Home Depot Probability of Target Price Finishing Over 180.52

HD -- USA Stock  

USD 207.46  0.53  0.25%

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 180.52

Current PriceHorizonTarget PriceOdds 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).
 Home Depot Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.12
β
Beta against DOW=0.03
σ
Overall volatility
=4.38
Ir
Information ratio =0.06

Home Depot Alerts

Home Depot Alerts and Suggestions

About 71.0% of the company shares are owned by institutional investors
On August 29, 2018 Home Depot paid $ 1.03 per share dividend to its current shareholders
Latest headline from thewellesleysnews.com: Analyst Stock Recommendations For Ternium SA , The Home Depot, Inc.

Price Density Drivers

Home Depot Health Indicators

Shares Percent Shares Out0.73%
Trailing Annual Dividend Rate3.98
Short Percent Of Float0.72%
Float Shares1.14B
Shares Short Prior Month7.09M
Average Daily Volume Last 10 Day3.71M
Average Daily Volume In Three Month3.72M
Date Short InterestAugust 31, 2018
Trailing Annual Dividend Yield1.89%
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 Money Managers module to screen money managers from public funds and etfs managed around the world.
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