Best Buy Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Best Buy price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Best Buy Simple Regression Price Forecast For the 2nd of December

Given 90 days horizon, the Simple Regression forecasted value of Best Buy Co on the next trading day is expected to be 519.13 with a mean absolute deviation of 6.31, mean absolute percentage error of 66.90, and the sum of the absolute errors of 385.19.

Best Buy Stock Forecast Pattern

Backtest Best Buy

Best Buy Price Prediction

Buy or Sell Advice

Best Buy Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Best Buy stock data series using in forecasting. Note that when a statistical model is used to represent Best Buy stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Best Buy Co historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Best Buy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Best Buy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 540.64 541.99 543.34 Details

Intrinsic Valuation Low Real High 497.72 499.07 596.19 Details

Bollinger Band Projection (param) Low Middle High 486.81 516.80 546.80 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.

Other Forecasting Options for Best Buy

For every potential investor in Best, whether a beginner or expert, Best Buy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Best Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Best. Basic forecasting techniques help filter out the noise by identifying Best Buy's price trends.

Best Buy Related Equities

Risk & Return

Correlation

Best Buy Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Best Buy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Best Buy's current price.

Best Buy Market Strength Events

Best Buy Risk Indicators

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in Best Stock

When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:

How To Invest In Best Details

Is Best Stock a good investment? Details

What is Best Buy's Net Worth? Details

Largest Computer & Electronics Retail Companies View

Largest Consumer Discretionary Distribution & Retail Companies View

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

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.