Home Depot Probability of Target Price Finishing Over 180.52

The Home Depot Inc -- USA Stock  

USD 183.06  5.29  2.81%

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
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Home Depot Target Price Odds to finish over 180.52

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 183.06 30 days 180.52  about 89.49% about 10.39%
Based on normal probability distribution, the odds of Home Depot to stay above $ 180.52  in 30 days from now is about 89.49%. Probability of The Home Depot price to stay between $ 180.52  and its current price of $183.06 at the end of the 30-day period is about 6.08%.
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.159 . 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
Odds to stay above $ 180.52  in 30 days
 Home Depot Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=1.16
Overall volatility
Information ratio =0.11