Best Buy (Mexico) Market Value
| BBY Stock | MXN 1,869 13.14 0.71% |
| 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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Best Buy on November 4, 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 MercadoLibre, EBay, Grupo Gigante. 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 | 2.18 | |||
| Information Ratio | 0.0069 | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 0.9206 |
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 | 0.054 | |||
| Jensen Alpha | 0.1663 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | (0.25) |
Best Buy Backtested Returns
Best Buy secures Sharpe Ratio (or Efficiency) of -0.0771, which signifies that the company had a -0.0771% return per unit of risk over the last 3 months. Best Buy Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Best Buy's Mean Deviation of 0.7349, downside deviation of 2.18, and Risk Adjusted Performance of 0.054 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.47, 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. At this point, Best Buy has a negative expected return of -0.0838%. Please make sure to confirm Best Buy's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Best Buy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Best Buy Co has good predictability. Overlapping area represents the amount of predictability between Best Buy time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 0.67 indicates that around 67.0% of current Best Buy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 103.33 |
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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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 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.