Best Buy Beta

BBY -- USA Stock  

USD 75.86  0.40  0.52%

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Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Best Buy 
Beta 
 = 
Covariance 
Variance 
 = 
0.12

Distress Driver Correlations

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

Income

Best Buy Income Change Over Time

Accumulated Other Comprehensive Income

In accordance with recently published financial statements Best Buy Co has Beta of 0.12. This is much higher than that of the Consumer Cyclical sector, and significantly higher than that of Diversified Wholesale And Retail industry, The Beta for all stocks is over 1000% lower than the firm.

Peer Comparison

Best Buy Beta Comparison
  Beta 
      Best Buy Comparables 
Best Buy is rated below average in beta category among related companies.

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As returns on market increase, Best Buy returns are expected to increase less than the market. However during bear market, the loss on holding Best Buy will be expected to be smaller as well.