HOME DEPOT INC Market Value

437076BK7   97.77  1.40  1.41%   
437076BK7's market value is the price at which a share of 437076BK7 trades on an exchange. It measures the collective expectations of HOME DEPOT INC investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of HOME DEPOT INC and determine expected loss or profit from investing in 437076BK7 over a given investment horizon.
Check out 437076BK7 Correlation, 437076BK7 Volatility and 437076BK7 Alpha and Beta module to complement your research on 437076BK7.
Symbol

Please note, there is a significant difference between 437076BK7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 437076BK7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 437076BK7'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.

437076BK7 '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 437076BK7'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 437076BK7.
0.00
11/12/2024
No Change 0.00  0.0 
In 31 days
12/12/2024
0.00
If you would invest  0.00  in 437076BK7 on November 12, 2024 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 437076BK7 over 30 days. 437076BK7 is related to or competes with Lion One, Analog Devices, Minerals Technologies, Evertz Technologies, Digi International, East Africa, and Valneva SE. More

437076BK7 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 437076BK7'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.

437076BK7 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for 437076BK7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 437076BK7's standard deviation. In reality, there are many statistical measures that can use 437076BK7 historical prices to predict the future 437076BK7's volatility.
Hype
Prediction
LowEstimatedHigh
97.5697.7797.98
Details
Intrinsic
Valuation
LowRealHigh
92.8493.05107.55
Details
Naive
Forecast
LowNextHigh
97.6197.8298.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
96.2697.9099.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 437076BK7. Your research has to be compared to or analyzed against 437076BK7's peers to derive any actionable benefits. When done correctly, 437076BK7's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HOME DEPOT INC.

HOME DEPOT INC Backtested Returns

HOME DEPOT INC secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of price deviation over the last 3 months. HOME DEPOT INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 437076BK7's Mean Deviation of 0.252, coefficient of variation of (3,104), and Information Ratio of (0.24) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0575, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 437076BK7 are expected to decrease at a much lower rate. During the bear market, 437076BK7 is likely to outperform the market.

Auto-correlation

    
  0.27  

Poor predictability

HOME DEPOT INC has poor predictability. Overlapping area represents the amount of predictability between 437076BK7 time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 INC price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current 437076BK7 price fluctuation can be explain by its past prices.
Correlation Coefficient0.27
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.43

HOME DEPOT INC lagged returns against current returns

Autocorrelation, which is 437076BK7 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 437076BK7's bond expected returns. We can calculate the autocorrelation of 437076BK7 returns to help us make a trade decision. For example, suppose you find that 437076BK7 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  

437076BK7 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 437076BK7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 437076BK7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 437076BK7 bond over time.
   Current vs Lagged Prices   
       Timeline  

437076BK7 Lagged Returns

When evaluating 437076BK7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 437076BK7 bond have on its future price. 437076BK7 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, 437076BK7 autocorrelation shows the relationship between 437076BK7 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 437076BK7 Bond

437076BK7 financial ratios help investors to determine whether 437076BK7 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 437076BK7 with respect to the benefits of owning 437076BK7 security.