Best Buy Backtesting

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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. Continue to 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

Best Buy 'What if' Analysis

October 25, 2019
No Change 0.00  0.0 
In 3 months and 1 day
January 23, 2020
If you would invest  0.00  in Best Buy on October 25, 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 Five Below, Acorn International, 1 800, CSS Industries, Advance Auto, Build A, and AutoZone. 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 Deviation1.26
Information Ratio0.1434
Maximum Drawdown11.64
Value At Risk(1.71)
Potential Upside2.15

Best Buy Market Premium Indicators

Risk Adjusted Performance0.1111
Jensen Alpha0.2165
Total Risk Alpha(0.08)
Sortino Ratio0.1894
Treynor Ratio0.3049

Best Buy Backtested Returns

Macroaxis considers Best Buy very steady given 3 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.2028 which signifies that the organization had 0.2028% 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-eight technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please makes use of Best Buy Risk Adjusted Performance of 0.1111, Downside Deviation of 1.26 and Mean Deviation of 1.08 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 1.1846 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 0.3455% will be sustainable into the future. Please makes use of Best Buy Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to make a quick decision on weather Best Buy price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.71 
correlation synergy

Good predictability

Best Buy Co has good predictability. Overlapping area represents the amount of predictability between Best Buy time series from October 25, 2019 to December 9, 2019 and December 9, 2019 to January 23, 2020. 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 0.71 indicates that around 71.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.65
Residual Average0.0
Price Variance4.57

Best Buy lagged returns against current returns

 Current and Lagged Values 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Best Buy Lagged Returns

 Regressed Prices 

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Money Flow Index

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Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and Five Below. 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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Continue to 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 Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.