Best Buy Risk Analysis And Volatility

BBY -- USA Stock  

USD 65.95  0.82  1.23%

Macroaxis considers Best Buy to be not too volatile. Best Buy secures Sharpe Ratio (or Efficiency) of -1.0E-4 which signifies that the organization had -1.0E-4% of return per unit of risk over the last 3 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-six 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 0.0118, Downside Deviation of 3.21 and Mean Deviation of 1.71 to double-check risk estimate we provide.
Interest Expense

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

90 Days Economic Sensitivity

Responds to market
Horizon     30 Days    Login   to change

Best Buy Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform.
3 Months Beta |Analyze Best Buy Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 1.4938

Best Buy Central Daily Price Deviation

Best Buy Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Best Buy high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Best Buy closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

Best Buy Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.4938 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Best Buy will likely underperform. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Best Buy is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is -764581.49. The daily returns are destributed with a variance of 6.97 and standard deviation of 2.64. The mean deviation of Best Buy Co is currently at 1.74. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
α
Alpha over DOW
=0.02
β
Beta against DOW=1.49
σ
Overall volatility
=2.64
Ir
Information ratio =0.0051

Best Buy Return Volatility

the company has volatility of 2.6402% on return distribution over 30 days investment horizon. the entity inherits 0.9048% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Best Buy Investment Opportunity

Best Buy Co has a volatility of 2.64 and is 2.93 times more volatile than DOW. 23% of all equities and portfolios are less risky than Best Buy. Compared to the overall equity markets, volatility of historical daily returns of Best Buy Co is lower than 23 (%) of all global equities and portfolios over the last 30 days. Use Best Buy Co to protect your portfolios against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Best Buy to be traded at $63.97 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform.

Best Buy correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Best Buy Co Inc and equity matching DJI index in the same portfolio.

Best Buy Current Risk Indicators

Best Buy Suggested Diversification Pairs

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