Best Buy Probability of Target Price Finishing Above 41.55

Best Buy Co Inc -- USA Stock  

USD 72.52  0.66  0.90%

Best Buy probability of target price tool provides mechanism to make assumptions about upside and downside potential of Best Buy Co Inc 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 PriceAbove OddsBelow Odds
 72.52 30 days 41.55  close to 100% 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%. Probability of Best Buy Co price to stay between $ 41.55  and its current price of $72.52 at the end of the 30-day period is about 37.76%.
Considering 30-days investment horizon, Best Buy has beta of 0.9836 . This suggests Best Buy Co Inc 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 Inc has an alpha of 0.057848271654545466 implying that it can potentially generate 0.057848271654545466% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to drop to $ 41.55  or more in 30 days
 Best Buy Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.98
Overall volatility
Information ratio =0.026089