Home Depot Jensen Alpha

    The Home Depot Inc -- USA Stock  

    USD 172.06  0.83  0.48%

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    The Home Depot Inc has current Jensen Alpha of 0.0. Jensen alpha is a measure of the returns that are attributable to the managers ability to select security and time the market. In other words it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk free rate.
    Home Depot 
    Jensen Alpha 
     = 
    ER[a] - RFR * (1-BETA) 
    BETA * ER[b]) 
     = 
    0.0
    ER[a] =   Expected return on investing in Home Depot
    ER[b] =   Expected return on market index or selected benchmark
    BETA =   Beta coefficient between Home Depot and the market
    RFR =   Risk Free Rate of return. Typically T-Bill Rate

    Jensen Alpha Comparison

    The Home Depot Inc is rated # 5 in jensen alpha category among related companies. It is rated below average in maximum drawdown category among related companies .
    Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk Free Rate)]. Anything remaining over and above is alpha.
    The Home Depot, Inc. operates as a home improvement retailer. more
    NameThe Home Depot Inc
    Analyst Consensus
    Macroaxis Advice
    Bond Rating
    InstrumentUSA Stock Stocks Directory
    RegionNorth America
    ExchangeNew York Stock Exchange
    CIK Number00354950.0
    ISINUS4370761029
    CUSIP437076102
    CurrencyUSD - US Dollar