Home Depot (Brazil) Market Value
| HOME34 Stock | BRL 87.00 2.18 2.57% |
| Symbol | Home |
Home Depot 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Home Depot's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Home Depot.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Home Depot on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding The Home Depot or generate 0.0% return on investment in Home Depot over 30 days. Home Depot is related to or competes with Unity Software, TAL Education, Micron Technology, Cognizant Technology, Trade Desk, United Rentals, and Livetech. The Home Depot, Inc. operates as a home improvement retailer More
Home Depot Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Home Depot's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Home Depot upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.51 |
Home Depot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home Depot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Depot's standard deviation. In reality, there are many statistical measures that can use Home Depot historical prices to predict the future Home Depot's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.3011 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0841 | |||
| Treynor Ratio | (2.98) |
Home Depot Backtested Returns
Home Depot appears to be very steady, given 3 months investment horizon. Home Depot holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Home Depot, which you can use to evaluate the volatility of the firm. Please utilize Home Depot's Risk Adjusted Performance of 0.1202, market risk adjusted performance of (2.97), and Downside Deviation of 2.0 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Home Depot holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.0972, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Home Depot are expected to decrease at a much lower rate. During the bear market, Home Depot is likely to outperform the market. Please check Home Depot's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Home Depot's current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
The Home Depot has very good reverse predictability. Overlapping area represents the amount of predictability between Home Depot time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Home Depot price movement. The serial correlation of -0.69 indicates that around 69.0% of current Home Depot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Home Depot lagged returns against current returns
Autocorrelation, which is Home Depot stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Home Depot's stock expected returns. We can calculate the autocorrelation of Home Depot returns to help us make a trade decision. For example, suppose you find that Home Depot has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Home Depot regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Home Depot stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Depot stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Depot stock over time.
Current vs Lagged Prices |
| Timeline |
Home Depot Lagged Returns
When evaluating Home Depot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Depot stock have on its future price. Home Depot autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Home Depot autocorrelation shows the relationship between Home Depot stock current value and its past values and can show if there is a momentum factor associated with investing in The Home Depot.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Home Stock
Home Depot financial ratios help investors to determine whether Home Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Home with respect to the benefits of owning Home Depot security.