MKTX
MarketAxess Holdings Inc. Financial Services - Capital Markets Investor Relations →
MarketAxess Holdings Inc. (MKTX) closed at $162.33 as of 2026-02-02, trading 31.1% below its 200-week moving average of $235.53. This places MKTX in the extreme value zone. The stock is currently moving closer to the line, down from -28.3% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Over the past 1061 weeks of data, MKTX has crossed below its 200-week moving average 5 times. On average, these episodes lasted 72 weeks. The average one-year return after crossing below was -19.5%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $6.1 billion, MKTX is a mid-cap stock. The company generates a free cash flow yield of 4.1%. Return on equity stands at 15.8%, a solid level. The stock trades at 4.4x book value.
MKTX passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 20.4 years, a hypothetical investment of $100 in MKTX would have grown to $1602, compared to $837 for the S&P 500. That represents an annualized return of 14.6% vs 11.0% for the index — confirming MKTX as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 12.4% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: MKTX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MKTX Crosses Below the Line?
Across 5 historical episodes, buying MKTX when it crossed below its 200-week moving average produced an average return of -9.8% after 12 months (median -5.0%), compared to -9.0% for the S&P 500 over the same periods. 20% of those episodes were profitable after one year. After 24 months, the average return was -11.2% vs +9.6% for the index.
Each line shows $100 invested at the moment MKTX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MKTX has crossed below its 200-week MA 5 times with an average 1-year return of +-19.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2005 | Nov 2006 | 56 | 25.4% | -10.2% | +1508.5% |
| Dec 2007 | Sep 2009 | 94 | 64.6% | -42.4% | +1479.5% |
| Nov 2021 | Dec 2021 | 1 | 3.4% | -18.6% | -51.2% |
| Jan 2022 | Feb 2022 | 3 | 9.0% | -6.9% | -53.2% |
| Feb 2022 | Ongoing | 206+ | 45.0% | Ongoing | -53.8% |
| Average | 72 | — | +-19.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02