The Tjx Companies Stock Market Value
| TJX Stock | USD 124.79 3.32 2.73% |
| Symbol | T.J. |
TJX Companies Price To Book Ratio
Is Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of T.J. Maxx. If investors know T.J. will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about T.J. Maxx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.129 | Earnings Share 4.24 | Revenue Per Share 48.964 | Quarterly Revenue Growth 0.056 | Return On Assets 0.1282 |
The market value of TJX Companies is measured differently than its book value, which is the value of T.J. that is recorded on the company's balance sheet. Investors also form their own opinion of T.J. Maxx's value that differs from its market value or its book value, called intrinsic value, which is T.J. Maxx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T.J. Maxx's market value can be influenced by many factors that don't directly affect T.J. Maxx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between T.J. Maxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if T.J. Maxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T.J. Maxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in T.J. Maxx on December 7, 2022 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 720 days. T.J. Maxx is related to or competes with Burlington Stores, Guess, Urban Outfitters, Childrens Place, Ross Stores, Buckle, and Abercrombie Fitch. 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 | 0.9268 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.35 |
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 | 0.0363 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0588 |
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 0.0864, which indicates the firm had a 0.0864% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The TJX Companies, which you can use to evaluate the volatility of the company. Please validate T.J. Maxx's Semi Deviation of 0.8451, risk adjusted performance of 0.0363, and Coefficient Of Variation of 2179.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.081%. T.J. Maxx has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.5, 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. TJX Companies right now has a risk of 0.94%. Please validate T.J. Maxx sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if T.J. Maxx will be following its existing price patterns.
Auto-correlation | 0.88 |
Very good predictability
The TJX Companies has very good predictability. Overlapping area represents the amount of predictability between T.J. Maxx time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 0.88 indicates that approximately 88.0% of current T.J. Maxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 102.66 |
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.