Taseko Mines Stock Probability of Future Stock Price Finishing Over 13.28
| TGB Stock | USD 1.98 0.07 3.66% |
Taseko |
Taseko Mines Target Price Odds to finish over 13.28
The tendency of Taseko 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 $ 13.28 or more in 90 days |
| 1.98 | 90 days | 13.28 | close to zero percent |
Based on a normal probability distribution, the odds of Taseko Mines to move over $ 13.28 or more in 90 days from now is close to zero percent (This Taseko Mines probability density function shows the probability of Taseko Stock to fall within a particular range of prices over 90 days) . Probability of Taseko Mines price to stay between its current price of $ 1.98 and $ 13.28 at the end of the 90-day period is about 90.07 .
Considering the 90-day investment horizon Taseko Mines has a beta of 0.33. This usually implies as returns on the market go up, Taseko Mines average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Taseko Mines will be expected to be much smaller as well. Additionally Taseko Mines 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. Taseko Mines Price Density |
| Price |
Predictive Modules for Taseko Mines
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Taseko Mines. 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.Taseko Mines Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Taseko Mines is not an exception. The market had few large corrections towards the Taseko Mines' 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 Taseko Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Taseko Mines within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.33 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.04 |
Taseko Mines 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 Taseko Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Taseko Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Taseko Mines generated a negative expected return over the last 90 days | |
| Taseko Mines may become a speculative penny stock | |
| Taseko Mines has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Taseko Mines FY2025 EPS Forecast Lifted by Stifel Canada - MarketBeat |
Taseko Mines 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 Taseko Stock often depends not only on the future outlook of the current and potential Taseko Mines' 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. Taseko Mines' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 291 M | |
| Cash And Short Term Investments | 97.8 M |
Taseko Mines Technical Analysis
Taseko Mines' future price can be derived by breaking down and analyzing its technical indicators over time. Taseko Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Taseko Mines. In general, you should focus on analyzing Taseko Stock price patterns and their correlations with different microeconomic environments and drivers.
Taseko Mines Predictive Forecast Models
Taseko Mines' time-series forecasting models is one of many Taseko Mines' 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 Taseko Mines' 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 Taseko Mines
Checking the ongoing alerts about Taseko Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Taseko Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Taseko Mines generated a negative expected return over the last 90 days | |
| Taseko Mines may become a speculative penny stock | |
| Taseko Mines has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Taseko Mines FY2025 EPS Forecast Lifted by Stifel Canada - MarketBeat |
Check out Taseko Mines Backtesting, Taseko Mines Valuation, Taseko Mines Correlation, Taseko Mines Hype Analysis, Taseko Mines Volatility, Taseko Mines History as well as Taseko Mines Performance. For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is 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 Taseko Mines. If investors know Taseko 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 Taseko Mines 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 (0.46) | Earnings Share 0.11 | Revenue Per Share 2.008 | Quarterly Revenue Growth 0.231 | Return On Assets 0.0337 |
The market value of Taseko Mines is measured differently than its book value, which is the value of Taseko that is recorded on the company's balance sheet. Investors also form their own opinion of Taseko Mines' value that differs from its market value or its book value, called intrinsic value, which is Taseko Mines' 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 Taseko Mines' market value can be influenced by many factors that don't directly affect Taseko Mines' 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 Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' 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.