Best Buy Co Stock Market Value
| BBY Stock | USD 76.00 0.23 0.30% |
| Symbol | Best |
Best Buy Price To Book Ratio
Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 3.68 | Earnings Share 5.68 | Revenue Per Share 199.596 | Quarterly Revenue Growth (0.01) |
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
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.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Best Buy on April 29, 2022 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 720 days. Best Buy is related to or competes with National Vision, and Caseys General. Best Buy Co., Inc. retails technology products in the United States and 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 | 1.84 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.01 |
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 | 0.0357 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0141 | |||
| Treynor Ratio | 0.0409 |
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 Backtested Returns
We consider Best Buy very steady. Best Buy secures Sharpe Ratio (or Efficiency) of 0.0814, which signifies that the company had a 0.0814% 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 1.84, risk adjusted performance of 0.0357, and Mean Deviation of 1.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Best Buy has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.74, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Best Buy will likely underperform. Best Buy right now shows a risk of 1.75%. Please confirm Best Buy expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Best Buy will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Best Buy Co has very weak predictability. Overlapping area represents the amount of predictability between Best Buy time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 0.18 indicates that over 18.0% of current Best Buy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 23.84 |
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 |
Pair Trading with Best Buy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.Moving against Best Stock
| 0.79 | UCAR | U Power Limited Upward Rally | PairCorr |
| 0.79 | EGOX | NexteGO NV Ordinary | PairCorr |
| 0.76 | ARKO | Arko Corp Financial Report 13th of May 2024 | PairCorr |
| 0.71 | SPWH | Sportsmans Financial Report 4th of June 2024 | PairCorr |
| 0.69 | VEEE | Twin Vee Powercats | PairCorr |
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy. Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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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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.