Macroaxis considers Home Depot not too risky given 1 month investment horizon. The Home Depot holds Efficiency (Sharpe) Ratio of 0.2756 which attests that The Home Depot had 0.2756% 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 0.7893 to validate if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
The Home Depot Technical Analysis
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Home Depot has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Home Depot are completely uncorrelated. Furthermore, The Home DepotIt does not look like Home Depot alpha can have any bearing on the equity current valuation.
Predicted Return Density