Best Buy Backtesting

BBY -- USA Stock  

USD 58.77  0.11  0.19%

With this equity back-testing module your 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 given investment horizon. Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Best Buy 'What if' Analysis

October 12, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 11, 2018
0.00
If you would invest  0.00  in Best Buy on October 12, 2018 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 60 days. Best Buy is related to or competes with Bjs Wholesale, JD, Lands End, eBay, Etsy, EVINE Live, and Five Below. Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, ...

Best Buy Upside/Downside Indicators

Information Ratio(0.10)
Maximum Drawdown11.59
Value At Risk(6.37)
Potential Upside3.72
  

Best Buy Market Premium Indicators

Risk Adjusted Performance(0.22)
Jensen Alpha(0.29)
Total Risk Alpha(0.12)
Treynor Ratio(0.48)

Best Buy Backtested Returns

Macroaxis considers Best Buy to be not too volatile. Best Buy secures Sharpe Ratio (or Efficiency) of -0.1533 which signifies that Best Buy had -0.1533% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Best Buy Co exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Best Buy Risk Adjusted Performance of (0.22) and Mean Deviation of 2.0 to double-check risk estimate we provide. Macroaxis gives Best Buy performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.906 which signifies that Best Buy returns are very sensitive to returns on the market. as market goes up or down, Best Buy is expected to follow.. Even though it is essential to pay attention to Best Buy historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Best Buy Co exposes twenty-eight different technical indicators which can help you to evaluate its performance. Best Buy has expected return of -0.4142%. Please be advised to confirm Best Buy Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to decide if Best Buy past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 
correlation synergy

Virtually no predictability

Best Buy Co has virtually no predictability. Overlapping area represents the amount of predictability between Best Buy time series from October 12, 2018 to November 11, 2018 and November 11, 2018 to December 11, 2018. 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 0.05 indicates that only as little as 5.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test-0.01
Residual Average0.0
Price Variance7.05

Best Buy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Best Buy Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Portfolio File Import Now

   

Portfolio File Import

Quickly import all of your third-party portfolios from your local drive in csv format
All  Next Launch Portfolio File Import

Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and Bjs Wholesale Club. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Search macroaxis.com