Best Buy Backtesting

BBY -- USA Stock  

USD 69.11  1.00  1.43%

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
SymbolX
Backtest

Best Buy 'What if' Analysis

January 22, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
March 23, 2019
0.00
If you would invest  0.00  in Best Buy on January 22, 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 Bjs Wholesale, JD, Lands End, eBay, Etsy, EVINE Live, and Five Below. 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 Deviation0.9508
Information Ratio0.1509
Maximum Drawdown15.61
Value At Risk(1.30)
Potential Upside2.41

Best Buy Market Premium Indicators

Risk Adjusted Performance0.1376
Jensen Alpha0.3859
Total Risk Alpha0.207
Sortino Ratio0.373
Treynor Ratio0.8112

Best Buy Backtested Returns

Macroaxis considers Best Buy not too volatile given 2 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.2022 which signifies that the organization had 0.2022% 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 makes use of Best Buy Mean Deviation of 1.15, Downside Deviation of 0.9508 and Risk Adjusted Performance of 0.1376 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Best Buy holds performance score of 13. The firm shows Beta (market volatility) of 0.5168 which signifies that as returns on market increase, Best Buy returns are expected to increase less than the market. However during bear market, the loss on holding Best Buy will be expected to be smaller as well. Although it is vital to follow to Best Buy historical returns, it is good to be conservative about what you can actually do with the information regarding 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 0.4765% will be sustainable into the future. Please makes use of Best Buy Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to make a quick decision on weather Best Buy price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.74 
correlation synergy

Good predictability

Best Buy Co has good predictability. Overlapping area represents the amount of predictability between Best Buy time series from January 22, 2019 to February 21, 2019 and February 21, 2019 to March 23, 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 0.74 indicates that around 74.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.75
Residual Average0.0
Price Variance11.39

Best Buy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Best Buy Lagged Returns

 Regressed Prices 
      Timeline 

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Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and Bjs Wholesale Club. 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
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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 Money Managers module to screen money managers from public funds and etfs managed around the world.
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