Best Buy Co Stock Market Value

BBY Stock  USD 86.01  0.26  0.30%   
Best Buy's market value is the price at which a share of Best Buy trades on a public exchange. It measures the collective expectations of Best Buy Co investors about its performance. Best Buy is trading at 86.01 as of the 13th of July 2024; that is 0.3 percent decrease since the beginning of the trading day. The stock's open price was 86.27.
With this module, you can estimate the performance of a buy and hold strategy of Best Buy Co and determine expected loss or profit from investing in Best Buy over a given investment horizon. Check out Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy.
Symbol

Best Buy Price To Book Ratio

Is Computer & Electronics Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.018
Dividend Share
3.7
Earnings Share
5.7
Revenue Per Share
197.36
Quarterly Revenue Growth
(0.07)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Best Buy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Best Buy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Best Buy.
0.00
06/13/2024
No Change 0.00  0.0 
In 31 days
07/13/2024
0.00
If you would invest  0.00  in Best Buy on June 13, 2024 and sell it all today you would earn a total of 0.00 from holding Best Buy Co or generate 0.0% return on investment in Best Buy over 30 days. Best Buy is related to or competes with Target, Lowes Companies, Kohls Corp, Gap, and Walmart. Best Buy Co., Inc. retails technology products in the United States and Canada More

Best Buy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Best Buy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Best Buy Co upside and downside potential and time the market with a certain degree of confidence.

Best Buy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Best Buy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Best Buy's standard deviation. In reality, there are many statistical measures that can use Best Buy historical prices to predict the future Best Buy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
83.8186.1688.51
Details
Intrinsic
Valuation
LowRealHigh
70.3872.7394.61
Details
Naive
Forecast
LowNextHigh
86.3288.6691.01
Details
29 Analysts
Consensus
LowTargetHigh
74.4581.8190.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Best Buy.

Best Buy Backtested Returns

Best Buy appears to be very steady, given 3 months investment horizon. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0998, which signifies that the company had a 0.0998% return per unit of risk over the last 3 months. We have found thirty technical indicators for Best Buy Co, which you can use to evaluate the volatility of the firm. Please makes use of Best Buy's Mean Deviation of 1.5, risk adjusted performance of 0.0455, and Downside Deviation of 1.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Best Buy holds a performance score of 7. The firm shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Best Buy returns are very sensitive to returns on the market. As the market goes up or down, Best Buy is expected to follow. Please check Best Buy's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Best Buy's price patterns will revert.

Auto-correlation

    
  -0.61  

Very good reverse predictability

Best Buy Co has very good reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from 13th of June 2024 to 28th of June 2024 and 28th of June 2024 to 13th of July 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Best Buy price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.61
Spearman Rank Test-0.51
Residual Average0.0
Price Variance2.98

Best Buy lagged returns against current returns

Autocorrelation, which is Best Buy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Best Buy's stock expected returns. We can calculate the autocorrelation of Best Buy returns to help us make a trade decision. For example, suppose you find that Best Buy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Best Buy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Best Buy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Best Buy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Best Buy stock over time.
   Current vs Lagged Prices   
       Timeline  

Best Buy Lagged Returns

When evaluating Best Buy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Best Buy stock have on its future price. Best Buy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Best Buy autocorrelation shows the relationship between Best Buy stock current value and its past values and can show if there is a momentum factor associated with investing in Best Buy Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Best Stock Analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.