Best Buy Risk Analysis And Volatility Evaluation

BBY -- USA Stock  

USD 77.74  1.60  2.10%

Macroaxis considers Best Buy to be not too risky. Best Buy Co secures Sharpe Ratio (or Efficiency) of -0.1185 which signifies that Best Buy Co had -0.1185% 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-one 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 0.039165 and Mean Deviation of 1.2 to double-check risk estimate we provide.
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.
One Month Beta |Analyze Best Buy Co Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 0.6015
Best Buy Small 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, Best Buy has beta of 0.6015 . 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. 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 -843.53. The daily returns are destributed with a variance of 2.77 and standard deviation of 1.66. The mean deviation of Best Buy Co is currently at 1.2. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39
α
Alpha over DOW
=0.26
β
Beta against DOW=0.60
σ
Overall volatility
=1.66
Ir
Information ratio =0.18

Best Buy Return Volatility

Best Buy Co has volatility of 1.6636% on return distribution over 30 days investment horizon. DOW inherits 0.3947% 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 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 1.66 and is 4.26 times more volatile than DOW. 15% 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 15 (%) of all global equities and portfolios over the last 30 days. Use Best Buy Co to enhance returns of your portfolios. The stock experiences unexpected upward trend. Watch out for market signals. Check odds of Best Buy to be traded at $93.29 in 30 days. 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.

Best Buy correlation with market

Average 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

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