Home Depot Average Equity vs Free Cash Flow Analysis

HD -- USA Stock  

USD 179.00  0.43  0.24%

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 Free Cash Flow accounts. Please also check Risk vs Return Analysis.

Average Equity vs Free Cash Flow

Accounts Relationship

Average Equity vs Free Cash Flow

Significance: Pay attention

Average Equity diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of The Home Depot Average Equity account and Free Cash Flow

Correlation Coefficient

-0.88
Relationship DirectionNegative 
Relationship StrengthSignificant

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Free Cash Flow

Free Cash Flow is a measure of financial performance calculated as Net Cash Flow from Operations minus Capital Expenditure.

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Please also check Risk vs Return Analysis. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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