Home Depot Probability of Target Price Finishing Over 180.52

The Home Depot Inc -- USA Stock  

USD 172.06  0.27  0.16%

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
Investment Horizon     30 Days    Login   to change
Refresh Odds

Home Depot Target Price Odds to finish over 180.52

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 172.06 30 days 180.52  near 1% close to 100%
Based on normal probability distribution, the odds of Home Depot to move over $ 180.52  or more in 30 days from now is near 1%. Probability of The Home Depot price to stay between its current price of $ 172.06  and $ 180.52  at the end of the 30-day period is under 4%.
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.3891 . 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 an alpha of 0.11298286304545457 implying that it can potentially generate 0.11298286304545457% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to move over $ 180.52  or more in 30 days
 Home Depot Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.11
βBeta against DOW=1.39
σ
Overall volatility
=2.99
 IrInformation ratio =0.14