Texas Instruments Incorporated Stock Market Value
| TXN Stock | USD 198.00 0.20 0.10% |
| Symbol | Texas |
Texas Instruments Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Texas Instruments. If investors know Texas 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 Texas Instruments 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 (0.21) | Dividend Share 5.2 | Earnings Share 5.39 | Revenue Per Share 17.246 | Quarterly Revenue Growth (0.08) |
The market value of Texas Instruments is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Instruments' value that differs from its market value or its book value, called intrinsic value, which is Texas Instruments' 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 Texas Instruments' market value can be influenced by many factors that don't directly affect Texas Instruments' 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 Texas Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Instruments' 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.
Texas Instruments '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 Texas Instruments' 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 Texas Instruments.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Texas Instruments on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Texas Instruments Incorporated or generate 0.0% return on investment in Texas Instruments over 270 days. Texas Instruments is related to or competes with Microchip Technology, Monolithic Power, NXP Semiconductors, ON Semiconductor, Analog Devices, Qorvo, and Broadcom. Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturer... More
Texas Instruments 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 Texas Instruments' 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 Texas Instruments Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.01 |
Texas Instruments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texas Instruments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texas Instruments' standard deviation. In reality, there are many statistical measures that can use Texas Instruments historical prices to predict the future Texas Instruments' volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Texas Instruments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Texas Instruments Backtested Returns
Texas Instruments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0337, which indicates the firm had a -0.0337% return per unit of risk over the last 3 months. Texas Instruments Incorporated exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texas Instruments' Coefficient Of Variation of (14,609), variance of 4.03, and Risk Adjusted Performance of 9.0E-4 to confirm the risk estimate we provide. The entity has a beta of 1.45, 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, Texas Instruments will likely underperform. At this point, Texas Instruments has a negative expected return of -0.0672%. Please make sure to validate Texas Instruments' skewness and day typical price , to decide if Texas Instruments performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Texas Instruments Incorporated has below average predictability. Overlapping area represents the amount of predictability between Texas Instruments time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Texas Instruments price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Texas Instruments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 44.9 |
Texas Instruments lagged returns against current returns
Autocorrelation, which is Texas Instruments 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 Texas Instruments' stock expected returns. We can calculate the autocorrelation of Texas Instruments returns to help us make a trade decision. For example, suppose you find that Texas Instruments 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 |
Texas Instruments 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 Texas Instruments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texas Instruments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texas Instruments stock over time.
Current vs Lagged Prices |
| Timeline |
Texas Instruments Lagged Returns
When evaluating Texas Instruments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texas Instruments stock have on its future price. Texas Instruments 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, Texas Instruments autocorrelation shows the relationship between Texas Instruments stock current value and its past values and can show if there is a momentum factor associated with investing in Texas Instruments Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Texas Instruments
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Texas Instruments position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Texas Instruments will appreciate offsetting losses from the drop in the long position's value.Moving against Texas Stock
| 0.32 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Texas Instruments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Texas Instruments when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Texas Instruments - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Texas Instruments Incorporated to buy it.
The correlation of Texas Instruments is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Texas Instruments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Texas Instruments moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Texas Instruments can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Texas Instruments Correlation, Texas Instruments Volatility and Texas Instruments Alpha and Beta module to complement your research on Texas Instruments. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Texas Instruments 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.