Best Buy Backtesting

BBY -- USA Stock  

USD 67.86  1.82  2.76%

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 22, 2019
No Change 0.00  0.0%
In 2 months and 2 days
August 21, 2019
If you would invest  0.00  in Best Buy on June 22, 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 60 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 Deviation3.33
Information Ratio0.0336
Maximum Drawdown14.67
Value At Risk(4.54)
Potential Upside2.76

Best Buy Market Premium Indicators

Risk Adjusted Performance0.0226
Jensen Alpha0.1323
Total Risk Alpha0.1911
Sortino Ratio0.027
Treynor Ratio0.0204

Best Buy Backtested Returns

We consider Best Buy very steady. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0186 which signifies that the organization had 0.0186% of return per unit of risk over the last 2 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 Downside Deviation of 3.33, Mean Deviation of 1.68 and Risk Adjusted Performance of 0.0226 to double-check if risk estimate we provide are consistent with the epected return of 0.0502%. Best Buy has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.8017 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 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 0.0502% will be sustainable into the future. Best Buy right now shows a risk of 2.7041%. 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(0.72) 
correlation synergy

Almost perfect reverse predictability

Best Buy Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 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 -0.72 indicates that around 72.0% 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-0.72
Spearman Rank Test-0.83
Residual Average0.0
Price Variance23.99

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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Volatility Analysis

Get historical volatility and risk analysis based on latest market data
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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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.