Home Depot Beta

HD -- USA Stock  

USD 184.97  1.70  0.91%

The Macroaxis Fundamental Analysis lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also Equity Screeners to view more equity screening tools
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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 
 = 
1.07

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 1.07. This is much higher than that of the Consumer Cyclical sector, and significantly higher than that of Diversified Wholesale And Retail industry, The Beta for all stocks is over 1000% lower than the firm.

Peer Comparison

Home Depot Beta Comparison
  Beta 
      Home Depot Comparables 
Home Depot is rated # 2 in beta category among related companies.

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Home Depot returns are very sensitive to returns on the market. As market goes up or down, Home Depot is expected to follow.