Best Buy Probability of Target Price Finishing Above 63.62

BBY -- USA Stock  

Fiscal Quarter End: October 31, 2019  

Best Buy probability of target price tool provides mechanism to make assumptions about upside and downside potential of Best Buy Co performance during a given time horizon utilizing its historical volatility. Please specify Best Buy time horizon, a valid symbol (red box) and a target price (blue box) you would like Best Buy odds to be computed. Check also Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance.
Horizon     30 Days    Login   to change
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Best Buy Target Price Odds to finish below 63.62

Current PriceHorizonTarget PriceOdds to drop to $ 63.62  or more in 30 days
 71.47 30 days 63.62 
about 8.52
Based on normal probability distribution, the odds of Best Buy to drop to $ 63.62  or more in 30 days from now is about 8.52 (This Best Buy Co probability density function shows the probability of Best Buy Stock to fall within a particular range of prices over 30 days) . Probability of Best Buy price to stay between $ 63.62  and its current price of $71.47 at the end of the 30-day period is about 69.43 .
Considering 30-days investment horizon, the stock has beta coefficient of 1.4652 . 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.
 Best Buy Price Density 
      Price 
α
Alpha over DOW
=0.0065
β
Beta against DOW=1.47
σ
Overall volatility
=3.67
Ir
Information ratio =0.0065

Best Buy Alerts and Suggestions

Best Buy generates negative expected return over the last 30 days
Best Buy has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Best Buy exotic insider transaction detected

Best BuyPrice Density Drivers

Shares Percent Shares Out2.22%
Trailing Annual Dividend Rate1.95
Short Percent Of Float2.90%
Float Shares231.27M
Shares Short Prior Month7.69M
Average Daily Volume Last 10 Day1.89M
Average Daily Volume In Three Month2.62M
Date Short InterestSeptember 30, 2019
Trailing Annual Dividend Yield2.85%
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