The TJX Companies Inc (TJX)
The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 31.92% per annum.
- TJX price at the close of November 20, 2024 was $119.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.99% per annum.
- TJX price at the close of November 20, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TJX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 7, 2022
End date: November 20, 2024
a = 3.3952
b = 0.0008
s = 0.0491
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 31.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0491) – 1
= 21.69%
March 7, 2022 calculations
Top border of price channel:
Exp(Y575)
= Exp(a + b × X575 + 2 × s)
= Exp(a + b × 837 + 2 × s)
= Exp(3.3952 + 0.0008 × 837 + 2 × 0.0491)
= Exp(4.1287)
= $62.10
Bottom border of price channel:
Exp(Y575)
= Exp(a + b × X575 – 2 × s)
= Exp(a + b × 837 – 2 × s)
= Exp(3.3952 + 0.0008 × 837 – 2 × 0.0491)
= Exp(3.9324)
= $51.03
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.3952 + 0.0008 × 1,826 + 2 × 0.0491)
= Exp(4.8794)
= $131.55
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3952 + 0.0008 × 1,826 – 2 × 0.0491)
= Exp(4.6831)
= $108.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 31.92% per annum.
- TJX price at the close of November 20, 2024 was $119.74 and was inside the primary price channel.
Secondary Trend
Start date: October 27, 2022
End date: November 20, 2024
a = 3.5245
b = 0.0007
s = 0.0410
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0410) – 1
= 17.80%
October 27, 2022 calculations
Top border of price channel:
Exp(Y738)
= Exp(a + b × X738 + 2 × s)
= Exp(a + b × 1,071 + 2 × s)
= Exp(3.5245 + 0.0007 × 1,071 + 2 × 0.0410)
= Exp(4.3306)
= $75.99
Bottom border of price channel:
Exp(Y738)
= Exp(a + b × X738 – 2 × s)
= Exp(a + b × 1,071 – 2 × s)
= Exp(3.5245 + 0.0007 × 1,071 – 2 × 0.0410)
= Exp(4.1668)
= $64.51
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.5245 + 0.0007 × 1,826 + 2 × 0.0410)
= Exp(4.8411)
= $126.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.5245 + 0.0007 × 1,826 – 2 × 0.0410)
= Exp(4.6773)
= $107.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.99% per annum.
- TJX price at the close of November 20, 2024 was inside the secondary price channel.