Taseko Mines Backtesting

TKO -- Canada Stock  

CAD 0.96  0.01  1.03%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Taseko Mines 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in Taseko Mines on August 22, 2018 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 Cameco, Lundin Gold, Orocobre, McEwen Mining, Uranium Participation, Champion Iron, and Lithium Americas. Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United Sta...

Taseko Mines Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown12.26
Value At Risk4.95
Potential Upside4.3
  

Taseko Mines Market Premium Indicators

Risk Adjusted Performance0.011004
Jensen Alpha0.24
Total Risk Alpha0.83
Treynor Ratio0.17

Taseko Mines Limited Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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.
Correlation Coefficient-0.22
Spearman Rank Test-0.09
Residual Average0.0
Price Variance0.0

Taseko Mines Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Taseko Mines regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Taseko Mines Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - TKO

Taseko Mines Limited Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Taseko Mines Limited. What is your outlook on investing in Taseko Mines Limited? Are you bullish or bearish?
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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. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.
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