Home Depot Probability of Target Price Finishing Over 146.76

The Home Depot -- USA Stock  

USD 176.26  1.40  0.79%

Home Depot probability of target price tool provides mechanism to make assumptions about upside and downside potential of The Home Depot performance during a given time horizon utilizing its historical volatility. Please specify Home Depot time horizon, a valid symbol (red box) and a target price (blue box) you would like Home Depot odds to be computed. Please also check Home Depot Backtesting, Home Depot Valuation, Home Depot Correlation, Home Depot Hype Analysis, Home Depot Volatility, Home Depot History as well as Home Depot Performance.
 Time Horizon     30 Days    Login   to change
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Home Depot Target Price Odds to finish over 146.76

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 176.26 30 days 146.76  close to 99% near 1%
Based on normal probability distribution, the odds of Home Depot to stay above $ 146.76  in 30 days from now is close to 99% (This The Home Depot probability density function shows the probability of Home Depot Stock to fall within a particular range of prices over 30 days) . Probability of The Home Depot price to stay between $ 146.76  and its current price of $176.26 at the end of the 30-day period is about 33.76%.
Allowing for the 30-days total investment horizon, Home Depot has beta of 0.0785 . 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. Additionally The Home Depot has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
> 99%
Odds to stay above $ 146.76  in 30 days
 Home Depot Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.08
β
Beta against DOW=0.0785
σ
Overall volatility
=4.04
Ir
Information ratio =0.03

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Please also check Home Depot Backtesting, Home Depot Valuation, Home Depot Correlation, Home Depot Hype Analysis, Home Depot Volatility, Home Depot History as well as Home Depot Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.