|Current Price||Horizon||Target Price||Odds to stay above $ 146.76 in 30 days|
| 179.85 ||30 days|| 146.76 || CLOSE TO 99%|
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 $179.85 at the end of the 30-day period is roughly 2.41%.
Allowing for the 30-days total investment horizon, Home Depot has beta of 0.3333 . 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
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