Best Buy Backtesting

BBY -- USA Stock  

USD 66.43  1.35  1.99%

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

October 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
November 19, 2018
0.00
If you would invest  0.00  in Best Buy on October 20, 2018 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 30 days. Best Buy is related to or competes with Bjs Wholesale, JD, Lands End, eBay, Etsy, EVINE Live, and Five Below. Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, ...

Best Buy Upside/Downside Indicators

Information Ratio0.16
Maximum Drawdown11.59
Value At Risk3.80
Potential Upside3.72
  

Best Buy Market Premium Indicators

Risk Adjusted Performance0.18
Jensen Alpha0.39
Total Risk Alpha0.39
Treynor Ratio0.34

Best Buy Co Backtested Returns

Macroaxis considers Best Buy to be not too volatile. Best Buy Co secures Sharpe Ratio (or Efficiency) of -0.152 which signifies that Best Buy Co had -0.152% 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 0.18 and Mean Deviation of 1.69 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 1.1257 which signifies that Best Buy returns are very sensitive to returns on the market. as market goes up or down, Best Buy is expected to follow.. 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 -0.3669%. 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.11) 
correlation synergy

Insignificant reverse predictability

Best Buy Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from October 20, 2018 to November 4, 2018 and November 4, 2018 to November 19, 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 -0.11 indicates that less than 11.0% 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-0.11
Spearman Rank Test-0.02
Residual Average0.0
Price Variance6.66

Best Buy Co 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 

Current Sentiment - BBY

Best Buy Co Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Best Buy Co. What is your opinion about investing in Best Buy Co? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and Bjs Wholesale Club. 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
Run Pair Correlation  
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 Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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