Best Buy Co has a volatility of 1.38 and is 2.3 times more volatile than DOW. 12%
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 12 (%)
of all global equities and portfolios over the last 30 days. Use Best Buy Co to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Best Buy to be traded at $75.34 in 30 days
. Best Buy returns are very sensitive to returns on the market. As market goes up or down, Best Buy is expected to follow.
Best Buy correlation with market
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.