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Home Depot Statistic Functions Beta

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HD -- USA Stock  

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Home Depot statistic-functions tool provides you with the Statistic Functions execution environment for running Beta function against Home Depot. Home Depot statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Home Depot correlated with the market. If Beta is less than 0 Home Depot generally moves in the opposite direction as compared to the market. If Home Depot Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Home Depot is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Home Depot is generally in the same direction as the market. If Beta > 1 Home Depot moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

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