Taseko Mines Backtesting

TKO -- Canada Stock  

CAD 1.51  0.07  4.86%

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.
 Time Horizon     30 Days    Login   to change

Taseko Mines 'What if' Analysis

May 24, 2018
No Change 0.00  0.0%
In 31 days
June 23, 2018
If you would invest  0.00  in Taseko Mines on May 24, 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 Parex Resources, Boralex, China Gold, Lucara Diamond, Continental Gold, North American, and SHERRITT INTL. Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United Sta...

Taseko Mines Upside/Downside Indicators

Information Ratio0.21
Maximum Drawdown0.6944

Taseko Mines Market Premium Indicators

Risk Adjusted Performance0.01

Taseko Mines Limited Backtested Returns

Macroaxis considers Taseko Mines exceptionally risky given 1 month investment horizon. Taseko Mines Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0719 which indicates Taseko Mines Limited had 0.0719% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Taseko Mines Limited which you can use to evaluate future volatility of the company. Please operate Taseko Mines Coefficient Of Variation of 469.04 and Risk Adjusted Performance of 0.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Taseko Mines holds performance score of 4. The entity has beta of 0.0 which indicates the returns on MARKET and Taseko Mines are completely uncorrelated. 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. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Taseko Mines Limited technical indicators you can presently evaluate if the expected return of 0.267% will be sustainable into the future. Please operates Taseko Mines Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to make a quick decision on weather Taseko Mines Limited existing price patterns will revert.
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 May 24, 2018 to June 8, 2018 and June 8, 2018 to June 23, 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 -0.48 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 -0.59
Price Variance 0.01
Lagged Price Variance 0.01

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 Lagged Returns

 Regressed Prices 

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?
50% Bullish
50% 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.