Best Buy Backtesting

BBY -- USA Stock  

USD 68.42  0.49  0.71%

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

Best Buy 'What if' Analysis

June 20, 2019
No Change 0.00  0.0%
In 2 months and 31 days
September 18, 2019
If you would invest  0.00  in Best Buy on June 20, 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 BJs Wholesale, JD, Lands End, eBay, Etsy, Five Below, and 1 800. 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 Deviation3.49
Information Ratio(0.002648)
Maximum Drawdown14.67
Value At Risk(4.54)
Potential Upside2.86

Best Buy Market Premium Indicators

Risk Adjusted Performance0.0185
Jensen Alpha0.0409
Total Risk Alpha(0.07)
Sortino Ratio(0.001945)
Treynor Ratio(0.049204)

Best Buy Backtested Returns

We consider Best Buy not too volatile. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0136 which signifies that the organization had 0.0136% 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-one technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please confirm Best Buy Risk Adjusted Performance of 0.0185, Mean Deviation of 1.57 and Downside Deviation of 3.49 to double-check if risk estimate we provide are consistent with the epected return of 0.0361%. The firm shows Beta (market volatility) of -0.5059 which signifies that as returns on market increase, returns on owning Best Buy are expected to decrease at a much smaller rate. During bear market, Best Buy is likely to outperform the market. Although it is extremely important to respect Best Buy historical returns, it is better to be realistic regarding the information on 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 0.0361% will be sustainable into the future. Best Buy right now shows a risk of 2.645%. Please confirm Best Buy Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Best Buy will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.22) 
correlation synergy

Weak reverse predictability

Best Buy Co has weak reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from June 20, 2019 to August 4, 2019 and August 4, 2019 to September 18, 2019. 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 -0.22 indicates that over 22.0% 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-0.22
Spearman Rank Test0.01
Residual Average0.0
Price Variance3.58

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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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
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.