Macroaxis considers Best Buy to be very steady. Best Buy
secures Sharpe Ratio (or Efficiency) of -0.014 which signifies that the organization had -0.014% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Best Buy Co exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Best Buy Mean Deviation
of 1.66 and Risk Adjusted Performance
of 0.0028 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 1.7108 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Best Buy will likely underperform. Even though it is essential to pay attention to Best Buy
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. Best Buy Co exposes twenty-one different technical indicators which can help you to evaluate its performance. Best Buy
has expected return of -0.0375%. Please be advised to confirm Best Buy Standard Deviation
, Maximum Drawdown
as well as the relationship
between Maximum Drawdown and Expected Short fall
to decide if Best Buy
past performance will be repeated at some point in the near future.
Excellent reverse predictability
Best Buy Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Best Buy time series from June 20, 2019 to July 20, 2019 and July 20, 2019 to August 19, 2019. 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 -0.83 indicates that around 83.0% of current Best Buy price fluctuation can be explain by its past prices. Given that Best Buy Co has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Best Buy for similar time interval.