44.07 -0.27 (-0.61%) Sell

TJX is a falling knife, continues to bleed every investor trying to catch it

13 min read

TJX COMPANIES INC significantly underperformed today. It fell by -0.61% to close at 44.07. It's recent 5 day performance has been -1.95%, -1.29%, -0.63%, +0.81% and -1.04%.

[Themes containing TJX]

TJX is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +14.68% for investors.


TJX has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 8 Nov, 2017 to 30 Oct, 2018. Over the last 2 years 11 months and 14 days, TJX underperformed the SP500 index on 49% days. Which indicates that on days TJX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months TJX was mostly loss making and delivered on average -0.33% per day. It's best return during this period (of +5.05%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -4.91%) was on Monday, 19 Nov, 2018. The longest stort-term trends during this period were 9 profitable and losing days. The bullish trend (which returned +2.6%) started on 19 Sep, 2018 and went on till 1 Oct, 2018 while the bearish trend (which returned -19.02%) started on 12 Nov, 2018 and went on till 23 Nov, 2018.

During the last year TJX had 8 profitable months and 4 loss making months. Profitable number of months of TJX and SP500 index were the same. TJX significantly outperformed SP500 index in Aug 2018, when it returned +13.07% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. TJX and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both TJX and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Once my ears were open to hearing mentions of 'Shark Tank', I was surprised by how many people in our world, even in our industry, tech and finance, loved the show.

TJX is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in TJX's volatility from 1 Oct, 2018 to 20 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that TJX has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than TJX. Therefore, SP500 must receive a lower allocation than TJX in your portfolio. SP500 index usually has shorter drawdown period than TJX.

Based on your interest in TJX you may find it interesting to know that AAXN, ZBRA and PTC are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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