Taseko Mines Stock Probability of Future Stock Price Finishing Over 1.6
TGB Stock | USD 2.49 0.04 1.63% |
Closest to current price Taseko long CALL Option Payoff at Expiration
Taseko |
Taseko Mines Target Price Odds to finish over 1.6
The tendency of Taseko Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current Price | Horizon | Target Price | Odds to stay above $ 1.60 in 90 days |
2.49 | 90 days | 1.60 | about 66.97 |
Based on a normal probability distribution, the odds of Taseko Mines to stay above $ 1.60 in 90 days from now is about 66.97 (This Taseko Mines probability density function shows the probability of Taseko Stock to fall within a particular range of prices over 90 days) . Probability of Taseko Mines price to stay between $ 1.60 and its current price of $2.49 at the end of the 90-day period is about 62.8 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.31 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Taseko Mines will likely underperform. Additionally Taseko Mines has an alpha of 0.7901, implying that it can generate a 0.79 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Taseko Mines Price Density |
Price |
Predictive Modules for Taseko Mines
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Taseko Mines. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taseko Mines' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Taseko Mines Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Taseko Mines is not an exception. The market had few large corrections towards the Taseko Mines' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Taseko Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Taseko Mines within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.79 | |
β | Beta against NYSE Composite | 2.31 | |
σ | Overall volatility | 0.41 | |
Ir | Information ratio | 0.23 |
Taseko Mines Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Taseko Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Taseko Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Taseko Mines appears to be risky and price may revert if volatility continues | |
Latest headline from news.google.com: Taseko Mines director sells 1.1 million shares in total - Marketscreener.com |
Taseko Mines Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Taseko Stock often depends not only on the future outlook of the current and potential Taseko Mines' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Taseko Mines' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 291 M | |
Cash And Short Term Investments | 97.8 M |
Taseko Mines Technical Analysis
Taseko Mines' future price can be derived by breaking down and analyzing its technical indicators over time. Taseko Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Taseko Mines. In general, you should focus on analyzing Taseko Stock price patterns and their correlations with different microeconomic environments and drivers.
Taseko Mines Predictive Forecast Models
Taseko Mines' time-series forecasting models is one of many Taseko Mines' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Taseko Mines' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Taseko Mines
Checking the ongoing alerts about Taseko Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Taseko Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Taseko Mines appears to be risky and price may revert if volatility continues | |
Latest headline from news.google.com: Taseko Mines director sells 1.1 million shares in total - Marketscreener.com |
Check out Taseko Mines Backtesting, Taseko Mines Valuation, Taseko Mines Correlation, Taseko Mines Hype Analysis, Taseko Mines Volatility, Taseko Mines History as well as Taseko Mines Performance. For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.Note that the Taseko Mines information on this page should be used as a complementary analysis to other Taseko Mines' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Taseko Stock analysis
When running Taseko Mines' price analysis, check to measure Taseko Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taseko Mines is operating at the current time. Most of Taseko Mines' value examination focuses on studying past and present price action to predict the probability of Taseko Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taseko Mines' price. Additionally, you may evaluate how the addition of Taseko Mines to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
CEOs Directory Screen CEOs from public companies around the world | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
Is Taseko Mines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Taseko Mines. If investors know Taseko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Taseko Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share 0.2 | Revenue Per Share 1.819 | Quarterly Revenue Growth 0.528 | Return On Assets 0.0528 |
The market value of Taseko Mines is measured differently than its book value, which is the value of Taseko that is recorded on the company's balance sheet. Investors also form their own opinion of Taseko Mines' value that differs from its market value or its book value, called intrinsic value, which is Taseko Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Taseko Mines' market value can be influenced by many factors that don't directly affect Taseko Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.