|Horizon||30 Days Login to change|
Home Depot Market Sensitivity
|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.One Month Beta |Analyze The Home Depot Demand TrendCheck current 30 days Home Depot correlation with market (DOW)|
β = -0.0734
The Home Depot Technical Analysis
Home Depot Projected Return Density Against MarketAllowing for the 30-days total investment horizon, The Home Depot has beta of -0.0734 . This indicates as returns on benchmark increase, returns on holding Home Depot are expected to decrease at a much smaller rate. During bear market, however, The Home Depot is likely to outperform the market. Moreover, The Home Depot has an alpha of 0.2207 implying that it can potentially generate 0.2207% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Home Depot Return VolatilityThe Home Depot accepts 0.9013% volatility on return distribution over the 30 days horizon. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.