Macroaxis considers Home Depot to be not too risky. Home Depot
holds Efficiency (Sharpe) Ratio of -0.1166 which attests that Home Depot
had -0.1166% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Home Depot exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Home Depot Market Risk Adjusted Performance
of (0.38) and Risk Adjusted Performance of (0.25) to validate risk estimate we provide. Macroaxis gives Home Depot performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.8236 which attests that as returns on market increase, Home Depot returns are expected to increase less than the market. However during bear market, the loss on holding Home Depot will be expected to be smaller as well.. Even though it is essential to pay attention to Home Depot current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Home Depot exposes twenty-eight different technical indicators which can help you to evaluate its performance. Home Depot has expected return of -0.2072%. Please be advised to check out Home Depot Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to decide if Home Depot past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.37 |
Below average predictability
The Home Depot has below average predictability. Overlapping area represents the amount of predictability between Home Depot time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. 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 0.37 indicates that just about 37.0% of current Home Depot price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.66|