Best Buy Risk Analysis And Volatility

<div class='circular--portrait' style='background:#754DEB;color: white;font-size:3em;padding-top: 35px;;'>BES</div>
BBY -- USA Stock  

Fiscal Quarter End: January 31, 2020  

Macroaxis considers Best Buy very steady given 3 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.1945 which signifies that the organization had 0.1945% 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-seven 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 1.08, Downside Deviation of 1.29 and Risk Adjusted Performance of 0.1219 to double-check if our risk estimates are consistent with your expectations.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

Best Buy Market Sensitivity

Best Buy returns are very sensitive to returns on the market. As market goes up or down, Best Buy is expected to follow.
3 Months Beta |Analyze Best Buy Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 0.9768

Best Buy Central Daily Price Deviation

Best Buy Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Best Buy Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Best Buy moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Best Buy Projected Return Density Against Market

Considering 30-days investment horizon, Best Buy has beta of 0.9768 . This suggests Best Buy Co market returns are sensitive to returns on the market. As the market goes up or down, Best Buy is expected to follow. Moreover, The company has an alpha of 0.2437 implying that it can potentially generate 0.2437% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
    
  Returns 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is 514.23. The daily returns are destributed with a variance of 2.84 and standard deviation of 1.69. The mean deviation of Best Buy Co is currently at 1.06. For similar time horizon, the selected benchmark (DOW) has volatility of 0.62
α
Alpha over DOW
=0.24
β
Beta against DOW=0.98
σ
Overall volatility
=1.69
Ir
Information ratio =0.14

Best Buy Return Volatility

the company has volatility of 1.6857% on return distribution over 30 days investment horizon. the entity inherits 0.5285% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

Best Buy Investment Opportunity

Best Buy Co has a volatility of 1.69 and is 3.19 times more volatile than DOW. 15  of all equities and portfolios are less risky than Best Buy. Compared to the overall equity markets, volatility of historical daily returns of Best Buy Co is lower than 15 () of all global equities and portfolios over the last 30 days. Use Best Buy Co to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Best Buy to be traded at $97.78 in 30 days. . Best Buy returns are very sensitive to returns on the market. As market goes up or down, Best Buy is expected to follow.

Best Buy correlation with market

correlation synergy
Weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Best Buy Co Inc and equity matching DJI index in the same portfolio.

Best Buy Current Risk Indicators

Best Buy Suggested Diversification Pairs

Continue to Trending Equities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
Company logos by clearbit