Best Buy Co Backtested Returns
Macroaxis considers Best Buy to be not too volatile. Best Buy Co
secures Sharpe Ratio (or Efficiency) of -0.1946 which signifies that Best Buy Co
had -0.1946% 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 Inc 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 (0.058103) and Mean Deviation of 1.96 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 -1.2791 which signifies that as returns on market increase, returns on owning Best Buy are expected to decrease by larger amounts. On the other hand, during market turmoil, Best Buy is expected to significantly outperform it.. 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 patternss. 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Best Buy Co has expected return of -0.6745%. 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.
|15 days auto-correlation||(0.24) |
Weak reverse predictability
Best Buy Co Inc has weak reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from August 26, 2017 to September 10, 2017 and September 10, 2017 to September 25, 2017. 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 -0.24 indicates that over 24.0% of current Best Buy price fluctuation can be explain by its past prices. Given that Best Buy Co Inc 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|| -0.24|
|Spearman Rank Test|| -0.58|
|Price Variance|| 5.23|
|Lagged Price Variance|| 5.22|
Best Buy Lagged Returns