Best Buy Risk Analysis And Volatility Evaluation

BBY -- USA Stock  

USD 58.09  0.24  0.41%

Macroaxis considers Best Buy to be not too volatile. Best Buy secures Sharpe Ratio (or Efficiency) of -0.196 which signifies that Best Buy had -0.196% of return per unit of risk over the last 2 months. 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 Risk Adjusted Performance of (0.22) and Mean Deviation of 2.0 to double-check risk estimate we provide.
Interest Expense
Horizon     30 Days    Login   to change

Best Buy Market Sensitivity

Best Buy returns are very sensitive to returns on the market. As market goes up or down, Best Buy is expected to follow.
2 Months Beta |Analyze Best Buy Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 0.906

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 thirty-nine. Best Buy 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 0.906 . This suggests Best Buy Co market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Best Buy is expected to follow. 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 -510.08. The daily returns are destributed with a variance of 7.13 and standard deviation of 2.67. The mean deviation of Best Buy Co is currently at 1.98. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.29
β
Beta against DOW=0.91
σ
Overall volatility
=2.67
Ir
Information ratio =0.1

Best Buy Return Volatility

Best Buy Co has volatility of 2.6705% on return distribution over 30 days investment horizon. DOW inherits 1.3082% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Best Buy Volatility Factors

60 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Almost imposible

60 Days Economic Sensitivity

Almost mirrors market

Investment Outlook

Best Buy Investment Opportunity

Best Buy Co has a volatility of 2.67 and is 2.04 times more volatile than DOW. 24% 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 24 (%) of all global equities and portfolios over the last 30 days. Use Best Buy Co to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Best Buy to be traded at $57.51 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

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

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