Best Buy Average Equity vs Average Assets Analysis

BBY -- USA Stock  

USD 55.44  0.49  0.88%

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

Average Equity vs Average Assets

Accounts Relationship

Average Equity vs Average Assets

Significance: Almost Identical Trend

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

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Average Equity

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

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.

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