Home Depot Beta

HD -- USA Stock  

USD 211.68  3.95  1.90%

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Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Home Depot 
Beta 
 = 
Covariance 
Variance 
 = 
1.16

Home Depot Distress Driver Correlations

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

Income

Home Depot Income Change Over Time

Accumulated Other Comprehensive Income

In accordance with recently published financial statements The Home Depot has Beta of 1.16. This is much higher than that of the Consumer Cyclical sector, and significantly higher than that of Home Improvement Stores industry, The Beta for all stocks is over 1000% lower than the firm.

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Home Depot Institutional Holders

Current Institutional Investors

Security TypeSharesValue
Vanguard Group IncCommon Shares82.7 M16.1 B
Blackrock IncCommon Shares70.7 M13.8 B
Capital World InvestorsCommon Shares57.2 M11.2 B
State Street CorpCommon Shares49.9 M9.7 B
Fmr LlcCommon Shares29 M5.7 B
Capital Research Global InvestorsCommon Shares19.8 M3.9 B
Jpmorgan Chase CoCommon Shares18.1 M3.5 B
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Home Depot will likely underperform.


 
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