|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 TrendCheck current 30 days Best Buy correlation with market (DOW)|
β = 0.6015
Best Buy Co Technical Analysis
Best Buy Projected Return Density Against MarketConsidering 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
Best Buy Return VolatilityBest 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.