Best Buy Backtesting

BBY -- USA Stock  

USD 81.43  2.05  2.58%

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.
 Time Horizon     30 Days    Login   to change

Best Buy 'What if' Analysis

July 22, 2018
No Change 0.00  0.0%
In 31 days
August 21, 2018
If you would invest  0.00  in Best Buy on July 22, 2018 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 30 days. Best Buy is related to or competes with Macys, Dollar General, Home Depot, Dollar Tree, Vipshop Holdings, Aarons, and BEST BUY. 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 Deviation1.86
Information Ratio0.1901
Maximum Drawdown4.63
Value At Risk2.08
Potential Upside2.04

Best Buy Market Premium Indicators

Risk Adjusted Performance0.1098
Jensen Alpha0.2954
Total Risk Alpha0.2086
Sortino Ratio0.1405
Treynor Ratio1.31

Best Buy Co Backtested Returns

We consider Best Buy not too risky. Best Buy Co secures Sharpe Ratio (or Efficiency) of 0.1423 which signifies that Best Buy Co had 0.1423% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company 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 Co Downside Deviation of 1.86, Risk Adjusted Performance of 0.1098 and Mean Deviation of 1.05 to double-check if risk estimate we provide are consistent with the epected return of 0.1819%. Best Buy has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2208 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 Co 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 Co technical indicators you can presently evaluate if the expected return of 0.1819% will be sustainable into the future. Best Buy Co right now shows a risk of 1.2783%. Please 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 will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.20 

Weak predictability

Best Buy Co has weak predictability. Overlapping area represents the amount of predictability between Best Buy time series from July 22, 2018 to August 6, 2018 and August 6, 2018 to August 21, 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 0.2 indicates that over 20.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient 0.2
Spearman Rank Test 0.62
Price Variance 0.98
Lagged Price Variance 0.45

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 Lagged Returns

 Regressed Prices 

Current Sentiment - BBY

Best Buy Co Investor Sentiment
Predominant part of Macroaxis users are currently bullish on Best Buy Co. What is your opinion about investing in Best Buy Co? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Best Buy and Macys. 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
Run Pair Correlation  
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 Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.