Best Buy Average Assets vs Average Equity Analysis

BBY -- USA Stock  

USD 76.25  0.81  1.05%

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy Co is a good investment. Please check the relationship between Best Buy Average Assets and its Average Equity accounts. Check also Trending Equities.

Average Assets vs Average Equity

Accounts Relationship

Average Assets vs Average Equity

Significance: Almost Identical Trend

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Co Average Assets account and Average Equity

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets, derived from Total Assets.

Average Equity

Average equity value for the period used in calculation of Return on Average Equity, derived from Shareholders Equity.

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