TJX Cos (UK) Market Value
| 0LCE Stock | 125.98 1.43 1.12% |
| Symbol | TJX |
TJX Cos 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TJX Cos' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TJX Cos.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in TJX Cos on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding TJX Cos or generate 0.0% return on investment in TJX Cos over 90 days. TJX Cos is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, World Chess, SURETRACK MON, and Heavitree Brewery. TJX Cos is entity of United Kingdom. It is traded as Stock on LSE exchange. More
TJX Cos Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TJX Cos' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TJX Cos upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.31 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 114.65 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.71 |
TJX Cos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TJX Cos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TJX Cos' standard deviation. In reality, there are many statistical measures that can use TJX Cos historical prices to predict the future TJX Cos' volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.8329 | |||
| Total Risk Alpha | (1.56) | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 0.7378 |
TJX Cos Backtested Returns
TJX Cos is not too volatile given 3 months investment horizon. TJX Cos owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0659, which indicates the firm had a 0.0659% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use TJX Cos Semi Deviation of 7.31, coefficient of variation of 1511.07, and Risk Adjusted Performance of 0.0601 to evaluate company specific risk that cannot be diversified away. TJX Cos holds a performance score of 5 on a scale of zero to a hundred. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TJX Cos will likely underperform. Use TJX Cos jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on TJX Cos.
Auto-correlation | 0.11 |
Insignificant predictability
TJX Cos has insignificant predictability. Overlapping area represents the amount of predictability between TJX Cos time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TJX Cos price movement. The serial correlation of 0.11 indicates that less than 11.0% of current TJX Cos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 22.12 |
TJX Cos lagged returns against current returns
Autocorrelation, which is TJX Cos stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TJX Cos' stock expected returns. We can calculate the autocorrelation of TJX Cos returns to help us make a trade decision. For example, suppose you find that TJX Cos has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TJX Cos regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TJX Cos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TJX Cos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TJX Cos stock over time.
Current vs Lagged Prices |
| Timeline |
TJX Cos Lagged Returns
When evaluating TJX Cos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TJX Cos stock have on its future price. TJX Cos autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TJX Cos autocorrelation shows the relationship between TJX Cos stock current value and its past values and can show if there is a momentum factor associated with investing in TJX Cos.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.