Teck Resources Ltd Stock Probability of Future Stock Price Finishing Over 51.41
| TECK Stock | USD 45.85 0.36 0.79% |
Closest to current price Teck long CALL Option Payoff at Expiration
Teck |
Teck Resources Target Price Odds to finish over 51.41
The tendency of Teck Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 51.41 or more in 90 days |
| 45.85 | 90 days | 51.41 | about 8.43 |
Based on a normal probability distribution, the odds of Teck Resources to move over $ 51.41 or more in 90 days from now is about 8.43 (This Teck Resources Ltd probability density function shows the probability of Teck Stock to fall within a particular range of prices over 90 days) . Probability of Teck Resources price to stay between its current price of $ 45.85 and $ 51.41 at the end of the 90-day period is about 74.45 .
Given the investment horizon of 90 days Teck Resources has a beta of 0.87. This usually implies Teck Resources Ltd market returns are very sensitive to returns on the market. As the market goes up or down, Teck Resources is expected to follow. Additionally Teck Resources Ltd has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Teck Resources Price Density |
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Predictive Modules for Teck Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Teck Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teck Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Teck Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Teck Resources is not an exception. The market had few large corrections towards the Teck Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Teck Resources Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Teck Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.87 | |
σ | Overall volatility | 2.39 | |
Ir | Information ratio | -0.02 |
Teck Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Teck Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Teck Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Teck Resources Ltd Trading 5.86 percent Higher on Dec 9 |
Teck Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Teck Stock often depends not only on the future outlook of the current and potential Teck Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Teck Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 525.3 M | |
| Cash And Short Term Investments | 744 M |
Teck Resources Technical Analysis
Teck Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Teck Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Teck Resources Ltd. In general, you should focus on analyzing Teck Stock price patterns and their correlations with different microeconomic environments and drivers.
Teck Resources Predictive Forecast Models
Teck Resources' time-series forecasting models is one of many Teck Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Teck Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Teck Resources
Checking the ongoing alerts about Teck Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Teck Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Teck Resources Ltd Trading 5.86 percent Higher on Dec 9 |
Check out Teck Resources Backtesting, Teck Resources Valuation, Teck Resources Correlation, Teck Resources Hype Analysis, Teck Resources Volatility, Teck Resources History as well as Teck Resources Performance. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teck Resources. If investors know Teck will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teck Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Dividend Share 0.5 | Earnings Share 2.08 | Revenue Per Share 32.13 | Quarterly Revenue Growth 0.437 |
The market value of Teck Resources is measured differently than its book value, which is the value of Teck that is recorded on the company's balance sheet. Investors also form their own opinion of Teck Resources' value that differs from its market value or its book value, called intrinsic value, which is Teck Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teck Resources' market value can be influenced by many factors that don't directly affect Teck Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teck Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teck Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teck Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.