Home Depot Probability of Target Price Finishing Over 146.76

HD -- USA Stock  

USD 179.85  0.59  0.33%

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.
Horizon     30 Days    Login   to change
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Home Depot Target Price Odds to finish over 146.76

Current PriceHorizonTarget PriceOdds 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
 Home Depot Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.67
β
Beta against DOW=0.33
σ
Overall volatility
=9.61
Ir
Information ratio =0.38

Home Depot Alerts

Home Depot Alerts and Suggestions

The Home Depot generates negative expected return over the last 30 days
About 71.0% of the company shares are owned by institutional investors
On August 29, 2018 Home Depot paid $ 1.03 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Payment of 3496 shares by Carol Tome of Home Depot subject to Rule 16b-3

Price Density Drivers

Home Depot Health Indicators

Shares Percent Shares Out0.73%
Trailing Annual Dividend Rate3.98
Short Percent Of Float0.72%
Float Shares1.14B
Shares Short Prior Month8.32M
Average Daily Volume Last 10 Day6.29M
Average Daily Volume In Three Month4.35M
Date Short InterestSeptember 28, 2018
Trailing Annual Dividend Yield2.21%
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 Money Managers module to screen money managers from public funds and etfs managed around the world.
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