Home Depot Jensen Alpha

The Home Depot Inc -- USA Stock  

USD 186.97  0.26  0.14%

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The Home Depot Inc has current Jensen Alpha of 0.11. 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]) 
 = 
0.11
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 # 2 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.
Compare Home Depot to competition
The Home Depot, Inc. operates as a home improvement retailer. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia. Home Depot operates under Home Improvement Stores classification in USA and traded on New York Stock Exchange exchange. It employs 406000 people. more
NameThe Home Depot Inc
Chairman, CEO and PresCraig MenearAll Leadership
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00354950.0
ISINUS4370761029
CUSIP437076102
CurrencyUSD - US Dollar