Best Buy Backtesting

BBY -- USA Stock  

USD 74.78  0.94  1.27%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Best Buy Co and determine expected loss or profit from investing in Best Buy over given investment horizon. Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance.
Horizon     30 Days    Login   to change

Best Buy 'What if' Analysis

May 20, 2019
No Change 0.00  0.0%
In 2 months and 1 day
July 19, 2019
If you would invest  0.00  in Best Buy on May 20, 2019 and sell it all today you would earn a total of 0.00 from holding Best Buy Co or generate 0.0% return on investment in Best Buy over 60 days. Best Buy is related to or competes with eBay, Etsy, AutoZone, Advance Auto, Bjs Wholesale, Acorn International, and 1 800. Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, ...

Best Buy Upside/Downside Indicators

Downside Deviation1.76
Information Ratio0.0256
Maximum Drawdown6.46
Value At Risk(1.63)
Potential Upside2.64

Best Buy Market Premium Indicators

Risk Adjusted Performance0.0717
Jensen Alpha(0.036356)
Total Risk Alpha(0.14)
Sortino Ratio0.0245
Treynor Ratio0.0956

Best Buy Backtested Returns

We consider Best Buy very steady. Best Buy secures Sharpe Ratio (or Efficiency) of 0.1044 which signifies that the organization had 0.1044% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please confirm Best Buy Downside Deviation of 1.76, Mean Deviation of 1.26 and Risk Adjusted Performance of 0.0717 to double-check if risk estimate we provide are consistent with the epected return of 0.1773%. Best Buy has performance score of 7 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.6767 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform. Although it is extremely important to respect Best Buy historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Best Buy technical indicators you can presently evaluate if the expected return of 0.1773% will be sustainable into the future. Best Buy right now shows a risk of 1.6989%. Please confirm Best Buy Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Best Buy will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.23) 
correlation synergy

Weak reverse predictability

Best Buy Co has weak reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from May 20, 2019 to June 19, 2019 and June 19, 2019 to July 19, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Best Buy price movement. The serial correlation of -0.23 indicates that over 23.0% of current Best Buy price fluctuation can be explain by its past prices. Given that Best Buy Co has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Best Buy for similar time interval.
Correlation Coefficient-0.23
Spearman Rank Test0.04
Residual Average0.0
Price Variance7.36

Best Buy lagged returns against current returns

 Current and Lagged Values 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Best Buy Lagged Returns

 Regressed Prices 

Current Sentiment - BBY

Best Buy Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Best Buy Co. What is your opinion about investing in Best Buy Co? Are you bullish or bearish?
98% Bullish
2% Bearish

Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and eBay. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.