Best Buy Risk Analysis And Volatility

BBY -- USA Stock  

USD 66.21  2.59  3.76%

Macroaxis considers Best Buy to be not too volatile. Best Buy secures Sharpe Ratio (or Efficiency) of -0.0148 which signifies that the organization had -0.0148% 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 Mean Deviation of 1.76, Risk Adjusted Performance of 0.0177 and Downside Deviation of 3.52 to double-check risk estimate we provide.
Interest Expense

60 Days Market Risk

Not too volatile

Chance of Distress in 24 months

60 Days Economic Sensitivity

Ignores market trends
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.
2 Months Beta |Analyze Best Buy Demand Trend
Check current 30 days Best Buy correlation with market (DOW)
β = 1.7917

Best Buy Central Daily Price Deviation

Best Buy Technical Analysis

The output start index for this execution was zero with a total number of output elements of thirty-nine. Best Buy Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Best Buy moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Best Buy Projected Return Density Against Market

Considering 30-days investment horizon, the stock has beta coefficient of 1.7917 . 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. Moreover, The company has an alpha of 0.2015 implying that it can potentially generate 0.2015% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
Considering 30-days investment horizon, the coefficient of variation of Best Buy is -6745.43. The daily returns are destributed with a variance of 7.46 and standard deviation of 2.73. The mean deviation of Best Buy Co is currently at 1.73. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
Alpha over DOW
Beta against DOW=1.79
Overall volatility
Information ratio =0.0446

Best Buy Return Volatility

the company has volatility of 2.7321% on return distribution over 30 days investment horizon. the entity inherits 1.0676% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Best Buy Investment Opportunity

Best Buy Co has a volatility of 2.73 and is 2.55 times more volatile than DOW. 24% 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 24 (%) 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 unexpected downward movement. The market is reacting to new fundamentals. Check odds of Best Buy to be traded at $63.56 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
Poor 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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