Teck Resources Limited Stock Price on December 23, 2024
TECK-B Stock | CAD 58.28 0.37 0.64% |
If you're considering investing in Teck Stock, it is important to understand the factors that can impact its price. As of today, the current price of Teck Resources stands at 58.28, as last reported on the 3rd of January, with the highest price reaching 58.77 and the lowest price hitting 57.80 during the day. Teck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Teck Resources Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teck Resources' Variance of 3.89, risk adjusted performance of (0.11), and Coefficient Of Variation of (685.62) to confirm the risk estimate we provide.
Teck Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Teck |
Sharpe Ratio = -0.1399
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Estimated Market Risk
1.99 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Teck Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Teck Resources by adding Teck Resources to a well-diversified portfolio.
Teck Resources Valuation on December 23, 2024
It is possible to determine the worth of Teck Resources on a given historical date. On December 23, 2024 Teck was worth 58.5 at the beginning of the trading date compared to the closed value of 59.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teck Resources stock. Still, in general, we apply an absolute valuation method to find Teck Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Teck Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teck Resources' related companies.
Open | High | Low | Close | Volume | |
57.17 | 59.31 | 57.15 | 58.84 | 3,052,387 | |
12/23/2024 | 58.50 | 59.49 | 58.46 | 59.32 | 694,773 |
59.44 | 59.47 | 58.70 | 59.33 | 319,491 |
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Teck Resources Trading Date Momentum on December 23, 2024
On December 24 2024 Teck Resources Limited was traded for 59.33 at the closing time. The highest price during the trading period was 59.47 and the lowest recorded bid was listed for 58.70 . The volume for the day was 319.5 K. This history from December 24, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 0.02% . The trading price change to the current price is 2.46% . |
Teck Resources Fundamentals Correlations and Trends
By evaluating Teck Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teck Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teck financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Teck Resources Stock history
Teck Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Teck is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teck Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Teck Resources stock prices may prove useful in developing a viable investing in Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. TECK RESOURCES operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 10100 people.
Teck Resources Stock Technical Analysis
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.
Price Boundaries
Teck Resources Period Price Range
Low | January 3, 2025
| High |
0.00 | 0.00 |
Teck Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Teck Resources January 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Teck Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teck Resources shares will generate the highest return on investment. By undertsting and applying Teck Resources stock market strength indicators, traders can identify Teck Resources Limited entry and exit signals to maximize returns
Teck Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Teck Resources' price direction in advance. Along with the technical and fundamental analysis of Teck Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teck to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.11) | |||
Jensen Alpha | (0.30) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | (0.50) |
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Volume Indicators |
Complementary Tools for Teck Stock analysis
When running Teck Resources' price analysis, check to measure Teck Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teck Resources is operating at the current time. Most of Teck Resources' value examination focuses on studying past and present price action to predict the probability of Teck Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teck Resources' price. Additionally, you may evaluate how the addition of Teck Resources to your portfolios can decrease your overall portfolio volatility.
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