Best Buy Probability of Target Price Finishing Above 41.55

BBY -- USA Stock  

USD 78.30  0.05  0.06%

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.
 Time Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish below 41.55

Current PriceHorizonTarget PriceOdds to drop to $ 41.55  or more in 30 days
 78.30 30 days 41.55  near 1%
Based on normal probability distribution, the odds of Best Buy to drop to $ 41.55  or more in 30 days from now is near 1% (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) . Probability of Best Buy Co price to stay between $ 41.55  and its current price of $78.3 at the end of the 30-day period is about 86.35%.
Considering 30-days investment horizon, Best Buy has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Best Buy are completely uncorrelated. Additionally Best Buy CoIt does not look like Best Buy alpha can have any bearing on the equity current valuation.
 Best Buy Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.86
Ir
Information ratio =0.37

Best Buy Alerts

Best Buy Alerts and Suggestions
Best Buy Co has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 89.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Acquisition by Pratt Michael J of 20000 shares of Best Buy subject to Rule 16b-3

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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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.