Best Buy Probability of Target Price Finishing Over Current Price

BBY -- USA Stock  

USD 80.64  1.22  1.54%

Best Buy probability of target price tool provides mechanism to make assumptions about upside and downside potential of Best Buy Co performance during a given time horizon utilizing its historical volatility. Please specify Best Buy time horizon, a valid symbol (red box) and a target price (blue box) you would like Best Buy odds to be computed. Check also Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance.
Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 80.64 30 days 80.64  ABOUT 13.51%
Based on normal probability distribution, the odds of Best Buy to move above current price in 30 days from now is about 13.51% (This Best Buy Co probability density function shows the probability of Best Buy Stock to fall within a particular range of prices over 30 days) .
Considering 30-days investment horizon, the stock has beta coefficient of 1.7144 . 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. 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
 Best Buy Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.43
β
Beta against DOW=1.71
σ
Overall volatility
=1.65
Ir
Information ratio =0.18

Best Buy Alerts

Best Buy Alerts and Suggestions

Best Buy Co generates negative expected return over the last 30 days
Over 85.0% of the company shares are held by institutions such as insurance companies
On September 17, 2018 Best Buy paid $ 0.45 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Asheesh Saksena of 1400 shares of Best Buy

Price Density Drivers

Best Buy Health Indicators

Shares Percent Shares Out6.20%
Trailing Annual Dividend Rate1.69
Short Percent Of Float8.11%
Float Shares237.56M
Shares Short Prior Month18.77M
Average Daily Volume Last 10 Day2.94M
Average Daily Volume In Three Month3.01M
Date Short InterestAugust 31, 2018
Trailing Annual Dividend Yield2.12%
Check also Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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