Macroaxis considers Best Buy to be not too volatile.
Best Buy Co secures Sharpe Ratio (or Efficiency) of -0.2798 which signifies that
Best Buy Co had -0.2798% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and
technical indicators. Best Buy Co exposes twenty-one different
technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Best Buy Co
Risk Adjusted Performance of 0.01 and
Mean Deviation of 1.38 to double-check risk estimate we provide. Macroaxis gives Best Buy performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Best Buy are completely uncorrelated. Even though it is essential to pay attention to
Best Buy Co historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available
technical indicators. Best Buy Co exposes twenty-one different technical indicators which can help you to evaluate its performance.
Best Buy Co has expected return of -0.5429%. Please be advised to confirm Best Buy Co
Standard Deviation,
Maximum Drawdown as well as the
relationship between Maximum Drawdown and
Expected Short fall to decide if
Best Buy Co past performance will be repeated at some point in the near future.
| 15 days auto-correlation | (0.33) |
Poor reverse predictability
Best Buy Co has poor reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from April 27, 2018 to May 12, 2018 and May 12, 2018 to May 27, 2018. 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 Co price movement. The serial correlation of -0.33 indicates that nearly 33.0% 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 | -0.33 |
| Spearman Rank Test | 0.07 |
| Price Variance | 11.93 |
| Lagged Price Variance | 0.39 |
