Best Buy Probability of Target Price Finishing Above 45.5054

Best Buy Co Inc -- USA Stock  

USD 57.3  1.47  2.63%

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
Investment Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish below 45.5054

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 57.3 30 days 45.51  close to 100% near 1%
Based on normal probability distribution, the odds of Best Buy to drop to $ 45.51  or more in 30 days from now is near 1%. Probability of Best Buy Co price to stay between $ 45.51  and its current price of $57.3 at the end of the 30-day period is under 95%.
Considering 30-days investment horizon, Best Buy Co Inc has beta of -0.298 . 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 Inc is likely to outperform the market. Additionally Best Buy Co Inc has an alpha of 0.046331379363636294 implying that it can potentially generate 0.046331379363636294% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to drop to $ 45.51  or more in 30 days
 Best Buy Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.046331
βBeta against DOW=0.3
σ
Overall volatility
=0.72
 IrInformation ratio =0.01