Home Depot Total Risk Alpha
| HD Stock | | | USD 341.43 -1.15 -0.34% |
Reference data associated with the Total Risk Alpha technical indicator for The Home Depot. Indicator inputs depend on available historical price observations.
The Home Depot has current Total Risk Alpha of 0.1182. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.1182 | |
| ER[a] | = | Expected return on investing in Home Depot |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Home Depot |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
The Home Depot holds the
#3 position for total risk alpha relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Total Risk Alpha ratio near
58.74 . The Maximum Drawdown to Total Risk Alpha ratio for The Home Depot comes in at
58.74 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Home Depot to Peers
Other Technical Indicators