|Current Price||Horizon||Target Price||Odds to stay above $ 180.52 in 30 days|
| 207.46 ||30 days|| 180.52 || CLOSE TO 99%|
Based on normal probability distribution, the odds of Home Depot to stay above $ 180.52 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 $ 180.52 and its current price of $207.46 at the end of the 30-day period is about 56.68%.
Allowing for the 30-days total investment horizon, The Home Depot has beta of -0.0285 . 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 is likely to outperform the market. Additionally The Home Depot has an alpha of 0.1184 implying that it can potentially generate 0.1184% excess return over DOW after adjusting for the inherited market risk (beta).
| || |
|Current Price || ||Target Price || |