Best Buy Backtesting

Best Buy Co Inc -- USA Stock  

USD 56.49  0.43  0.77%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Best Buy Co Inc 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
Investment Horizon     30 Days    Login   to change

Best Buy 'What if' Analysis

October 24, 2017
No Change 0.00  0.0%
In 31 days
November 23, 2017
If you would invest  0.00  in Best Buy on October 24, 2017 and sell it all today you would earn a total of 0.00 from holding Best Buy Co Inc or generate 0.0% return on investment in Best Buy over 30 days. Best Buy is related to or competes with Macys, Dollar General, Home Depot, Dollar Tree, Vipshop Holdings, and Aarons. Best Buy Co Inc operates through two reportable segments, Domestic and International

Best Buy Upside/Downside Indicators


Best Buy Market Premium Indicators

Best Buy Co lagged returns against current returns

 Current and Lagged Values 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Best Buy Co Backtested Returns

Macroaxis considers Best Buy to be not too risky. Best Buy Co secures Sharpe Ratio (or Efficiency) of -9.0E-4 which signifies that Best Buy Co had -9.0E-4% 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-eight 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 0.0071 and Mean Deviation of 1.19 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 -0.2717 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.. 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 Inc exposes twenty-eight different technical indicators which can help you to evaluate its performance. Best Buy Co has expected return of -0.0014%. Please be advised to confirm Best Buy Co Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change 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(0.31) 

Poor reverse predictability

Best Buy Co Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from October 24, 2017 to November 8, 2017 and November 8, 2017 to November 23, 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 -0.31 indicates that nearly 31.0% 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 -0.31
Spearman Rank Test -0.25
Price Variance 0.32
Lagged Price Variance 0.5

Best Buy Lagged Returns

 Regressed Prices 

Best Buy Performance vs DOW

The median price of Best Buy for the period between Tue, Oct 24, 2017 and Thu, Nov 23, 2017 is 56.35 with a coefficient of variation of 1.26. The daily time series for the period is distributed with a sample standard deviation of 0.71, arithmetic mean of 56.21, and mean deviation of 0.59. The Stock received some media coverage during the period.
Price Growth (%)  
Best Buy exotic insider transaction detected11/22/2017