Taseko Mines Stock Market Value
| TGB Stock | USD 2.02 0.06 2.88% |
| Symbol | Taseko |
Taseko Mines Price To Book Ratio
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.
Taseko Mines 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Taseko Mines' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Taseko Mines.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Taseko Mines on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Taseko Mines or generate 0.0% return on investment in Taseko Mines over 720 days. Taseko Mines is related to or competes with Capstone Copper, Hudbay Minerals, Ero Copper, CopperCorp Resources, Southern Copper, Copper Mountain, and Amerigo Resources. Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties More
Taseko Mines Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Taseko Mines' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Taseko Mines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.48 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 6.63 |
Taseko Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taseko Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taseko Mines' standard deviation. In reality, there are many statistical measures that can use Taseko Mines historical prices to predict the future Taseko Mines' volatility.| Risk Adjusted Performance | 0.0064 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.05) |
Taseko Mines Backtested Returns
Taseko Mines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0296, which indicates the firm had a -0.0296% return per unit of risk over the last 3 months. Taseko Mines exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taseko Mines' Variance of 13.92, coefficient of variation of (55,750), and Risk Adjusted Performance of 0.0064 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taseko Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taseko Mines is expected to be smaller as well. At this point, Taseko Mines has a negative expected return of -0.11%. Please make sure to validate Taseko Mines' kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if Taseko Mines performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Taseko Mines has good reverse predictability. Overlapping area represents the amount of predictability between Taseko Mines time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Taseko Mines price movement. The serial correlation of -0.54 indicates that about 54.0% of current Taseko Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Taseko Mines lagged returns against current returns
Autocorrelation, which is Taseko Mines stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Taseko Mines' stock expected returns. We can calculate the autocorrelation of Taseko Mines returns to help us make a trade decision. For example, suppose you find that Taseko Mines has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Taseko Mines regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Taseko Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taseko Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taseko Mines stock over time.
Current vs Lagged Prices |
| Timeline |
Taseko Mines Lagged Returns
When evaluating Taseko Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taseko Mines stock have on its future price. Taseko Mines autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Taseko Mines autocorrelation shows the relationship between Taseko Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Taseko Mines.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Taseko Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taseko Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Taseko Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Taseko Mines Stock:Check out Taseko Mines Correlation, Taseko Mines Volatility and Taseko Mines Alpha and Beta module to complement your research on Taseko Mines. 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.
Taseko Mines 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.