We consider Home Depot very steady. Home Depot
holds Efficiency (Sharpe) Ratio of 0.1356 which attests that the entity had 0.1356% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Home Depot which you can use to evaluate future volatility of the corporation. Please check out Home Depot Risk Adjusted Performance
of 0.1294, Market Risk Adjusted Performance
of (5.56) and Downside Deviation of 1.29 to validate if risk estimate we provide are consistent with the epected return of 0.1753%. Home Depot has performance score of 9 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.031 which attests that as returns on market increase, returns on owning Home Depot are expected to decrease at a much smaller rate. During bear market, Home Depot is likely to outperform the market. Although it is extremely important to respect Home Depot current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Home Depot technical indicators you can presently evaluate if the expected return of 0.1753% will be sustainable into the future. Home Depot right now retains a risk of 1.2924%. Please check out Home Depot Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Home Depot will be following its current trending patterns.
Home Depot has average predictability. Overlapping area represents the amount of predictability between Home Depot time series from June 21, 2019 to August 5, 2019 and August 5, 2019 to September 19, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Home Depot price movement. The serial correlation of 0.49 indicates that about 49.0% of current Home Depot price fluctuation can be explain by its past prices.