Home Depot Correlations
| HD Stock | 21.63 0.12 0.55% |
The current 90-days correlation between Home Depot CDR and Bank of America is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Home Depot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home Depot CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Home Depot Correlation With Market
Very weak diversification
The correlation between Home Depot CDR and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home Depot CDR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Home Depot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Home Depot when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Home Depot - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Home Depot CDR to buy it.
Moving together with Home Stock
Moving against Home Stock
| 0.8 | FEC | Frontera Energy Corp | PairCorr |
| 0.6 | GUD | Knight Therapeutics | PairCorr |
| 0.6 | AOV | Amotiv Limited | PairCorr |
| 0.57 | XOM | EXXON MOBIL CDR | PairCorr |
| 0.55 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.52 | IMG | IAMGold | PairCorr |
| 0.51 | ELD | Eldorado Gold Corp | PairCorr |
| 0.49 | ENB-PFA | Enbridge Pref 9 | PairCorr |
| 0.34 | MU | Micron Technology | PairCorr |
| 0.31 | PSI | Pason Systems | PairCorr |
| 0.76 | PTEC | Principal Technologies | PairCorr |
| 0.75 | ISRG | Intuitive Surgical CDR | PairCorr |
| 0.73 | DOL | Dollarama | PairCorr |
| 0.6 | LA | Los Andes Copper | PairCorr |
| 0.57 | BNE | Bonterra Energy Corp | PairCorr |
| 0.57 | POW | Power | PairCorr |
| 0.55 | EFX | Enerflex | PairCorr |
| 0.47 | AZT | Aztec Minerals Corp | PairCorr |
| 0.43 | GMG | Graphene Manufacturing | PairCorr |
| 0.41 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.34 | MSV | Minco Silver | PairCorr |
Related Correlations Analysis
| 0.74 | 0.44 | 0.77 | 0.61 | 0.61 | JPM | ||
| 0.74 | 0.3 | 0.9 | 0.85 | 0.86 | BOFA | ||
| 0.44 | 0.3 | 0.6 | 0.62 | 0.56 | BNP | ||
| 0.77 | 0.9 | 0.6 | 0.95 | 0.95 | CITI | ||
| 0.61 | 0.85 | 0.62 | 0.95 | 0.98 | RY | ||
| 0.61 | 0.86 | 0.56 | 0.95 | 0.98 | TD | ||
Risk-Adjusted Indicators
There is a big difference between Home Stock performing well and Home Depot Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Home Depot's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JPM | 1.00 | 0.01 | (0.01) | 0.06 | 1.44 | 1.78 | 6.56 | |||
| BOFA | 1.02 | 0.07 | 0.03 | 0.19 | 1.21 | 1.80 | 8.14 | |||
| BNP | 0.97 | 0.12 | 0.02 | 2.25 | 1.91 | 2.32 | 14.26 | |||
| CITI | 1.24 | 0.14 | 0.09 | 0.19 | 1.43 | 2.24 | 9.57 | |||
| RY | 0.60 | 0.20 | 0.23 | 0.77 | 0.34 | 1.49 | 3.22 | |||
| TD | 0.62 | 0.23 | 0.26 | 0.67 | 0.38 | 1.76 | 3.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Home Depot without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Home Depot Corporate Management
Elected by the shareholders, the Home Depot's board of directors comprises two types of representatives: Home Depot inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Home. The board's role is to monitor Home Depot's management team and ensure that shareholders' interests are well served. Home Depot's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Home Depot's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Isabel Janci | VP Treasurer | Profile | |
| Teresa JD | General VP | Profile | |
| Angie Brown | Executive Officer | Profile | |
| Paul Antony | Senior Technology | Profile | |
| Kimberly Scardino | Chief Finance | Profile | |
| Haydn Chilcott | Senior Operations | Profile |