We consider Home Depot very steady. Home Depot
holds Efficiency (Sharpe) Ratio of 0.1339 which attests that the entity had 0.1339% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Home Depot which you can use to evaluate future volatility of the corporation. Please check out Home Depot Downside Deviation
of 1.39, Risk Adjusted Performance
of 0.1383 and Market Risk Adjusted Performance
of 0.1837 to validate if risk estimate we provide are consistent with the epected return of 0.1727%. Home Depot has performance score of 9 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.9601 which attests that Home Depot returns are very sensitive to returns on the market. as market goes up or down, Home Depot is expected to follow. Although it is extremely important to respect Home Depot
current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By evaluating Home Depot technical indicators
you can presently evaluate if the expected return of 0.1727% will be sustainable into the future. Home Depot
right now retains a risk of 1.2899%. Please check out Home Depot Maximum Drawdown
, and the relationship
between Information Ratio
and Downside Variance
to decide if Home Depot will be following its current trending patterns.
Home Depot has good predictability. Overlapping area represents the amount of predictability between Home Depot time series from July 24, 2019 to September 7, 2019 and September 7, 2019 to October 22, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Home Depot price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Home Depot price fluctuation can be explain by its past prices.