Best Buy Probability of Target Price Finishing Above 74.71

BBY -- USA Stock  

USD 65.48  1.55  2.42%

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 74.71

Current PriceHorizonTarget PriceOdds to stay under $ 74.71  after 30 days
 65.48 30 days 74.71 
ABOUT 80.98%
Based on normal probability distribution, the odds of Best Buy to stay under $ 74.71  after 30 days from now is about 80.98% (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 its current price of $ 65.48  and $ 74.71  at the end of the 30-day period is about 74.08%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.5812 . 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
=0.04
β
Beta against DOW=1.58
σ
Overall volatility
=3.92
Ir
Information ratio =0.02

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

Best BuyPrice Density Drivers

Shares Percent Shares Out3.05%
Trailing Annual Dividend Rate1.90
Short Percent Of Float4.05%
Float Shares234.75M
Shares Short Prior Month8.56M
Average Daily Volume Last 10 Day2.73M
Average Daily Volume In Three Month2.76M
Date Short InterestJuly 31, 2019
Trailing Annual Dividend Yield2.97%
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