Macroaxis considers Best Buy to be not too volatile. Best Buy Co
secures Sharpe Ratio (or Efficiency) of -0.1467 which signifies that Best Buy Co
had -0.1467% 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-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 0.17 and Mean Deviation of 1.68 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 1.1552 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.. 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-eight different technical indicators which can help you to evaluate its performance. Best Buy Co has expected return of -0.3589%. 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.
|15 days auto-correlation|| 0.49 |
Best Buy Co has average predictability. Overlapping area represents the amount of predictability between Best Buy time series from October 17, 2018 to November 1, 2018 and November 1, 2018 to November 16, 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 0.49 indicates that about 49.0% of current Best Buy price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.33|