We consider Best Buy not too volatile. Best Buy Co secures Sharpe Ratio (or Efficiency) of 0.0196 which signifies that Best Buy Co had 0.0196% of return per unit of risk over the last 2 months. 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-one technical indicators for Best Buy Co which you can use to evaluate future volatility of the firm. Please confirm Best Buy Co Downside Deviation of 1.92, Risk Adjusted Performance of 0.0781 and Mean Deviation of 1.81 to double-check if risk estimate we provide are consistent with the epected return of 0.0414%.
|Time Horizon||30 Days Login to change|
Best Buy Market Sensitivity
|As returns on market increase, Best Buy returns are expected to increase less than the market. However during bear market, the loss on holding Best Buy will be expected to be smaller as well.2 Months Beta |Analyze Best Buy Co Demand TrendCheck current 30 days Best Buy correlation with market (DOW)|
β = 0.0321
Best Buy Co Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, Best Buy has beta of 0.0321 . This suggests as returns on market go up, Best Buy average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Best Buy Co will be expected to be much smaller as well. Moreover, Best Buy Co has an alpha of 0.0884 implying that it can potentially generate 0.0884% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density