Teck risk analysis

Macroaxis considers Teck not very risky. Teck Resources Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.38 which indicates Teck Resources Limited had -0.38% 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. Teck Resources Limited exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Teck Semi-Deviation of 3.15, Coefficient Of Variation of (263.08) and Risk Adjusted Performance of (0.31) to make sure to check risk estimate we provide.

Projected Return Density against Market

Assuming 30 trading days horizon, the stock has beta cooficient of 1.14 . This entails Teck Resources Limited market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Teck is expected to follow. In addition to that, Teck Resources Limited has alpha of 1.14 implying that it can potentially generate 1.14% excess return over S&P 500 after adjusting for the inherited market risk (beta).Assuming 30 trading days horizon, the coefficient of variation of Teck is -263.08. The daily returns are destributed with a variance of 4.92 and standard deviation of 2.22. The mean deviation of Teck Resources Limited is currently at 1.78. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.84

	(alpha)	=	1.14	Details
	(beta)	=	1.14	Details
	(volatility)	=	2.22	Details

Actual Return Volatility

Teck Resources Limited accepts 2.22% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.84% volatility of returns over 30 trading days.