RE:RE:RE:RE:recoverytsx 60
2020 low 687, high 1065, current 816 = 19% off low, 23% off high
teck.b
2020 low 8.15, high 34.31, current 10.59 = 30% off low, 69% off high
i.e. the rebound for Teck is 11% more than TSX, and Teck is 46% lower off 2020 high than TSX 60
so risk/reward, relative to TSX60, Teck is likely to beat the index, assuming eventual recovery; of course this largely because of Teck Beta being higher than TSX60, naturally, but as relative value, the rebound v. the decline number for 2020 seem to imply that Teck is relatively undevalued; Teck RSI @41 v. TSX60 @44, neither of which is great, nonetheless Teck still ahead, and MACD pointing up on both; with RSI here we may have a pullback for a lower retest, but I'm guessing we get somewhate of W bottom and head up after that .. plus fundamentally, copper looks like it wants to go up, coke is strong, mines and plants are still mostly running, and china is gonna put a sizeable industrial stimulus forth, all of which seem to bode well for Teck, which can't be said for lot of the other co's in the index, including the financials, and particularly insuranc co's ... so, IMO Teck rebound beats TSX60 in % terms over the next six months to a year
IMO, for what it's worth