|Current Price||Horizon||Target Price||Odds to drop to $ 41.55 or more in 30 days|
| 77.07 ||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 $77.07 at the end of the 30-day period is about 70.21%.
Considering 30-days investment horizon, Best Buy Co has beta of -0.5178 . This suggests as returns on benchmark increase, returns on holding Best Buy are expected to decrease at a much smaller rate. During bear market, however, Best Buy Co is likely to outperform the market. Additionally Best Buy Co has an alpha of 0.1771 implying that it can potentially generate 0.1771% excess return over DOW after adjusting for the inherited market risk (beta).
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