Macroaxis considers Taseko Mines to be abnormally risky. Taseko Mines Limited
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0682 which indicates Taseko Mines Limited
had -0.0682% 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 2,009 and Risk Adjusted Performance of 0.011004 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 0.8997 which indicates Taseko Mines returns are very sensitive to returns on the market. as market goes up or down, Taseko Mines is expected to follow.. 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 -0.2001%. 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.
|15 days auto-correlation||(0.22) |
Weak reverse predictability
Taseko Mines Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Taseko Mines time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. 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 -0.22 indicates that over 22.0% 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.
|Spearman Rank Test||-0.09|