Best Buy Backtesting

BBY -- USA Stock  

Fiscal Quarter End: January 31, 2020  

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

September 8, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
December 7, 2019
0.00
If you would invest  0.00  in Best Buy on September 8, 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 90 days. Best Buy is related to or competes with 1 800, Advance Auto, Build A, Five Below, Acorn International, CSS Industries, and BJs Wholesale. 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 Deviation1.58
Information Ratio0.1419
Maximum Drawdown11.64
Value At Risk(2.30)
Potential Upside2.59

Best Buy Market Premium Indicators

Risk Adjusted Performance0.1149
Jensen Alpha0.2488
Total Risk Alpha0.1375
Sortino Ratio0.178
Treynor Ratio0.2265

Best Buy Backtested Returns

Macroaxis considers Best Buy very steady given 3 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.1457 which signifies that the organization had 0.1457% of return per unit of risk over the last 3 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 Downside Deviation of 1.58, Risk Adjusted Performance of 0.1149 and Mean Deviation of 1.41 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 9. The firm shows Beta (market volatility) of 1.5226 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 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 0.2844% 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 0.49 
correlation synergy

Average predictability

Best Buy Co has average predictability. Overlapping area represents the amount of predictability between Best Buy time series from September 8, 2019 to October 23, 2019 and October 23, 2019 to December 7, 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 0.49 indicates that about 49.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.2
Residual Average0.0
Price Variance8.74

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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Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and 1 800 FLOWERS. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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