Home Depot Backtesting

HD -- USA Stock  

USD 184.97  1.70  0.91%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of The Home Depot and determine expected loss or profit from investing in Home Depot over given investment horizon. Please also check Home Depot Hype Analysis, Home Depot Correlation, Home Depot Valuation, Home Depot Volatility as well as analyze Home Depot Alpha and Beta and Home Depot Performance.
 Time Horizon     30 Days    Login   to change

Home Depot 'What if' Analysis

April 24, 2018
No Change 0.00  0.0%
In 31 days
May 24, 2018
If you would invest  0.00  in Home Depot on April 24, 2018 and sell it all today you would earn a total of 0.00 from holding The Home Depot or generate 0.0% return on investment in Home Depot over 30 days. Home Depot is related to or competes with Barnes Noble, Dollar Tree, Fossil, Best Buy, Aarons, and Dollar General. The Home Depot, Inc. operates as a home improvement retailer

Home Depot Upside/Downside Indicators

Downside Deviation1.1
Information Ratio0.1973
Maximum Drawdown6.32
Value At Risk1.54
Potential Upside1.68

Home Depot Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.2461

The Home Depot Backtested Returns

Macroaxis considers Home Depot not too risky given 1 month investment horizon. The Home Depot holds Efficiency (Sharpe) Ratio of 0.1972 which attests that The Home Depot had 0.1972% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for The Home Depot which you can use to evaluate future volatility of the corporation. Please utilize Home Depot Risk Adjusted Performance of 0.01 and Downside Deviation of 1.1 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Home Depot holds performance score of 13. The company retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Home Depot are completely uncorrelated. Although it is vital to follow to The Home Depot current price history, it is good to be conservative about what you can actually do with the information regarding 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 The Home Depot technical indicators you can presently evaluate if the expected return of 0.27% will be sustainable into the future. Please utilizes Home Depot Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to make a quick decision on weather The Home Depot current trending patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.23 

Weak predictability

The Home Depot has weak predictability. Overlapping area represents the amount of predictability between Home Depot time series from April 24, 2018 to May 9, 2018 and May 9, 2018 to May 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of The Home Depot price movement. The serial correlation of 0.23 indicates that over 23.0% of current Home Depot price fluctuation can be explain by its past prices.
Correlation Coefficient 0.23
Spearman Rank Test -0.43
Price Variance 3.42
Lagged Price Variance 10.4

The Home Depot lagged returns against current returns

 Current and Lagged Values 

Home Depot regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Home Depot Lagged Returns

 Regressed Prices 

Current Sentiment - HD

The Home Depot Investor Sentiment
Nearly all of Macroaxis users are currently bullish on The Home Depot. What is your judgment towards investing in The Home Depot? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please also check Home Depot Hype Analysis, Home Depot Correlation, Home Depot Valuation, Home Depot Volatility as well as analyze Home Depot Alpha and Beta and Home Depot Performance. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.