Best Buy Probability of Target Price Finishing Above 75.37

BBY -- USA Stock  

Fiscal Quarter End: January 31, 2020  

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 75.37

Current PriceHorizonTarget PriceOdds to drop to $ 75.37  or more in 30 days
 83.83 30 days 75.37 
about 71.25
Based on normal probability distribution, the odds of Best Buy to drop to $ 75.37  or more in 30 days from now is about 71.25 (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 $ 75.37  and its current price of $83.83 at the end of the 30-day period is about 27.27 .
Considering 30-days investment horizon, the stock has beta coefficient of 1.5 . 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 The company has an alpha of 0.2321 implying that it can potentially generate 0.2321% excess return over DOW after adjusting for the inherited market risk (beta).
 Best Buy Price Density 
Alpha over DOW
Beta against DOW=1.50
Overall volatility
Information ratio =0.13

Best Buy Alerts and Suggestions

Best Buy has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Best Buy exotic insider transaction detected

Best BuyPrice Density Drivers

Shares Percent Shares Out2.61%
Trailing Annual Dividend Rate2.00
Short Percent Of Float3.42%
Float Shares230.4M
Shares Short Prior Month6.36M
Average Daily Volume Last 10 Day3.53M
Average Daily Volume In Three Month2.5M
Date Short InterestNovember 15, 2019
Trailing Annual Dividend Yield2.42%