Best Buy Co Inc shows Downside Deviation
of 2.49, Risk Adjusted Performance
of 0.0319 and Mean Deviation
of 1.69. Best Buy Co technical analysis gives you the methodology to make use of historical prices
and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices
and volume momentum or the prices will eventually revert. We found nineteen technical drivers
for Best Buy Co Inc which can be compared to its rivals. Please confirm Best Buy Co Standard Deviation
, Maximum Drawdown
as well as the relationship
between Maximum Drawdown and Expected Short fall
to decide if Best Buy Co is priced correctly providing market reflects its regular price of 46.97 per share. Given that Best Buy has Jensen Alpha
of 0.165, we suggest you validate Best Buy Co Inc prevailing market performance to make sure the company can sustain itself at future point.
Best Buy Co Trend Analysis
Use this graph to draw trend lines for Best Buy Co Inc. You can use it to identify possible trend reversals for Best Buy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Best Buy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Best Buy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Best Buy Co Inc applied against its price change over selected period. The best fit line has a slop of 0.11 %
which may imply that Best Buy Co Inc will maintain its good market sentiment and make money for investors. It has 44 observation points and a regression sum of squares at 20.65, which is the sum of squared deviations for the predicted Best Buy price change compared to its average price change.