Macroaxis considers Best Buy to be not too volatile. Best Buy Co secures Sharpe Ratio (or Efficiency) of -0.0924 which signifies that Best Buy Co had -0.0924% of return per unit of risk over the last 1 month. 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 Inc 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 Co Risk Adjusted Performance of
0.047286 and Mean Deviation of 1.76 to double-check risk estimate we provide.
|Time Horizon||30 Days Login to change|
Best Buy Market Sensitivity
|Best Buy returns are very sensitive to returns on the market. As market goes up or down, Best Buy is expected to follow.One Month Beta |Analyze Best Buy Co Demand TrendCheck current 30 days Best Buy correlation with market (DOW)|
β = 0.9836
Best Buy Co Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Best Buy has beta of 0.9836 . This suggests Best Buy Co Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Best Buy is expected to follow. Moreover, Best Buy Co Inc has an alpha of 0.0578 implying that it can potentially generate 0.0578% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of Best Buy is -1082.12. The daily returns are destributed with a variance of 5.11 and standard deviation of 2.26. The mean deviation of Best Buy Co Inc is currently at 1.69. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71