T.J. Maxx (Mexico) Market Value
| TJX Stock | MXN 2,382 19.96 0.83% |
| 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in T.J. Maxx on October 23, 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 Samsung Electronics, Capital One, Lloyds Banking, Taiwan Semiconductor, Costco Wholesale, Delta Air, and Monster Beverage. The TJX Companies, Inc., together with its subsidiaries, 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 | 2.73 | |||
| Information Ratio | 0.0542 | |||
| Maximum Drawdown | 17.58 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 6.01 |
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 | 0.0849 | |||
| Jensen Alpha | 0.2252 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | (6.83) |
TJX Companies Backtested Returns
At this stage we consider T.J. Stock to be very steady. TJX Companies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0342, which indicates the firm had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for The TJX Companies, which you can use to evaluate the volatility of the company. Please validate T.J. Maxx's Risk Adjusted Performance of 0.0849, semi deviation of 1.46, and Coefficient Of Variation of 974.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0702%. T.J. Maxx has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0325, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning T.J. Maxx are expected to decrease at a much lower rate. During the bear market, T.J. Maxx is likely to outperform the market. TJX Companies right now has a risk of 2.06%. Please validate T.J. Maxx standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if T.J. Maxx will be following its existing price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
The TJX Companies has very weak reverse predictability. Overlapping area represents the amount of predictability between T.J. Maxx time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 -0.02 indicates that only 2.0% of current T.J. Maxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2705.98 |
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 |
| Timeline |
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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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 T.J. Stock Analysis
When running T.J. Maxx's price analysis, check to measure T.J. Maxx's 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 T.J. Maxx is operating at the current time. Most of T.J. Maxx's value examination focuses on studying past and present price action to predict the probability of T.J. Maxx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move T.J. Maxx's price. Additionally, you may evaluate how the addition of T.J. Maxx to your portfolios can decrease your overall portfolio volatility.