Best Buy Probability of Target Price Finishing Over 62.35

BBY -- USA Stock  

USD 74.81  1.60  2.09%

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 over 62.35

Current PriceHorizonTarget PriceOdds to stay above $ 62.35  in 30 days
 74.81 30 days 62.35  CLOSE TO 99%
Based on normal probability distribution, the odds of Best Buy to stay above $ 62.35  in 30 days from now is close to 99% (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 $ 62.35  and its current price of $74.81 at the end of the 30-day period is about 73.14%.
Considering 30-days investment horizon, Best Buy has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Best Buy are completely uncorrelated. Additionally Best Buy CoIt does not look like Best Buy alpha can have any bearing on the equity current valuation.
 Best Buy Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=3.22
Ir
Information ratio =0.04

Best Buy Alerts

Best Buy Alerts and Suggestions
Best Buy Co generates negative expected return over the last 30 days
Best Buy Co has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 91.0% of the company shares are held by institutions such as insurance companies
On June 13, 2018 Best Buy paid $ 0.45 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Mohan Rajendra M of 2617 shares of Best Buy

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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 ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.