T.J. Maxx (Germany) Market Value
| TJX Stock | EUR 120.10 0.40 0.33% |
| Symbol | T.J. |
T.J. Maxx '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 T.J. Maxx's 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 T.J. Maxx.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in T.J. Maxx on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding The TJX Companies or generate 0.0% return on investment in T.J. Maxx over 30 days. T.J. Maxx is related to or competes with NEXT Plc, Gap, American Eagle, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer More
T.J. Maxx 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 T.J. Maxx's 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 The TJX Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.47 |
T.J. Maxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for T.J. Maxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as T.J. Maxx's standard deviation. In reality, there are many statistical measures that can use T.J. Maxx historical prices to predict the future T.J. Maxx's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.1064 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0595 | |||
| Treynor Ratio | 0.2831 |
TJX Companies Backtested Returns
T.J. Maxx appears to be very steady, given 3 months investment horizon. TJX Companies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for The TJX Companies, which you can use to evaluate the volatility of the company. Please review T.J. Maxx's Semi Deviation of 0.8467, coefficient of variation of 691.21, and Risk Adjusted Performance of 0.1149 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, T.J. Maxx holds a performance score of 11. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, T.J. Maxx's returns are expected to increase less than the market. However, during the bear market, the loss of holding T.J. Maxx is expected to be smaller as well. Please check T.J. Maxx's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether T.J. Maxx's existing price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
The TJX Companies has very good predictability. Overlapping area represents the amount of predictability between T.J. Maxx time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Companies price movement. The serial correlation of 0.84 indicates that around 84.0% of current T.J. Maxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 7.69 |
TJX Companies lagged returns against current returns
Autocorrelation, which is T.J. Maxx 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 T.J. Maxx's stock expected returns. We can calculate the autocorrelation of T.J. Maxx returns to help us make a trade decision. For example, suppose you find that T.J. Maxx 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 |
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T.J. Maxx 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 T.J. Maxx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if T.J. Maxx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in T.J. Maxx stock over time.
Current vs Lagged Prices |
| Timeline |
T.J. Maxx Lagged Returns
When evaluating T.J. Maxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of T.J. Maxx stock have on its future price. T.J. Maxx 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, T.J. Maxx autocorrelation shows the relationship between T.J. Maxx stock current value and its past values and can show if there is a momentum factor associated with investing in The TJX Companies.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in T.J. Stock
When determining whether TJX Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of T.J. Maxx's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Tjx Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Tjx Companies Stock:Check out T.J. Maxx Correlation, T.J. Maxx Volatility and T.J. Maxx Alpha and Beta module to complement your research on T.J. Maxx. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
T.J. Maxx 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.