Best Buy Technical Analysis

Best Buy Co Inc -- USA Stock  

USD 64.39  0.93  1.42%

Best Buy Co Inc shows Downside Deviation of 1.71, Risk Adjusted Performance of 0.1828 and Mean Deviation of 1.23. Best Buy Co technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Best Buy Co Inc which can be compared to its rivals. 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 is priced correctly providing market reflects its regular price of 64.39 per share. Given that Best Buy has Jensen Alpha of 0.4476, we suggest you validate Best Buy Co Inc prevailing market performance to make sure the company can sustain itself at future point.
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Best Buy Co Trend Analysis

Use this graph to draw trend lines for Best Buy Co Inc. You can use it to identify possible trend reversals for Best Buy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Best Buy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Best Buy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Best Buy Co Inc applied against its price change over selected period. The best fit line has a slop of 0.54 % which may imply that Best Buy Co Inc will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 241.28, which is the sum of squared deviations for the predicted Best Buy price change compared to its average price change.

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Performance Analysis

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Best Buy Co Inc is rated fifth in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.34  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Best Buy Co Inc is roughly  1.34