Textron (Mexico) Market Value
| TXT Stock | MXN 1,655 0.00 0.00% |
| Symbol | Textron |
Textron '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 Textron'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 Textron.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Textron on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Textron or generate 0.0% return on investment in Textron over 720 days. Textron is related to or competes with First Republic, Costco Wholesale, Verizon Communications, Cognizant Technology, Samsung Electronics, and Genworth Financial. Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide More
Textron 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 Textron'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 Textron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.67 |
Textron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Textron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Textron's standard deviation. In reality, there are many statistical measures that can use Textron historical prices to predict the future Textron's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0401 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.336 |
Textron Backtested Returns
At this stage we consider Textron Stock to be out of control. Textron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0509, which indicates the firm had a 0.0509% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Textron, which you can use to evaluate the volatility of the company. Please validate Textron's Coefficient Of Variation of 2043.61, variance of 2.33, and Risk Adjusted Performance of 0.0424 to confirm if the risk estimate we provide is consistent with the expected return of 0.0807%. Textron has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Textron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Textron is expected to be smaller as well. Textron right now has a risk of 1.59%. Please validate Textron treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if Textron will be following its existing price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Textron has modest reverse predictability. Overlapping area represents the amount of predictability between Textron time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Textron price movement. The serial correlation of -0.46 indicates that about 46.0% of current Textron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 13.8 K |
Textron lagged returns against current returns
Autocorrelation, which is Textron 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 Textron's stock expected returns. We can calculate the autocorrelation of Textron returns to help us make a trade decision. For example, suppose you find that Textron 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 |
Textron 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 Textron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Textron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Textron stock over time.
Current vs Lagged Prices |
| Timeline |
Textron Lagged Returns
When evaluating Textron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Textron stock have on its future price. Textron 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, Textron autocorrelation shows the relationship between Textron stock current value and its past values and can show if there is a momentum factor associated with investing in Textron.
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 Textron Stock Analysis
When running Textron's price analysis, check to measure Textron'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 Textron is operating at the current time. Most of Textron's value examination focuses on studying past and present price action to predict the probability of Textron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Textron's price. Additionally, you may evaluate how the addition of Textron to your portfolios can decrease your overall portfolio volatility.