Best Buy Co Inc vs. AT&T INC.
Considering 30-days investment horizon, Best Buy Co is expected to generate 1.21 times more return on investment than T. However, Best Buy is 1.21 times more volatile than T. It trades about 0.05 of its potential returns per unit of risk. T is currently generating about -0.05 per unit of risk. If you would invest 7,595 in Best Buy Co on May 23, 2018 and sell it today you would earn a total of 128.00 from holding Best Buy Co or generate 1.69% return on investment over 30 days.
Pair Corralation between Best Buy and T
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Best Buy Co Inc and AT&T INC. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on T and Best Buy is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Best Buy Co are associated (or correlated) with T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of T has no effect on the direction of Best Buy i.e. Best Buy and T go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Best Buy Co are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days T has generated negative risk-adjusted returns adding no value to investors with long positions.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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