Taseko Mines Backtesting

Taseko Mines Limited -- Canada Stock  

CAD 2.55  0.01  0.39%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Taseko Mines Limited and determine expected loss or profit from investing in Taseko Mines over given investment horizon. Also please take a look at Taseko Mines Hype Analysis, Taseko Mines Correlation, Taseko Mines Valuation, Taseko Mines Volatility as well as analyze Taseko Mines Alpha and Beta and Taseko Mines Performance
Investment Horizon     30 Days    Login   to change

Taseko Mines 'What if' Analysis

November 12, 2017
No Change 0.00  0.0%
In 31 days
December 12, 2017
If you would invest  0.00  in Taseko Mines on November 12, 2017 and sell it all today you would earn a total of 0.00 from holding Taseko Mines Limited or generate 0.0% return on investment in Taseko Mines over 30 days. Taseko Mines is related to or competes with Boralex, Lucara Diamond, China Gold, Continental Gold, and North American. Taseko Mines Ltd explores for copper molybdenum gold and niobium deposits

Taseko Mines Upside/Downside Indicators


Taseko Mines Market Premium Indicators

Taseko Mines Limited lagged returns against current returns

 Current and Lagged Values 

Taseko Mines regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Taseko Mines Limited Backtested Returns

Macroaxis considers Taseko Mines to be extremely risky. Taseko Mines Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1297 which indicates Taseko Mines Limited had -0.1297% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Taseko Mines Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Taseko Mines Coefficient Of Variation of (895.01) and Risk Adjusted Performance of (0.047264) to confirm risk estimate we provide. Macroaxis gives Taseko Mines performance score of 0 on a scale of 0 to 100. The entity has beta of 1.4777 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Taseko Mines will likely underperform.. Even though it is essential to pay attention to Taseko Mines Limited current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Taseko Mines Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Taseko Mines Limited has expected return of -0.369%. Please be advised to validate Taseko Mines Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if Taseko Mines Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.48) 

Modest reverse predictability

Taseko Mines Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Taseko Mines time series from November 12, 2017 to November 27, 2017 and November 27, 2017 to December 12, 2017. 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 Limited price movement. The serial correlation of -0.48 indicates that about 48.0% of current Taseko Mines price fluctuation can be explain by its past prices. Given that Taseko Mines Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Taseko Mines for similar time interval.
Correlation Coefficient -0.48
Spearman Rank Test -0.62
Price Variance 0.01
Lagged Price Variance 0.01

Taseko Mines Lagged Returns

 Regressed Prices 

Taseko Mines Performance vs SPTSX Comp

The median price of Taseko Mines for the period between Sun, Nov 12, 2017 and Tue, Dec 12, 2017 is 2.71 with a coefficient of variation of 3.55. The daily time series for the period is distributed with a sample standard deviation of 0.1, arithmetic mean of 2.68, and mean deviation of 0.08. The Stock received some media coverage during the period.
Price Growth (%)  
Trading Scope Following Levels on Taseko Mines Ltd12/08/2017