Best Buy Risk Analysis And Volatility Evaluation

BBY -- USA Stock  

USD 78.75  0.50  0.64%

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

The output start index for this execution was zero with a total number of output elements of seventeen. Best Buy Co Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 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 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is 322.87. The daily returns are destributed with a variance of 0.96 and standard deviation of 0.98. The mean deviation of Best Buy Co is currently at 0.79. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =0.28

Actual Return Volatility

Best Buy Co has volatility of 0.9789% on return distribution over 30 days investment horizon. DOW inherits 0.6611% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Best Buy Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Best Buy Investment Opportunity
Best Buy Co has a volatility of 0.98 and is 1.48 times more volatile than DOW. 9% 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 9 (%) of all global equities and portfolios over the last 30 days.

Total Debt

Best Buy Co Total Debt History

Total Debt

Volatility Indicators

Best Buy Current Risk Indicators
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