Home Depot Stock Market Value

HD -  USA Stock  

USD 308.46  5.65  1.87%

Home Depot's market value is the price at which a share of Home Depot stock trades on a public exchange. It measures the collective expectations of Home Depot investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Home Depot and determine expected loss or profit from investing in Home Depot over a given investment horizon. Please check Home Depot Hype Analysis, Home Depot Correlation, Home Depot Valuation, Home Depot Volatility, as well as analyze Home Depot Alpha and Beta and Home Depot Performance.
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Backtest


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 Depot 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.
The market value of Home Depot is measured differently than its book value, which is the value of Home Depot 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 Home Depot value 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.

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.
0.00
02/26/2022
No Change 0.00  0.0 
In 3 months and 1 day
05/27/2022
0.00
If you would invest  0.00  in Home Depot on February 26, 2022 and sell it all today you would earn a total of 0.00 from holding Home Depot or generate 0.0% return on investment in Home Depot over 90 days. The Home Depot, Inc. operates as a home improvement retailer

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 Home Depot upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Home Depot's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Home Depot in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
284.75286.92289.09
Details
Intrinsic
Valuation
LowReal ValueHigh
258.47339.77341.94
Details
Naive
Forecast
LowNext ValueHigh
296.71298.89301.06
Details
21 Analysts
Consensus
LowTarget PriceHigh
315.00409.58470.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Home Depot. Your research has to be compared to or analyzed against Home Depot's peers to derive any actionable benefits. When done correctly, Home Depot's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Home Depot.

Home Depot Backtested Returns

Home Depot holds Efficiency (Sharpe) Ratio of -0.0028, which attests that the entity had -0.0028% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Home Depot exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Home Depot Downside Deviation of 2.31, risk adjusted performance of 0.0048, and Market Risk Adjusted Performance of 0.003 to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 1.1128, which attests to a somewhat significant risk relative to the market. Let's try to break down what Home Depot's beta means in this case. Home Depot returns are very sensitive to returns on the market. As the market goes up or down, Home Depot is expected to follow. Even though it is essential to pay attention to Home Depot current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Home Depot exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Home Depot has an expected return of -0.0059%. Please be advised to check out Home Depot downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness to decide if Home Depot performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.59  

Modest predictability

Home Depot has modest predictability. Overlapping area represents the amount of predictability between Home Depot time series from 26th of February 2022 to 12th of April 2022 and 12th of April 2022 to 27th of May 2022. 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 0.59 indicates that roughly 59.0% of current Home Depot price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.46
Residual Average0.0
Price Variance78.06

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 stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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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 
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      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 Home Depot.
 Regressed Prices 
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      Timeline 

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 Depot. 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 markets does not have a solid backing from leading economists and market statisticians.

Home Depot Implied Volatility

    
  43.9  
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.

Current Sentiment - HD

Home Depot Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Home Depot. What is your judgment towards investing in Home Depot? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please check Home Depot Hype Analysis, Home Depot Correlation, Home Depot Valuation, Home Depot Volatility, as well as analyze Home Depot Alpha and Beta and Home Depot Performance. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Home Depot Stock analysis

When running Home Depot 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 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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Home Depot technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Home Depot technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Home Depot trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...