TJX Cos (UK) Odds of Future Stock Price Finishing Under 72.70
| 0LCE Stock | 126.18 0.72 0.57% |
TJX |
TJX Cos Target Price Odds to finish below 72.70
The tendency of TJX 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 drop to 72.70 or more in 90 days |
| 126.18 | 90 days | 72.70 | near 1 |
Based on a normal probability distribution, the odds of TJX Cos to drop to 72.70 or more in 90 days from now is near 1 (This TJX Cos probability density function shows the probability of TJX Stock to fall within a particular range of prices over 90 days) . Probability of TJX Cos price to stay between 72.70 and its current price of 126.18 at the end of the 90-day period is about 85.17 .
Assuming the 90 days trading horizon TJX Cos has a beta of 0.96. This suggests TJX Cos market returns are related to returns on the market. As the market goes up or down, TJX Cos is expected to follow. Additionally TJX Cos has an alpha of 0.8917, implying that it can generate a 0.89 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TJX Cos Price Density |
| Price |
Predictive Modules for TJX Cos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TJX Cos. 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.TJX Cos Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TJX Cos is not an exception. The market had few large corrections towards the TJX Cos' 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 TJX Cos, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TJX Cos within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.89 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 8.78 | |
Ir | Information ratio | 0.06 |
TJX Cos 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 TJX Cos for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TJX Cos can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TJX Cos is way too risky over 90 days horizon | |
| TJX Cos appears to be risky and price may revert if volatility continues | |
| TJX Cos is unlikely to experience financial distress in the next 2 years | |
| Over 91.0% of the company shares are owned by institutions such as pension funds |
TJX Cos 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 TJX Stock often depends not only on the future outlook of the current and potential TJX Cos' 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. TJX Cos' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Dividends Paid | 1.5 B | |
| Cash And Short Term Investments | 5.6 B | |
| Shares Float | 1.1 B |
TJX Cos Technical Analysis
TJX Cos' future price can be derived by breaking down and analyzing its technical indicators over time. TJX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TJX Cos. In general, you should focus on analyzing TJX Stock price patterns and their correlations with different microeconomic environments and drivers.
TJX Cos Predictive Forecast Models
TJX Cos' time-series forecasting models is one of many TJX Cos' 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 TJX Cos' 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 TJX Cos
Checking the ongoing alerts about TJX Cos for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TJX Cos help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TJX Cos is way too risky over 90 days horizon | |
| TJX Cos appears to be risky and price may revert if volatility continues | |
| TJX Cos is unlikely to experience financial distress in the next 2 years | |
| Over 91.0% of the company shares are owned by institutions such as pension funds |
Additional Tools for TJX Stock Analysis
When running TJX Cos' price analysis, check to measure TJX Cos' 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 TJX Cos is operating at the current time. Most of TJX Cos' value examination focuses on studying past and present price action to predict the probability of TJX Cos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TJX Cos' price. Additionally, you may evaluate how the addition of TJX Cos to your portfolios can decrease your overall portfolio volatility.