Best Buy Risk Analysis And Volatility

BBY -- USA Stock  

0.5 Dividend

Macroaxis considers Best Buy very steady given 3 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.1771 which signifies that the organization had 0.1771% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please makes use of Best Buy Downside Deviation of 1.58, Mean Deviation of 1.35 and Risk Adjusted Performance of 0.1189 to double-check if our risk estimates are consistent with your expectations.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress in 24 months

90 Days Economic Sensitivity

Actively responds to market
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.
3 Months Beta |Analyze Best Buy Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 1.6205

Best Buy Central Daily Price Deviation

Best Buy Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Best Buy price series. View also all equity analysis or get more info about median price price transform indicator.

Best Buy Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.6205 . 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. Moreover, The company has an alpha of 0.2744 implying that it can potentially generate 0.2744% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is 564.74. The daily returns are destributed with a variance of 3.74 and standard deviation of 1.93. The mean deviation of Best Buy Co is currently at 1.36. For similar time horizon, the selected benchmark (DOW) has volatility of 0.6
α
Alpha over DOW
=0.27
β
Beta against DOW=1.62
σ
Overall volatility
=1.93
Ir
Information ratio =0.16

Best Buy Return Volatility

the company has volatility of 1.9346% on return distribution over 30 days investment horizon. the entity inherits 0.6095% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Best Buy Investment Opportunity

Best Buy Co has a volatility of 1.93 and is 3.16 times more volatile than DOW. 17  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 17 () of all global equities and portfolios over the last 30 days. Use Best Buy Co to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Best Buy to be traded at $83.09 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 Current Risk Indicators

Best Buy Suggested Diversification Pairs

Check also Trending Equities. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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