Best Buy Probability of Target Price Finishing Above 68.38

Best Buy Co -- USA Stock  

USD 72.30  1.04  1.42%

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 below 68.38

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 72.30 30 days 68.38  about 91.13% about 8.73%
Based on normal probability distribution, the odds of Best Buy to drop to $ 68.38  or more in 30 days from now is about 8.73% (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 $72.3 at the end of the 30-day period is about 56.55%.
Considering 30-days investment horizon, Best Buy has beta of 0.027 . 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
9.0%
Odds to drop to $ 68.38  or more in 30 days
 Best Buy Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.01
β
Beta against DOW=0.027
σ
Overall volatility
=2.25
Ir
Information ratio =0.038289

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.