Teck Resources Correlations
| TECK-B Stock | CAD 65.37 0.10 0.15% |
The current 90-days correlation between Teck Resources and First Quantum Minerals is 0.69 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Teck Resources Correlation With Market
Weak diversification
The correlation between Teck Resources Limited and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teck Resources Limited and DJI in the same portfolio, assuming nothing else is changed.
Teck |
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.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Teck Stock performing well and Teck Resources 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 Teck Resources' 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FM | 2.36 | 0.03 | 0.04 | 0.15 | 3.32 | 4.96 | 16.58 | |||
| NTR | 0.99 | 0.03 | (0.07) | 1.06 | 1.30 | 1.99 | 8.15 | |||
| LUN | 2.03 | (0.18) | (0.03) | 0.02 | 3.26 | 4.39 | 14.41 | |||
| WPM | 1.36 | 0.09 | 0.00 | 0.43 | 1.84 | 2.63 | 10.49 | |||
| HBM | 2.02 | 0.38 | 0.09 | (4.90) | 2.39 | 3.92 | 14.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Teck Resources 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?
Run Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Teck Resources Corporate Management
Elected by the shareholders, the Teck Resources' board of directors comprises two types of representatives: Teck Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Teck. The board's role is to monitor Teck Resources' management team and ensure that shareholders' interests are well served. Teck Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Teck Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lyndon Arnall | Chief VP | Profile | |
| BA CPA | Chief VP | Profile | |
| BSc BSc | VP Services | Profile | |
| Peter Rozee | VP Affairs | Profile | |
| Dean Winsor | Executive Officer | Profile |