Best Buy Probability of Target Price Finishing Above 61.49

Best Buy Co Inc -- USA Stock  

USD 63.75  1.57  2.4%

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 61.49

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 63.75 30 days 61.49  about 32.27% about 67.52%
Based on normal probability distribution, the odds of Best Buy to drop to $ 61.49  or more in 30 days from now is about 67.52%. Probability of Best Buy Co price to stay between $ 61.49  and its current price of $63.75 at the end of the 30-day period is about 19.72%.
Considering 30-days investment horizon, Best Buy has beta of 0.6022 . This suggests as returns on market go up, Best Buy average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Best Buy Co Inc will be expected to be much smaller as well. Additionally Best Buy Co Inc has an alpha of 0.44759969411818185 implying that it can potentially generate 0.44759969411818185% excess return over DOW after adjusting for the inherited market risk (beta).
68.0%
Odds to drop to $ 61.49  or more in 30 days
 Best Buy Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.45
βBeta against DOW=0.6
σ
Overall volatility
=3.29
 IrInformation ratio =0.21