TJX Companies (Brazil) Probability of Future Stock Price Finishing Under 738.53
| TJXC34 Stock | 765.43 11.49 1.52% |
TJX |
TJX Companies Target Price Odds to finish below 738.53
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 738.53 or more in 90 days |
| 765.43 | 90 days | 738.53 | over 95.38 |
Based on a normal probability distribution, the odds of TJX Companies to drop to 738.53 or more in 90 days from now is over 95.38 (This The TJX Companies probability density function shows the probability of TJX Stock to fall within a particular range of prices over 90 days) . Probability of TJX Companies price to stay between 738.53 and its current price of 765.43 at the end of the 90-day period is roughly 2.41 .
Assuming the 90 days trading horizon TJX Companies has a beta of 0.53. This usually implies as returns on the market go up, TJX Companies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The TJX Companies will be expected to be much smaller as well. Additionally The TJX Companies has an alpha of 0.5771, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TJX Companies Price Density |
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Predictive Modules for TJX Companies
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 Companies. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as TJX Companies. Your research has to be compared to or analyzed against TJX Companies' peers to derive any actionable benefits. When done correctly, TJX Companies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in TJX Companies.TJX Companies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TJX Companies is not an exception. The market had few large corrections towards the TJX Companies' 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 The TJX Companies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TJX Companies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 80.72 | |
Ir | Information ratio | 0.22 |
TJX Companies Technical Analysis
TJX Companies' 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 The TJX Companies. In general, you should focus on analyzing TJX Stock price patterns and their correlations with different microeconomic environments and drivers.
TJX Companies Predictive Forecast Models
TJX Companies' time-series forecasting models is one of many TJX Companies' 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 Companies' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TJX Companies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TJX Companies' short interest history, or implied volatility extrapolated from TJX Companies options trading.