Home Depot Probability of Target Price Finishing Over 146.76

The Home Depot Inc -- USA Stock  

USD 196.31  2.02  1.02%

Home Depot probability of target price tool provides mechanism to make assumptions about upside and downside potential of The Home Depot Inc 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
 196.31 30 days 146.76  close to 100% 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 100%. Probability of The Home Depot price to stay between $ 146.76  and its current price of $196.31 at the end of the 30-day period is about 89.5%.
Allowing for the 30-days total investment horizon, The Home Depot Inc has beta of -0.2754 . This indicates as returns on benchmark increase, returns on holding Home Depot are expected to decrease at a much smaller rate. During bear market, however, The Home Depot Inc is likely to outperform the market. Additionally The Home Depot Inc has an alpha of 0.4464293396000001 implying that it can potentially generate 0.4464293396000001% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay above $ 146.76  in 30 days
 Home Depot Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.45
β
Beta against DOW=0.28
σ
Overall volatility
=4.33
Ir
Information ratio =0.12