Textron (Germany) Market Value

TXT Stock  EUR 76.44  0.28  0.37%   
Textron's market value is the price at which a share of Textron trades on a public exchange. It measures the collective expectations of Textron investors about its performance. Textron is trading at 76.44 as of the 18th of January 2025. This is a 0.37 percent increase since the beginning of the trading day. The stock's lowest day price was 76.44.
With this module, you can estimate the performance of a buy and hold strategy of Textron and determine expected loss or profit from investing in Textron over a given investment horizon. Check out Textron Correlation, Textron Volatility and Textron Alpha and Beta module to complement your research on Textron.
For more detail on how to invest in Textron Stock please use our How to Invest in Textron guide.
Symbol

Please note, there is a significant difference between Textron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Textron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Textron'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.

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.
0.00
10/20/2024
No Change 0.00  0.0 
In 3 months and 1 day
01/18/2025
0.00
If you would invest  0.00  in Textron on October 20, 2024 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 90 days. Textron is related to or competes with SPECTRAL MEDICAL, Inspire Medical, TEXAS ROADHOUSE, Nishi-Nippon Railroad, MeVis Medical, Liberty Broadband, and GOLD ROAD. 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.

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.
Hype
Prediction
LowEstimatedHigh
74.8176.4478.07
Details
Intrinsic
Valuation
LowRealHigh
75.3777.0078.63
Details

Textron Backtested Returns

Textron owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0669, which indicates the firm had a -0.0669% return per unit of risk over the last 3 months. Textron exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Textron's Variance of 2.65, coefficient of variation of (5,516), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.2, 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. At this point, Textron has a negative expected return of -0.11%. Please make sure to validate Textron's jensen alpha, skewness, and the relationship between the variance and treynor ratio , to decide if Textron performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Textron has very weak reverse predictability. Overlapping area represents the amount of predictability between Textron time series from 20th of October 2024 to 4th of December 2024 and 4th of December 2024 to 18th of January 2025. 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 -0.1 indicates that less than 10.0% of current Textron price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test0.03
Residual Average0.0
Price Variance5.33
Textron ReturnsTextron Lagged ReturnsDiversified AwayTextron ReturnsTextron Lagged ReturnsDiversified Away100%

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   
JavaScript chart by amCharts 3.21.15DecDec 09Dec 14Dec 19Dec 24Dec 29JanJan 08Jan 13-10%-8%-6%-4%-2%0% 101001K
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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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   
JavaScript chart by amCharts 3.21.15DecDec 09Dec 14Dec 19Dec 24Dec 29JanJan 08Jan 137374757677787980
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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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   
JavaScript chart by amCharts 3.21.15NovDec2025727476788082
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Additional Information and Resources on Investing in Textron Stock

When determining whether Textron is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Textron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Textron Stock. Highlighted below are key reports to facilitate an investment decision about Textron Stock:
Check out Textron Correlation, Textron Volatility and Textron Alpha and Beta module to complement your research on Textron.
For more detail on how to invest in Textron Stock please use our How to Invest in Textron guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Textron 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.
A focus of Textron technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Textron trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...