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Best Buy Probability of Target Price Finishing Over 89.73

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BBY -- USA Stock  

Earning Report: February 27, 2020  

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. Continue to 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.
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Best Buy Target Price Odds to finish over 89.73

Current PriceHorizonTarget PriceOdds to stay above $ 89.73  in 30 days
 91.32 30 days 89.73 
about 21.23
Based on normal probability distribution, the odds of Best Buy to stay above $ 89.73  in 30 days from now is about 21.23 (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 $ 89.73  and its current price of $91.32 at the end of the 30-day period is about 8.0 .
Considering 30-days investment horizon, Best Buy has beta of 0.1143 . This suggests as returns on market go up, Best Buy average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Best Buy Co will be expected to be much smaller as well. Additionally The company has an alpha of 0.2463 implying that it can potentially generate 0.2463% excess return over DOW after adjusting for the inherited market risk (beta).
 Best Buy Price Density 
    
  Price 
α
Alpha over DOW
=0.25
β
Beta against DOW=0.11
σ
Overall volatility
=5.01
Ir
Information ratio =0.10

Best Buy Alerts and Suggestions

Best Buy has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 81.0% 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 Out2.57%
Trailing Annual Dividend Rate2.00
Short Percent Of Float3.30%
Float Shares229.89M
Shares Short Prior Month7.64M
Average Daily Volume Last 10 Day1.94M
Average Daily Volume In Three Month2.66M
Date Short InterestJanuary 31, 2020
Trailing Annual Dividend Yield2.21%