Office Stock Alpha and Beta Analysis

ODP
 Stock
  

USD 36.19  0.11  0.30%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Office Depot. It also helps investors analyze the systematic and unsystematic risks associated with investing in Office Depot over a specified time horizon. Remember, high Office Depot's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Office Depot Backtesting, Office Depot Valuation, Office Depot Correlation, Office Depot Hype Analysis, Office Depot Volatility, Office Depot History and analyze Office Depot Performance.
  
Please note that although Office Depot alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Office Depot did 0.29  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Office Depot stock's relative risk over its benchmark. Office Depot has a beta of 0.08  . 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.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Office Depot Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Office Depot market risk premium is the additional return an investor will receive from holding Office Depot long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Office Depot. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Office Depot's performance over market.
α0.29   β0.08
90 days against DJI

Office Depot expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Office Depot's Buy-and-hold return. Our buy-and-hold chart shows how Office Depot performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Office Depot Market Price Analysis

Market price analysis indicators help investors to evaluate how Office Depot stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Office Depot shares will generate the highest return on investment. By understating and applying Office Depot stock market price indicators, traders can identify Office Depot position entry and exit signals to maximize returns.

Office Depot Return and Market Media

The median price of Office Depot for the period between Thu, Jul 7, 2022 and Wed, Oct 5, 2022 is 36.16 with a coefficient of variation of 5.97. The daily time series for the period is distributed with a sample standard deviation of 2.12, arithmetic mean of 35.57, and mean deviation of 1.49. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Office Depot exotic insider transaction detected07/14/2022
2
Payment of 11823 shares by Scaglione Diego Anthony of Office...07/22/2022
3
EPS Reported08/03/2022
4
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5
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7
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8
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9
The Home Depot Expands Reporting on Diversity, Equity and In...09/15/2022
10
GPO Plus Inc Breaking Out Northbound - MicroCap Daily09/28/2022

About Office Depot Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Office or other stocks. Alpha measures the amount that position in Office Depot has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Office Depot Upcoming Company Events

As portrayed in its financial statements, the presentation of Office Depot's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Office Depot's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Office Depot's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Office Depot. Please utilize our Beneish M Score to check the likelihood of Office Depot's management manipulating its earnings.
Upcoming Quarterly Report23rd of February 2022
Next Financial Report4th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End23rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please check Office Depot Backtesting, Office Depot Valuation, Office Depot Correlation, Office Depot Hype Analysis, Office Depot Volatility, Office Depot History and analyze Office Depot Performance. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Office Stock analysis

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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Office Depot technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Office Depot technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Office Depot trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...