Best Buy Co Stock Odds of Future Stock Price Finishing Under 86.51
| BBY Stock | USD 86.51 0.26 0.30% |
Closest to current price Best long CALL Option Payoff at Expiration
Best |
Best Buy Target Price Odds to finish below 86.51
The tendency of Best Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 86.51 | 90 days | 86.51 | nearly 4.56 |
Based on a normal probability distribution, the odds of Best Buy to move below current price in 90 days from now is nearly 4.56 (This Best Buy Co probability density function shows the probability of Best Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Best Buy has a beta of 0.25 suggesting as returns on the market go up, Best Buy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Best Buy Co will be expected to be much smaller as well. Additionally Best Buy Co has an alpha of 0.0424, implying that it can generate a 0.0424 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Best Buy Price Density |
| Price |
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.Best Buy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Best Buy is not an exception. The market had few large corrections towards the Best Buy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Best Buy Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Best Buy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 4.77 | |
Ir | Information ratio | -0.0096 |
Best Buy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Best Buy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Best Buy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Best Buy generated a negative expected return over the last 90 days | |
| Best Buy Co has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Best to invest in growth at high rates of return. | |
| Over 87.0% of Best Buy shares are held by institutions such as insurance companies | |
| On 10th of October 2024 Best Buy paid $ 0.94 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Disposition of 27109 shares by Scarlett Kathleen of Best Buy at 57.6 subject to Rule 16b-3 |
Best Buy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Best Stock often depends not only on the future outlook of the current and potential Best Buy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Best Buy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 218.5 M | |
| Cash And Short Term Investments | 1.4 B |
Best Buy Technical Analysis
Best Buy's future price can be derived by breaking down and analyzing its technical indicators over time. Best Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Best Buy Co. In general, you should focus on analyzing Best Stock price patterns and their correlations with different microeconomic environments and drivers.
Best Buy Predictive Forecast Models
Best Buy's time-series forecasting models is one of many Best Buy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Best Buy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Best Buy
Checking the ongoing alerts about Best Buy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Best Buy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Best Buy generated a negative expected return over the last 90 days | |
| Best Buy Co has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Best to invest in growth at high rates of return. | |
| Over 87.0% of Best Buy shares are held by institutions such as insurance companies | |
| On 10th of October 2024 Best Buy paid $ 0.94 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Disposition of 27109 shares by Scarlett Kathleen of Best Buy at 57.6 subject to Rule 16b-3 |
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.