Best Buy Probability of Target Price Finishing Above 68.38

BBY -- USA Stock  

USD 73.83  3.04  4.29%

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 below 68.38

Current PriceHorizonTarget PriceOdds to drop to $ 68.38  or more in 30 days
 73.83 30 days 68.38  UNDER 4%
Based on normal probability distribution, the odds of Best Buy to drop to $ 68.38  or more in 30 days from now is under 4% (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 $ 68.38  and its current price of $73.83 at the end of the 30-day period is about 34.68%.
Considering 30-days investment horizon, Best Buy has beta of 0.0957 . 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 will be expected to be much smaller as well. 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.4
β
Beta against DOW=0.1
σ
Overall volatility
=3.59
Ir
Information ratio =0.11

Best Buy Alerts

Best Buy Alerts and Suggestions

Best Buy Co generates negative expected return over the last 30 days
Over 85.0% of the company shares are held by institutions such as insurance companies
On September 17, 2018 Best Buy paid $ 0.45 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Corie Barry of 2982 shares of Best Buy

Price Density Drivers

Best Buy Health Indicators

Shares Percent Shares Out7.60%
Trailing Annual Dividend Rate1.69
Short Percent Of Float9.88%
Float Shares237.56M
Shares Short Prior Month17.12M
Average Daily Volume Last 10 Day3.01M
Average Daily Volume In Three Month3.25M
Date Short InterestSeptember 28, 2018
Trailing Annual Dividend Yield2.33%
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 Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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