Best Buy Co Stock Market Value

BBY Stock  USD 77.13  0.89  1.14%   
Best Buy's market value is the price at which a share of Best Buy stock trades on a public exchange. It measures the collective expectations of Best Buy Co investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Best Buy Co and determine expected loss or profit from investing in Best Buy over a given investment horizon.
Check out Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy.
Symbol

Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Best Buy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Best Buy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Best Buy.
0.00
11/25/2022
No Change 0.00  0.0 
In 1 year 3 months and 25 days
03/19/2024
0.00
If you would invest  0.00  in Best Buy on November 25, 2022 and sell it all today you would earn a total of 0.00 from holding Best Buy Co or generate 0.0% return on investment in Best Buy over 480 days. Best Buy is related to or competes with Macys, Wayfair, 1StdibsCom, AutoNation, Boqii Holding, Foot Locker, and Home Depot. Best Buy Co., Inc. retails technology products in the United States and Canada More

Best Buy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Best Buy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Best Buy Co upside and downside potential and time the market with a certain degree of confidence.

Best Buy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Best Buy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Best Buy's standard deviation. In reality, there are many statistical measures that can use Best Buy historical prices to predict the future Best Buy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Best Buy in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
75.4877.1178.74
Details
Intrinsic
Valuation
LowRealHigh
69.4279.1680.79
Details
30 Analysts
Consensus
LowTargetHigh
74.4581.8190.81
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.041.081.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Best Buy.

Best Buy Backtested Returns

We consider Best Buy very steady. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0284, which signifies that the company had 0.0284% return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-nine technical indicators for Best Buy Co, which you can use to evaluate the future volatility of the firm. Please confirm Best Buy's Mean Deviation of 1.27, risk adjusted performance of 0.0397, and Downside Deviation of 1.68 to double-check if the risk estimate we provide is consistent with the expected return of 0.0462%. Best Buy has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.53, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Best Buy will likely underperform. Although it is important to respect Best Buy historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Best Buy right now shows a risk of 1.63%. Please confirm Best Buy expected short fall, and the relationship between the maximum drawdown and rate of daily change to decide if Best Buy will be following its price patterns.

Auto-correlation

    
  -0.06  

Very weak reverse predictability

Best Buy Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from 25th of November 2022 to 23rd of July 2023 and 23rd of July 2023 to 19th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Best Buy price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.06
Spearman Rank Test-0.21
Residual Average0.0
Price Variance21.44

Best Buy lagged returns against current returns

Autocorrelation, which is Best Buy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Best Buy's stock expected returns. We can calculate the autocorrelation of Best Buy returns to help us make a trade decision. For example, suppose you find that Best Buy stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Best Buy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Best Buy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Best Buy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Best Buy stock over time.
   Current vs Lagged Prices   
       Timeline  

Best Buy Lagged Returns

When evaluating Best Buy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Best Buy stock have on its future price. Best Buy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Best Buy autocorrelation shows the relationship between Best Buy stock current value and its past values and can show if there is a momentum factor associated with investing in Best Buy Co.
   Regressed Prices   
       Timeline  

Best Buy Investors Sentiment

The influence of Best Buy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Best. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Best Buy's public news can be used to forecast risks associated with an investment in Best. The trend in average sentiment can be used to explain how an investor holding Best can time the market purely based on public headlines and social activities around Best Buy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Best Buy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Best Buy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Best Buy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Best Buy.

Best Buy Implied Volatility

    
  39.18  
Best Buy's implied volatility exposes the market's sentiment of Best Buy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Best Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Best Buy stock will not fluctuate a lot when Best Buy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Best Buy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Best Buy's short interest history, or implied volatility extrapolated from Best Buy options trading.

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Best Stock

  0.63W Wayfair Financial Report 2nd of May 2024 PairCorr
  0.65AN AutoNation Financial Report 18th of April 2024 PairCorr
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Best Stock analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Best Buy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Best Buy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Best Buy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...