Home Depot Average Equity vs Average Assets Analysis

HD -- USA Stock  

USD 202.63  0.18  0.09%

Home Depot financial indicator trend analysis is much more than just examining The Home Depot latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The Home Depot is a good investment. Please check the relationship between Home Depot Average Equity and its Average Assets accounts. Please also check Risk vs Return Analysis.

Average Equity vs Average Assets

Accounts Relationship

Average Equity vs Average Assets

Significance: Significant Contrarian Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of The Home Depot Average Equity account and Average Assets

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Average Equity

Average equity value for the period used in calculation of Return on Average Equity

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets

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