Best Buy Probability of Target Price Finishing Above 68.38

Best Buy Co Inc -- USA Stock  

USD 74.26  2.6  3.38%

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
 Time Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish below 68.38

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 74.26 30 days 68.38  about 67.45% about 32.3%
Based on normal probability distribution, the odds of Best Buy to drop to $ 68.38  or more in 30 days from now is about 32.3%. Probability of Best Buy Co price to stay between $ 68.38  and its current price of $74.26 at the end of the 30-day period is about 61.3%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.2597 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Best Buy will likely underperform. Additionally Best Buy Co Inc has an alpha of 0.34653965118181834 implying that it can potentially generate 0.34653965118181834% excess return over DOW after adjusting for the inherited market risk (beta).
32.0%
Odds to drop to $ 68.38  or more in 30 days
 Best Buy Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.35
β
Beta against DOW=1.26
σ
Overall volatility
=2.95
Ir
Information ratio =0.31