Macroaxis gives TECK performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.82 which indicates as returns on market increase, TECK returns are expected to increase less than the market. However during bear market, the loss on holding TECK will be expected to be smaller as well. Even though it is essential to pay attention to TECK RESOURCESB
existing price patterns
, it is always good to be careful when utilizing equity price patterns
. Macroaxis way of 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
. TECK exposes twenty-eight different technical indicators which can help you to evaluate its performance. TECK RESOURCESB
has expected return of -0.82%. Please be advised to validate TECK RESOURCESB Information Ratio
, Total Risk Alpha
and the relationship
between Coefficient Of Variation
and Jensen Alpha
to decide if TECK RESOURCESB
past performance will be repeated in the future.
Relative Risk vs. Return Landscape
If you would invest 2,160
in TECK RESOURCESB on May 20, 2013
and sell it today you would lose (409.00)
from holding TECK RESOURCESB or give up 18.94%
of portfolio value over 30
days. TECK RESOURCESB is producing return of less than zero assuming 2.32% volatility of returns over the 30 days investment horizon. Simply put, 28% of all equities have less volatile historical return distribution than TECK RESOURCESB and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, TECK RESOURCESB is expected to under-perform the market. In addition to that, the company is 2.76 times more volatile than its market benchmark. It trades about -0.35 of its total potential returns per unit of risk. The S&P 500 is currently generating roughly -0.05 per unit of volatility.