Home Depot Probability of Target Price Finishing Over 155.707

The Home Depot Inc -- USA Stock  

USD 186.97  0.26  0.14%

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
Refresh Odds

Home Depot Target Price Odds to finish over 155.707

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 186.97 30 days 155.71  close to 100% near 1%
Based on normal probability distribution, the odds of Home Depot to stay above $ 155.71  in 30 days from now is close to 100%. Probability of The Home Depot price to stay between $ 155.71  and its current price of $186.97 at the end of the 30-day period is about 22.0%.
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.1554 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Home Depot will likely underperform. Additionally The Home Depot Inc 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 $ 155.71  in 30 days
 Home Depot Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.11
β
Beta against DOW=1.16
σ
Overall volatility
=9.42
Ir
Information ratio =0.06