Teck Resources (Germany) Market Value
| TEKB Stock | EUR 44.32 0.80 1.84% |
| Symbol | Teck |
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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Teck Resources on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Teck Resources Ltd or generate 0.0% return on investment in Teck Resources over 720 days. Teck Resources is related to or competes with BHP Group, Rio Tinto, Vale SA, Vale SA, Glencore Plc, and ANGLO AMERICAN. 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 Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 4.25 |
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 | 0.0392 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0609 |
Teck Resources Backtested Returns
At this point, Teck Resources is very steady. Teck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0392, which indicates the firm had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Teck Resources Ltd, which you can use to evaluate the volatility of the company. Please validate Teck Resources' Risk Adjusted Performance of 0.0392, semi deviation of 2.4, and Coefficient Of Variation of 2362.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.0949%. Teck Resources has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.52, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Teck Resources will likely underperform. Teck Resources right now has a risk of 2.42%. Please validate Teck Resources downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Teck Resources will be following its existing price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Teck Resources Ltd has very weak predictability. Overlapping area represents the amount of predictability between Teck Resources time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 0.19 indicates that over 19.0% of current Teck Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 17.96 |
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 Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Teck Stock
When determining whether Teck Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teck Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teck Resources Ltd Stock. Highlighted below are key reports to facilitate an investment decision about Teck Resources Ltd Stock:Check out Teck Resources Correlation, Teck Resources Volatility and Teck Resources Alpha and Beta module to complement your research on Teck Resources. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Teck Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.