Macroaxis considers Best Buy not too risky given 1 month investment horizon. Best Buy Co secures Sharpe Ratio (or Efficiency) of 0.3097 which signifies that Best Buy Co had 0.3097% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please makes use of Best Buy Co Downside Deviation of 1.04, Risk Adjusted Performance of 0.01 and Mean Deviation of 0.8845 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Best Buy Co Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Best Buy has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Best Buy are completely uncorrelated. Furthermore, Best Buy CoIt does not look like Best Buy alpha can have any bearing on the equity current valuation.
Predicted Return Density