This firm's average rating is Hold from 2 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Taseko Mines market sentiment investors' perception of the future value of Taseko. Let us look at a few aspects of Taseko technical analysis. The company has Net Profit Margin of
(0.03) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of
0.21 %, which entails that for every 100 dollars of revenue, it generated 0.0 of operating income.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Taseko Mines. In general, sophisticated investors focus on analyzing Taseko Mines stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Taseko Mines's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of Taseko Mines's intrinsic value. In addition to deriving basic predictive indicators for Taseko Mines, many experienced traders also check how macroeconomic factors affect Taseko Mines price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Taseko Mines. Your research has to be compared to or analyzed against Taseko Mines' peers to derive any actionable benefits. When done correctly, Taseko Mines' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Taseko Mines.
How does Taseko Stands against Peers?
Analyzing Taseko Mines competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Taseko Mines across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Taseko Mines Competition DetailsTaseko Mines Gross Profit
Taseko Mines Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Taseko Mines previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Taseko Mines Gross Profit growth over the last 10 years. Please check Taseko Mines'
gross profit and other
fundamental indicators for more details.
Closer look at Taseko Mines Downside Variance
Taseko Mines has current Downside Variance of 14.44. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
Downside Variance | = | SUM(RET DEV)2 N(ER) |
| = | 14.44 |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Let's now compare Taseko Mines Downside Variance to its closest peers:
| TGB | 14.440276690586696 |
| ONON | 9.16 |
| EYE | 3.04 |
| ROST | 1.51 |
| SHOO | 5.13 |
Taseko Mines is estimated to stay under USD1.66 in March
Current semi deviation is at 3.46. Taseko Mines shows above-average downside volatility for the selected time horizon. We advise investors to inspect Taseko Mines further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Taseko Mines future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Taseko Mines' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Taseko Mines' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Final Takeaway
Whereas some other entities under the copper industry are still a bit expensive, Taseko Mines may offer a potential longer-term growth to investors. While some investors may not share our view we believe it may be a good time to quit Taseko as the risk-reward trade off is not appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Taseko Mines.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Taseko Mines. Please refer to our
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