HOME DEPOT INC Market Value
| 437076BA9 | 91.98 7.16 8.44% |
| Symbol | 437076BA9 |
437076BA9 '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 437076BA9's bond 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 437076BA9.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in 437076BA9 on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding HOME DEPOT INC or generate 0.0% return on investment in 437076BA9 over 30 days. 437076BA9 is related to or competes with Datadog, Cadence Design, Uber Technologies, Arrow Electronics, Data#3, Infosys, and Analog Devices. More
437076BA9 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 437076BA9's bond 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 HOME DEPOT INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0033 | |||
| Maximum Drawdown | 15.62 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 5.4 |
437076BA9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 437076BA9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 437076BA9's standard deviation. In reality, there are many statistical measures that can use 437076BA9 historical prices to predict the future 437076BA9's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | 1.72 |
HOME DEPOT INC Backtested Returns
At this point, 437076BA9 is very steady. HOME DEPOT INC secures Sharpe Ratio (or Efficiency) of 0.0583, which signifies that the bond had a 0.0583 % return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for HOME DEPOT INC, which you can use to evaluate the volatility of the entity. Please confirm 437076BA9's Mean Deviation of 1.2, standard deviation of 2.32, and Semi Deviation of 2.23 to double-check if the risk estimate we provide is consistent with the expected return of 0.084%. The bond shows a Beta (market volatility) of 0.0566, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 437076BA9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 437076BA9 is expected to be smaller as well.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
HOME DEPOT INC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 437076BA9 time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 INC price movement. The serial correlation of -0.73 indicates that around 73.0% of current 437076BA9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 7.8 |
HOME DEPOT INC lagged returns against current returns
Autocorrelation, which is 437076BA9 bond'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 437076BA9's bond expected returns. We can calculate the autocorrelation of 437076BA9 returns to help us make a trade decision. For example, suppose you find that 437076BA9 has exhibited high autocorrelation historically, and you observe that the bond 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 |
437076BA9 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 437076BA9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 437076BA9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 437076BA9 bond over time.
Current vs Lagged Prices |
| Timeline |
437076BA9 Lagged Returns
When evaluating 437076BA9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 437076BA9 bond have on its future price. 437076BA9 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, 437076BA9 autocorrelation shows the relationship between 437076BA9 bond current value and its past values and can show if there is a momentum factor associated with investing in HOME DEPOT INC.
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 437076BA9 Bond
437076BA9 financial ratios help investors to determine whether 437076BA9 Bond 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 437076BA9 with respect to the benefits of owning 437076BA9 security.