Best Buy (Germany) Market Value
| BUY Stock | EUR 85.96 3.42 4.14% |
| Symbol | Best |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Best Buy on October 27, 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 NEWELL RUBBERMAID, Plastic Omnium, THRACE PLASTICS, WESTLAKE CHEMICAL, Mitsui Chemicals, Hyster-Yale Materials, and Summit Materials. Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, 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.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0229 | |||
| Maximum Drawdown | 19.63 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.73 |
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.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | 0.2219 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0305 | |||
| Treynor Ratio | (0.40) |
Best Buy Backtested Returns
At this point, Best Buy is very steady. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0696, which signifies that the company had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Best Buy Co, which you can use to evaluate the volatility of the firm. Please confirm Best Buy's Downside Deviation of 1.71, risk adjusted performance of 0.0672, and Mean Deviation of 1.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Best Buy has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Best Buy are expected to decrease at a much lower rate. During the bear market, Best Buy is likely to outperform the market. Best Buy right now shows a risk of 2.3%. Please confirm Best Buy value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Best Buy will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Best Buy Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 -0.04 indicates that only as little as 4.0% of current Best Buy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 5.41 |
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 |
Currently Active Assets on Macroaxis
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:Check out Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Best Buy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.