Home Depot Probability of Target Price Finishing Above 224.15

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HD -- USA Stock  

Fiscal Quarter End: January 31, 2020  

Home Depot probability of target price tool provides mechanism to make assumptions about upside and downside potential of Home Depot performance during a given time horizon utilizing its historical volatility. Please specify Home Depot time horizon, a valid symbol (red box) and a target price (blue box) you would like Home Depot odds to be computed. Plese check Home Depot Backtesting, Home Depot Valuation, Home Depot Correlation, Home Depot Hype Analysis, Home Depot Volatility, Home Depot History as well as Home Depot Performance.
Horizon     30 Days    Login   to change
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Home Depot Target Price Odds to finish below 224.15

Current PriceHorizonTarget PriceOdds to drop to $ 224.15  or more in 30 days
 224.59 30 days 224.15 
about 43.63
Based on normal probability distribution, the odds of Home Depot to drop to $ 224.15  or more in 30 days from now is about 43.63 (This Home Depot probability density function shows the probability of Home Depot Stock to fall within a particular range of prices over 30 days) . Probability of Home Depot price to stay between $ 224.15  and its current price of $224.59 at the end of the 30-day period is roughly 2.05 .
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.22 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Home Depot will likely underperform. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Home Depot is significantly underperforming DOW.
 Home Depot Price Density 
    
  Price 
α
Alpha over DOW
=0.19
β
Beta against DOW=1.22
σ
Overall volatility
=8.51
Ir
Information ratio =0.15

Home Depot Alerts and Suggestions

Home Depot generates negative expected return over the last 30 days
About 72.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Exercise or conversion by Edward Decker of 10000 shares of Home Depot subject to Rule 16b-3

Home DepotPrice Density Drivers

Shares Percent Shares Out0.72%
Trailing Annual Dividend Rate5.44
Short Percent Of Float0.71%
Float Shares1.09B
Shares Short Prior Month11.29M
Average Daily Volume Last 10 Day5.24M
Average Daily Volume In Three Month4.55M
Date Short InterestDecember 13, 2019
Trailing Annual Dividend Yield2.44%