Home Depot Probability of Target Price Finishing Over 155.707

HD -- USA Stock  

USD 167.97  4.32  2.51%

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 155.707

Current PriceHorizonTarget PriceOdds to stay above $ 155.71  in 30 days
 167.97 30 days 155.71  CLOSE TO 99%
Based on normal probability distribution, the odds of Home Depot to stay above $ 155.71  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 Home Depot price to stay between $ 155.71  and its current price of $167.97 at the end of the 30-day period is about 5.05%.
Allowing for the 30-days total investment horizon, Home Depot has beta of 0.9925 . This indicates The Home Depot market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Home Depot is expected to follow. 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 
      Price 
α
Alpha over DOW
=0.13
β
Beta against DOW=0.99
σ
Overall volatility
=5.88
Ir
Information ratio =0.07

Home Depot Alerts

Home Depot Alerts and Suggestions

Home Depot generates negative expected return over the last 30 days
About 72.0% of the company shares are owned by institutional investors

Price Density Drivers

Home Depot Health Indicators

Shares Percent Shares Out0.72%
Trailing Annual Dividend Rate4.12
Short Percent Of Float0.71%
Float Shares1.13B
Shares Short Prior Month8.62M
Average Daily Volume Last 10 Day5.62M
Average Daily Volume In Three Month5.66M
Date Short InterestNovember 15, 2018
Trailing Annual Dividend Yield2.36%
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 Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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