Home Depot Stock Forecast - Mean Deviation
| HD Stock | USD 337.93 4.94 1.44% |
Home Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Home Depot stock prices and determine the direction of Home Depot's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Home Depot's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Home Depot's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Home Depot's systematic risk associated with finding meaningful patterns of Home Depot fundamentals over time.
Check out Historical Fundamental Analysis of Home Depot to cross-verify your projections. Home |
Open Interest Against 2024-04-19 Home Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Home Depot's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Home Depot's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Home Depot stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Home Depot's open interest, investors have to compare it to Home Depot's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Home Depot is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Home. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Home Depot cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Home Depot's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Home Depot's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Home Depot Volatility | Backtest Home Depot | Information Ratio |
Home Depot Trading Date Momentum
| On April 16 2024 Home Depot was traded for 337.93 at the closing time. The highest price during the trading period was 346.08 and the lowest recorded bid was listed for 337.19 . There was no trading activity during the period 0.0. Lack of trading volume on April 16, 2024 did not cause price change. The trading delta at closing time to the current price is 2.36% . |
| Compare Home Depot to competition |
Other Forecasting Options for Home Depot
For every potential investor in Home, whether a beginner or expert, Home Depot's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Home Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Home. Basic forecasting techniques help filter out the noise by identifying Home Depot's price trends.Home Depot Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Home Depot stock to make a market-neutral strategy. Peer analysis of Home Depot could also be used in its relative valuation, which is a method of valuing Home Depot by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Home Depot Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Home Depot's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Home Depot's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Home Depot Market Strength Events
Market strength indicators help investors to evaluate how Home 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 Home Depot shares will generate the highest return on investment. By undertsting and applying Home Depot stock market strength indicators, traders can identify Home Depot entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0257 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 341.64 | |||
| Day Typical Price | 340.4 | |||
| Market Facilitation Index | 8.89 | |||
| Price Action Indicator | (6.17) | |||
| Period Momentum Indicator | (4.94) |
Home Depot Risk Indicators
The analysis of Home Depot's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Home Depot's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting home stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.949 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.5 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Home Depot Investors Sentiment
The influence of Home Depot's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Home. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Home Depot's public news can be used to forecast risks associated with an investment in Home. The trend in average sentiment can be used to explain how an investor holding Home can time the market purely based on public headlines and social activities around Home Depot. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Home Depot's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Home Depot's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Home Depot's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Home Depot.
Home Depot Implied Volatility | 48.07 |
Home Depot's implied volatility exposes the market's sentiment of Home Depot stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Home Depot's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Home Depot stock will not fluctuate a lot when Home Depot's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Home Depot in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Home Depot's short interest history, or implied volatility extrapolated from Home Depot options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Home Depot to cross-verify your projections. For information on how to trade Home Stock refer to our How to Trade Home Stock guide.Note that the Home Depot information on this page should be used as a complementary analysis to other Home 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 the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Home Stock analysis
When running Home Depot's price analysis, check to measure Home 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 Home Depot is operating at the current time. Most of Home Depot's value examination focuses on studying past and present price action to predict the probability of Home Depot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Depot's price. Additionally, you may evaluate how the addition of Home Depot to your portfolios can decrease your overall portfolio volatility.
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Is Home 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 Home Depot. If investors know Home 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 Home Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 8.52 | Earnings Share 15.12 | Revenue Per Share 152.822 | Quarterly Revenue Growth (0.03) |
The market value of Home Depot is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home 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 Home Depot's market value can be influenced by many factors that don't directly affect Home 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 Home Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Home Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home 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.