Office Stock Performance

ODP
 Stock
  

USD 35.03  0.12  0.34%   

On a scale of 0 to 100, Office Depot holds a performance score of 7. The company holds a Beta of 0.7431, which implies possible diversification benefits within a given portfolio. Let's try to break down what Office's beta means in this case. As returns on the market increase, Office Depot returns are expected to increase less than the market. However, during the bear market, the loss on holding Office Depot will be expected to be smaller as well. Although it is important to respect Office Depot current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting 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 analyzing Office Depot technical indicators, you can presently evaluate if the expected return of 0.24% will be sustainable into the future. Please employ Office Depot potential upside, and the relationship between the total risk alpha and kurtosis to make a quick decision on whether Office Depot historical price patterns will revert.
  
Office Performance
7 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Office Depot are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental indicators, Office Depot displayed solid returns over the last few months and may actually be approaching a breakup point. ...more

Office Price Channel

Quick Ratio0.58
Fifty Two Week Low28.85
Target High Price50.00
Fifty Two Week High48.00
Trailing Annual Dividend Yield0.70%
Target Low Price50.00

Office Depot Relative Risk vs. Return Landscape

If you would invest  3,048  in Office Depot on July 6, 2022 and sell it today you would earn a total of  455.00  from holding Office Depot or generate 14.93% return on investment over 90 days. Office Depot is generating 0.2435% of daily returns assuming volatility of 2.3262% on return distribution over 90 days investment horizon. In other words, 20% of stocks are less volatile than Office, and above 96% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Office Depot is expected to generate 1.93 times more return on investment than the market. However, the company is 1.93 times more volatile than its market benchmark. It trades about 0.1 of its potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of risk.

Office Depot Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Office Depot's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Office Depot, and traders can use it to determine the average amount a Office Depot's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1047

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Estimated Market Risk
 2.33
  actual daily
 
 20 %
of total potential
 
2020
Expected Return
 0.24
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.1
  actual daily
 
 7 %
of total potential
 
77
Based on monthly moving average Office Depot is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Office Depot by adding it to a well-diversified portfolio.

About Office Depot Performance

To evaluate Office Depot Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Office Depot generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Office Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Office Depot market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Office's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The ODP Corporation was incorporated in 1986 and is headquartered in Boca Raton, Florida. Office Depot operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 26000 people.

Things to note about Office Depot

Checking the ongoing alerts about Office Depot for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Office Depot help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Office Depot Alerts

Equity Alerts and Improvement Suggestions

Over 98.0% of the company shares are owned by institutional investors
Latest headline from microcapdaily.com: GPO Plus Inc Breaking Out Northbound - MicroCap Daily
Please check Your Equity Center. Note that the Office Depot information on this page should be used as a complementary analysis to other Office Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

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When running Office Depot price analysis, check to measure Office Depot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Office Depot is operating at the current time. Most of Office Depot's value examination focuses on studying past and present price action to predict the probability of Office Depot's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Office Depot's price. Additionally, you may evaluate how the addition of Office Depot to your portfolios can decrease your overall portfolio volatility.
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Is Office Depot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Office Depot. If investors know Office will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Office Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Office Depot is measured differently than its book value, which is the value of Office that is recorded on the company's balance sheet. Investors also form their own opinion of Office Depot's value that differs from its market value or its book value, called intrinsic value, which is Office Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Office Depot's market value can be influenced by many factors that don't directly affect Office Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Office Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine Office Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Office Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.