Best Buy Probability of Target Price Finishing Above 41.55

BBY -- USA Stock  

USD 77.07  1.46  1.86%

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
 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).
 Best Buy Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.18
β
Beta against DOW=0.52
σ
Overall volatility
=1.28
Ir
Information ratio =0.14

Best Buy Alerts

Best Buy Alerts and Suggestions
Over 92.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Best Buy exotic insider transaction detected
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.