Home Depot Technical Analysis

    HD -- USA Stock  

    USD 191.55  0.78  0.41%

    As of 20 of February Home Depot retains Risk Adjusted Performance of 0.1683, Market Risk Adjusted Performance of 0.1855 and Downside Deviation of 1.28. Home Depot technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Home Depot which can be compared to its competitors. Please check out Home Depot Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Home Depot is priced fairly providing market reflects its last-minute price of 191.55 per share. Given that The Home Depot has Jensen Alpha of 0.0916, we strongly advise you confirm Home Depot regular market performance to make sure the company can sustain itself at future point.
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    Home Depot Technical Analysis

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    Home Depot Trend Analysis

    Use this graph to draw trend lines for The Home Depot. You can use it to identify possible trend reversals for Home Depot as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Home Depot price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

    Home Depot Best Fit Change Line

    The following chart estimates an ordinary least squares regression model for The Home Depot applied against its price change over selected period. The best fit line has a slop of 0.66 % which suggests that The Home Depot will keep on generating value for investors. It has 78 observation points and a regression sum of squares at 4248.57, which is the sum of squared deviations for the predicted Home Depot price change compared to its average price change.

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    Home Depot Market Strength

    Home Depot February 20, 2019 Daily Price Condition

    Please also check Risk vs Return Analysis. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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