Projected Return Density against MarketAssuming 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
Actual Return VolatilityTeck 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.
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Teck Resources Limited has a volatility of 2.22 and is 2.64 times more volatile than S&P 500. 27% of all equities and portfolios are less risky than Teck. Compared with the overall equity markets, volatility of historical daily returns of Teck Resources Limited is lower than 27 (%) of all global equities and portfolios over the last 30 days. Use Teck Resources Limited to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Teck returns are very sensitive to returns on the market. As market goes up or down, Teck is expected to follow.
Teck correlation with market
Teck Current Risk Indicators
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