The Tjx Companies Stock Market Value
| TJX Stock | USD 93.13 0.25 0.27% |
| Symbol | T.J. |
TJX Companies Price To Book Ratio
Is T.J. Maxx's industry 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 0.368 | Dividend Share 1.33 | Earnings Share 3.86 | Revenue Per Share 47.31 | Quarterly Revenue Growth 0.13 |
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.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in T.J. Maxx on March 18, 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 Burlington Stores, Guess, Urban Outfitters, Buckle, Hibbett Sports, Abercrombie Fitch, and Gap. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.3 |
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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of T.J. Maxx's 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.
TJX Companies Backtested Returns
TJX Companies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0174, which indicates the firm had a -0.0174% return per unit of risk over the last 3 months. The TJX Companies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate T.J. Maxx's Variance of 0.9835, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,805) to confirm the risk estimate we provide. The entity has a beta of 0.75, 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 has an expected return of -0.0172%. Please make sure to validate T.J. Maxx coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if TJX Companies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
The TJX Companies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between T.J. Maxx time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of April 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 -0.71 indicates that around 71.0% of current T.J. Maxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
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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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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary 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.
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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.