Macroaxis considers Best Buy to be very steady. Best Buy secures Sharpe Ratio (or Efficiency) of -0.0249 which signifies that the organization had -0.0249% of return per unit of risk over the last 3 months. 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Best Buy Mean Deviation of 1.81 and Risk Adjusted Performance of
(0.013783) to double-check risk estimate we provide.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Responds to market
|Horizon||30 Days Login to change|
Best Buy Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform. 3 Months Beta |Analyze Best Buy Demand TrendCheck current 30 days Best Buy correlation with market (DOW)|
β = 1.4905
Best Buy Central Daily Price Deviation
Best Buy Technical Analysis
Best Buy Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.4905 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Best Buy will likely underperform. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Best Buy is significantly underperforming DOW.
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of Best Buy is -4018.08. The daily returns are destributed with a variance of 7.32 and standard deviation of 2.71. The mean deviation of Best Buy Co is currently at 1.85. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
|Alpha over DOW||=||0.04|
|Beta against DOW||=||1.49|
Best Buy Return Volatilitythe company has volatility of 2.7064% on return distribution over 30 days investment horizon. the entity inherits 0.9852% risk (volatility on return distribution) over the 30 days horizon.
Best Buy Investment Opportunity
Best Buy Co has a volatility of 2.71 and is 2.74 times more volatile than DOW. 24 of all equities and portfolios are less risky than Best Buy. Compared to the overall equity markets, volatility of historical daily returns of Best Buy Co is lower than 24 () of all global equities and portfolios over the last 30 days. Use Best Buy Co to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Best Buy to be traded at $83.86 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform.
Best Buy correlation with market
Best Buy Current Risk Indicators
|Risk Adjusted Performance||(0.013783)|
|Market Risk Adjusted Performance||(0.033892)|
|Coefficient Of Variation||(4,817)|
Best Buy Suggested Diversification Pairs