Teck Resources Ltd Stock Price on March 26, 2024
| TECK Stock | USD 48.45 0.04 0.08% |
If you're considering investing in Teck Stock, it is important to understand the factors that can impact its price. As of today, the current price of Teck Resources stands at 48.45, as last reported on the 3rd of May, with the highest price reaching 49.18 and the lowest price hitting 47.86 during the day. Teck Resources appears to be very steady, given 3 months investment horizon. Teck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Teck Resources Ltd, which you can use to evaluate the volatility of the company. Please review Teck Resources' Semi Deviation of 1.43, coefficient of variation of 596.06, and Risk Adjusted Performance of 0.1152 to confirm if our risk estimates are consistent with your expectations.
Teck Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Teck |
Sharpe Ratio = 0.1678
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Estimated Market Risk
| 2.36 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Teck Resources is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Teck Resources by adding it to a well-diversified portfolio.
Teck Resources Valuation on March 26, 2024
It is possible to determine the worth of Teck Resources on a given historical date. On March 26, 2024 Teck was worth 43.48 at the beginning of the trading date compared to the closed value of 43.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Teck Resources stock. Still, in general, we apply an absolute valuation method to find Teck Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Teck Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Teck Resources' related companies.
| Open | High | Low | Close | Volume | |
| 43.55 | 44.29 | 43.09 | 43.16 | 2,538,028 | |
03/26/2024 | 43.48 | 43.57 | 43.03 | 43.08 | 1,969,224 |
| 43.07 | 43.96 | 43.02 | 43.92 | 3,176,741 |
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Teck Resources Trading Date Momentum on March 26, 2024
| On March 27 2024 Teck Resources Ltd was traded for 43.92 at the closing time. The top price for the day was 43.96 and the lowest listed price was 43.02 . The trading volume for the day was 3.2 M. The trading history from March 27, 2024 was a factor to the next trading day price upswing. The trading price change against the next closing price was 1.95% . The trading price change against the current closing price is 8.64% . |
Teck Resources Fundamentals Correlations and Trends
By evaluating Teck Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teck Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teck financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Teck Resources Stock history
Teck Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Teck is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teck Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Teck Resources stock prices may prove useful in developing a viable investing in Teck Resources
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada. Teck Resources operates under Other Industrial Metals Mining classification in the United States and is traded on New York Stock Exchange. It employs 10600 people.
Teck Resources Stock Technical Analysis
Teck Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Teck Resources Period Price Range
Low | March 26, 2024
| High |
43.48 | 43.08 |
Teck Resources May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Teck Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teck Resources shares will generate the highest return on investment. By undertsting and applying Teck Resources stock market strength indicators, traders can identify Teck Resources Ltd entry and exit signals to maximize returns
Teck Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Teck Resources' price direction in advance. Along with the technical and fundamental analysis of Teck Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teck to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.3685 | |||
| Total Risk Alpha | 0.2203 | |||
| Sortino Ratio | 0.1973 | |||
| Treynor Ratio | 0.9942 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Teck Resources information on this page should be used as a complementary analysis to other Teck Resources' 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Teck Stock analysis
When running Teck Resources' price analysis, check to measure Teck Resources' 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 Teck Resources is operating at the current time. Most of Teck Resources' value examination focuses on studying past and present price action to predict the probability of Teck Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teck Resources' price. Additionally, you may evaluate how the addition of Teck Resources to your portfolios can decrease your overall portfolio volatility.
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Is Teck Resources' 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 Teck Resources. If investors know Teck 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 Teck Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Teck Resources is measured differently than its book value, which is the value of Teck that is recorded on the company's balance sheet. Investors also form their own opinion of Teck Resources' value that differs from its market value or its book value, called intrinsic value, which is Teck Resources' 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 Teck Resources' market value can be influenced by many factors that don't directly affect Teck Resources' 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 Teck Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teck Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teck Resources' 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.