Best Buy (Mexico) Odds of Future Stock Price Finishing Over 1335.0
| BBY Stock | MXN 1,270 15.00 1.17% |
Best |
Best Buy Target Price Odds to finish over 1335.0
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 over 1,335 or more in 90 days |
| 1,270 | 90 days | 1,335 | about 21.9 |
Based on a normal probability distribution, the odds of Best Buy to move over 1,335 or more in 90 days from now is about 21.9 (This Best Buy Co probability density function shows the probability of Best Stock to fall within a particular range of prices over 90 days) . Probability of Best Buy price to stay between its current price of 1,270 and 1,335 at the end of the 90-day period is about 44.03 .
Assuming the 90 days trading horizon Best Buy Co has a beta of -0.0874 suggesting as returns on the benchmark increase, returns on holding Best Buy are expected to decrease at a much lower rate. During a bear market, however, Best Buy Co is likely to outperform the market. Additionally Best Buy Co has an alpha of 0.0951, implying that it can generate a 0.0951 percent excess return over NYSE Composite 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.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.
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 NYSE Composite | 0.1 | |
β | Beta against NYSE Composite | -0.09 | |
σ | Overall volatility | 54.79 | |
Ir | Information ratio | 0.01 |
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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 80.0% of the company shares are held by institutions such as insurance companies |
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 | 240.6 M |
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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 80.0% of the company shares are held by institutions such as insurance companies |
Check out Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary 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.
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