stock performing well and Taseko Mines Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Taseko Mines' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Be your own money manager
Our tools can tell you how much better you can do entering a position in Taseko Mines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Taseko Mines Corporate Management
Elected by the shareholders, the Taseko Mines' board of directors comprises two types of representatives: Taseko Mines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taseko. The board's role is to monitor Taseko Mines' management team and ensure that shareholders' interests are well served. Taseko Mines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Taseko Mines' outside directors are responsible for providing unbiased perspectives on the board's policies.
| PEng MBA | Chief Officer | Profile | |
| Richard Weymark | Engineering VP | Profile | |
| Sean BA | Vice Affairs | Profile | |
| BBA CPA | Chief Officer | Profile | |
| Terry Morris | Vice Operation | Profile |