Home Depot Standard Deviation

HD -- USA Stock  

USD 198.88  2.09  1.04%

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The Home Depot has current Standard Deviation of 0.5914. The Standard Deviation is a measure of how spread out the prices or returns of asset are on average. It is the most widly used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instrument or portfolio of equities.
Home Depot 
Standard Deviation 
=  
SQRT(V) 
 = 
0.5914
SQRT =   Square root notation
V =   Variance of Home Depot returns

Standard Deviation Comparison

The Home Depot is rated below average in standard deviation category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  3.49  of Maximum Drawdown per Standard Deviation. The ratio of Maximum Drawdown to Standard Deviation for The Home Depot is roughly  3.49 
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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