|Horizon||30 Days Login to change|
Home Depot Market Sensitivity
|As returns on market increase, Home Depot returns are expected to increase less than the market. However during bear market, the loss on holding Home Depot will be expected to be smaller as well.One Month Beta |Analyze The Home Depot Demand TrendCheck current 30 days Home Depot correlation with market (DOW)|
β = 0.592
The Home Depot Technical Analysis
Home Depot Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Home Depot has beta of 0.592 . This indicates as returns on market go up, Home Depot average returns are expected to increase less than the benchmark. However during bear market, the loss on holding The Home Depot will be expected to be much smaller as well. Moreover, The Home Depot has an alpha of 0.1091 implying that it can potentially generate 0.1091% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Home Depot Return VolatilityThe Home Depot accepts 1.0549% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.