Home Financial Statements From 2010 to 2026
| HD Stock | 21.69 0.06 0.28% |
Market Capitalization 343.5 B | Enterprise Value Revenue 2.4501 | Earnings Share 14.6603 |
Check Home Depot financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Home Depot's main balance sheet or income statement drivers, such as , as well as many indicators such as . Home financial statements analysis is a perfect complement when working with Home Depot Valuation or Volatility modules.
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Home Depot CDR Company Price To Earning Analysis
Home Depot's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Home Depot Price To Earning | 21.02 X |
Most of Home Depot's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Home Depot CDR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Home Depot CDR has a Price To Earning of 21.02 times. This is much higher than that of the Horizons BetaPro ETFs sector and significantly higher than that of the Miscellaneous - Leveraged industry. The price to earning for all Canada stocks is notably lower than that of the firm.
Home Depot CDR Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Home Depot's current stock value. Our valuation model uses many indicators to compare Home Depot value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Home Depot competition to find correlations between indicators driving Home Depot's intrinsic value. More Info.Home Depot CDR is one of the top stocks in return on equity category among its peers. It also is rated as one of the top companies in current valuation category among its peers reporting about 3,444,153,608 of Current Valuation per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Home Depot by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Home Depot's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Home Depot Financial Statements
Home Depot investors utilize fundamental indicators, such as revenue or net income, to predict how Home Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Home Depot is entity of Canada. It is traded as Stock on TO exchange.
Pair Trading with Home Depot
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Home Depot position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Home Depot will appreciate offsetting losses from the drop in the long position's value.Moving against Home Stock
| 0.75 | ENB-PFA | Enbridge Pref 9 | PairCorr |
| 0.7 | MU | Micron Technology | PairCorr |
| 0.63 | GUD | Knight Therapeutics | PairCorr |
| 0.63 | FEC | Frontera Energy Corp | PairCorr |
| 0.61 | JNJ | Johnson Johnson CDR | PairCorr |
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.
The correlation of Home Depot is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Home Depot can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.