Best Buy Probability of Target Price Finishing Over 62.35

BBY -- USA Stock  

USD 58.33  0.33  0.56%

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.
Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish over 62.35

Current PriceHorizonTarget PriceOdds to move over $ 62.35  or more in 30 days
 58.33 30 days 62.35  ABOUT 92.16%
Based on normal probability distribution, the odds of Best Buy to move over $ 62.35  or more in 30 days from now is about 92.16% (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 price to stay between its current price of $ 58.33  and $ 62.35  at the end of the 30-day period is about 7.0%.
Considering 30-days investment horizon, Best Buy has beta of 0.906 . This suggests Best Buy Co 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 has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Best Buy Price Density 
      Price 
α
Alpha over DOW
=0.29
β
Beta against DOW=0.91
σ
Overall volatility
=4.12
Ir
Information ratio =0.1

Best Buy Alerts

Best Buy Alerts and Suggestions

Best Buy generates negative expected return over the last 30 days
Over 87.0% of the company shares are held by institutions such as insurance companies

Price Density Drivers

Best Buy Health Indicators

Shares Percent Shares Out7.18%
Trailing Annual Dividend Rate1.80
Short Percent Of Float9.33%
Float Shares237.33M
Shares Short Prior Month20.86M
Average Daily Volume Last 10 Day4.44M
Average Daily Volume In Three Month3.78M
Date Short InterestOctober 31, 2018
Trailing Annual Dividend Yield2.89%
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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