|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.One Month Beta |Analyze Best Buy Co Demand TrendCheck current 30 days Best Buy correlation with market (DOW)|
β = 1.299
Best Buy Co Technical Analysis
Best Buy Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 1.299 . 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, Best Buy Co has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Best Buy Return VolatilityBest Buy Co has volatility of 3.553% on return distribution over 30 days investment horizon. DOW inherits 1.1628% risk (volatility on return distribution) over the 30 days horizon.