Best Buy Stock Forecast - Daily Balance Of Power
| BBY Stock | USD 86.94 2.12 2.50% |
Best Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Best Buy stock prices and determine the direction of Best Buy Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Best Buy's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Best Buy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Best Buy's systematic risk associated with finding meaningful patterns of Best Buy fundamentals over time.
Check out Historical Fundamental Analysis of Best Buy to cross-verify your projections. Best |
Open Interest Against 2024-06-07 Best Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Best Buy's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Best Buy's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Best Buy stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Best Buy's open interest, investors have to compare it to Best Buy's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Best Buy is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Best. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Best Buy cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Best Buy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Best Buy's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Best Buy Co market sensitivity to bulls and bears. It estimates the ability of Best Buy buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Best Buy Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.6209 | 0.8061 |
| Check Best Buy Volatility | Backtest Best Buy | Information Ratio |
Best Buy Trading Date Momentum
| On June 03 2024 Best Buy Co was traded for 86.94 at the closing time. Highest Best Buy's price during the trading hours was 87.72 and the lowest price during the day was 85.09 . The net volume was 9.9 M. The overall trading history on the 3rd of June did not affect price variability. The overall trading delta to current price is 1.41% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Best Buy to competition |
Other Forecasting Options for Best Buy
For every potential investor in Best, whether a beginner or expert, Best Buy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Best Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Best. Basic forecasting techniques help filter out the noise by identifying Best Buy's price trends.Best Buy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Best Buy stock to make a market-neutral strategy. Peer analysis of Best Buy could also be used in its relative valuation, which is a method of valuing Best Buy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Best Buy Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Best Buy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Best Buy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Best Buy Market Strength Events
Market strength indicators help investors to evaluate how Best Buy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Best Buy shares will generate the highest return on investment. By undertsting and applying Best Buy stock market strength indicators, traders can identify Best Buy Co entry and exit signals to maximize returns.
Best Buy Risk Indicators
The analysis of Best Buy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Best Buy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting best stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.51 | |||
| Semi Deviation | 1.52 | |||
| Standard Deviation | 2.34 | |||
| Variance | 5.46 | |||
| Downside Variance | 2.69 | |||
| Semi Variance | 2.31 | |||
| Expected Short fall | (1.75) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| MSFT | Microsoft | |
| CRM | Salesforce | |
| GOOG | Alphabet Inc Class C |
Additional Tools for Best Stock Analysis
When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.