Best Buy Backtesting

BBY -- USA Stock  

USD 66.26  0.78  1.19%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Best Buy Co and determine expected loss or profit from investing in Best Buy over given investment horizon. Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Best Buy 'What if' Analysis

June 20, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 19, 2019
0.00
If you would invest  0.00  in Best Buy on June 20, 2019 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 60 days. Best Buy is related to or competes with 1 800, Acorn International, eBay, Advance Auto, Lands End, AutoZone, and Five Below. Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, ...

Best Buy Upside/Downside Indicators

Information Ratio0.0051
Maximum Drawdown14.67
Value At Risk(4.54)
Potential Upside2.64

Best Buy Market Premium Indicators

Risk Adjusted Performance0.0028
Jensen Alpha0.038
Total Risk Alpha0.0789
Treynor Ratio(0.012148)

Best Buy Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.83) 
correlation synergy

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.
Correlation Coefficient-0.83
Spearman Rank Test-0.71
Residual Average0.0
Price Variance23.99

Best Buy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Best Buy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Best Buy Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BBY

Best Buy Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Best Buy Co. What is your opinion about investing in Best Buy Co? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Best Buy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Best Buy and 1 800 FLOWERS. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Best Buy Hype Analysis, Best Buy Correlation, Best Buy Valuation, Best Buy Volatility as well as analyze Best Buy Alpha and Beta and Best Buy Performance. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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