Taseko Mines Backtesting

Taseko Mines Limited -- Canada Stock  

CAD 2.83  0.03  1.05%

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

September 17, 2017
No Change 0.00  0.0%
In 31 days
October 17, 2017
If you would invest  0.00  in Taseko Mines on September 17, 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 Pinecrest Resources, Forsys Metals, Elcora Advanced, and AsiaBaseMetals. 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

Taseko Mines is extremely volatile given 1 month investment horizon. Taseko Mines Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3198 which indicates Taseko Mines Limited had 0.3198% of return per unit of risk over the last 1 month. Our philosophy towards measuring risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.2062% are justified by taking the suggested risk. Use Taseko Mines Limited Semi Deviation of 2.56, Coefficient Of Variation of 349.86 and Risk Adjusted Performance of 0.0753 to evaluate company specific risk that cannot be diversified away. Taseko Mines holds performance score of 21 on a scale of zero to a hundred. The entity has beta of -0.8637 which indicates . Although it is vital to follow to Taseko Mines Limited current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Taseko Mines Limited expected return of 1.2062 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use Taseko Mines Limited Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to analyze future returns on Taseko Mines Limited.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.23) 

Weak reverse predictability

Taseko Mines Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Taseko Mines time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 -0.23 indicates that over 23.0% 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 -0.23
Spearman Rank Test -0.13
Price Variance 0.02
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, Sep 17, 2017 and Tue, Oct 17, 2017 is 2.34 with a coefficient of variation of 11.5. The daily time series for the period is distributed with a sample standard deviation of 0.29, arithmetic mean of 2.48, and mean deviation of 0.26. The Stock received some media coverage during the period.
Price Growth (%)  
What does Average Directional Index Predict about Taseko Min...10/16/2017