What is Current Taseko Mines Alpha and Beta? - TGB

Taseko Mines Stock Alpha and Beta Analysis

TGB Stock  USD 1.97  0.03  1.50%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Taseko Mines. It also helps investors analyze the systematic and unsystematic risks associated with investing in Taseko Mines over a specified time horizon. Remember, high Taseko Mines' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Taseko Mines' market risk premium analysis include:
Beta
0.29
Alpha
(0.17)
Risk
3.49
Sharpe Ratio
(0.11)
Expected Return
(0.40)
Please note that although Taseko Mines alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Taseko Mines did 0.17  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Taseko Mines stock's relative risk over its benchmark. Taseko Mines has a beta of 0.29  . 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 present, Taseko Mines' Book Value Per Share is projected to slightly decrease based on the last few years of reporting. The current year's Tangible Book Value Per Share is expected to grow to 1.72, whereas Enterprise Value Over EBITDA is forecasted to decline to 3.94.

Taseko Mines Quarterly Cash And Equivalents

82.01 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Taseko Mines Backtesting, Taseko Mines Valuation, Taseko Mines Correlation, Taseko Mines Hype Analysis, Taseko Mines Volatility, Taseko Mines History and analyze Taseko Mines Performance.
For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.

Taseko Mines Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Taseko Mines market risk premium is the additional return an investor will receive from holding Taseko Mines long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Taseko Mines. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Taseko Mines' performance over market.
α-0.17   β0.29
100%

Taseko Mines expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Taseko Mines' Buy-and-hold return. Our buy-and-hold chart shows how Taseko Mines performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Taseko Mines Market Price Analysis

Market price analysis indicators help investors to evaluate how Taseko Mines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Taseko Mines shares will generate the highest return on investment. By understating and applying Taseko Mines stock market price indicators, traders can identify Taseko Mines position entry and exit signals to maximize returns.

Taseko Mines Return and Market Media

The median price of Taseko Mines for the period between Thu, Sep 26, 2024 and Wed, Dec 25, 2024 is 2.24 with a coefficient of variation of 9.77. The daily time series for the period is distributed with a sample standard deviation of 0.22, arithmetic mean of 2.24, and mean deviation of 0.19. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
JavaScript chart by amCharts 3.21.151234567OctNovDec -10-5051015
JavaScript chart by amCharts 3.21.15Taseko Mines Taseko Mines Dividend Benchmark Dow Jones Industrial
       Timeline  
1
Are Investors Undervaluing Taseko Mines Limited Right Now
10/17/2024
2
Contrasting Taseko Mines and Coppernico Metals
11/05/2024
3
Taseko Reports Third Quarter 2024 Operational Performance and 48 Million of Adjusted EBITDA
11/07/2024
4
Taseko Mines Appoints Indigenous Leader Crystal Smith to Board of Directors TGB Stock News - StockTitan
11/19/2024
5
Taseko Mines Limited A Bull Case Theory
12/06/2024
6
Taseko Mines FY2025 EPS Reduced by National Bank Financial
12/11/2024
7
Taseko Mines FY2025 EPS Forecast Lifted by Stifel Canada - MarketBeat
12/18/2024

About Taseko Mines Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Taseko or other stocks. Alpha measures the amount that position in Taseko Mines has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding8.0910.6311.4810.91
PTB Ratio2.051.61.261.32

Taseko Mines Upcoming Company Events

As portrayed in its financial statements, the presentation of Taseko Mines' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Taseko Mines' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Taseko Mines' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Taseko Mines. Please utilize our Beneish M Score to check the likelihood of Taseko Mines' management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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 Backtesting, Taseko Mines Valuation, Taseko Mines Correlation, Taseko Mines Hype Analysis, Taseko Mines Volatility, Taseko Mines History and analyze 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.
A focus of Taseko Mines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Taseko Mines trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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