Best Buy Risk Analysis And Volatility Evaluation

BBY -- USA Stock  

USD 67.43  5.08  8.15%

Macroaxis considers Best Buy to be not too volatile. Best Buy Co secures Sharpe Ratio (or Efficiency) of -0.0808 which signifies that Best Buy Co had -0.0808% 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 exposes twenty-eight 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 0.09 and Mean Deviation of 1.9 to double-check risk estimate we provide.
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 Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 1.299
Best Buy Large BetaBest Buy Co Beta Legend

Best Buy Co Technical Analysis

Transformation
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.

Best Buy Projected Return Density Against Market

Considering 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
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is -1237.31. The daily returns are destributed with a variance of 12.62 and standard deviation of 3.55. The mean deviation of Best Buy Co is currently at 2.45. For similar time horizon, the selected benchmark (DOW) has volatility of 1.15
α
Alpha over DOW
=0.43
β
Beta against DOW=1.30
σ
Overall volatility
=3.55
Ir
Information ratio =0.15

Best Buy Return Volatility

Best 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.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Best Buy Volatility Factors

30 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Responds to market

Investment Outlook

Best Buy Investment Opportunity

Best Buy Co has a volatility of 3.55 and is 3.06 times more volatile than DOW. 32% 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 32 (%) of all global equities and portfolios over the last 30 days. Use Best Buy Co to enhance returns of your portfolios. The stock experiences very speculative upward sentiment.. Check odds of Best Buy to be traded at $84.29 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

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Best Buy Co Inc and equity matching DJI index in the same portfolio.

Best Buy Volatility Indicators

Best Buy Co Current Risk Indicators

Check also Trending Equities. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Search macroaxis.com