Best Net Income vs Change To Liabilities Analysis
BBY Stock | USD 74.47 2.03 2.80% |
Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Net Income and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Net Income vs Change To Liabilities
Net Income vs Change To Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Best Buy Net Income account and Change To Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Best Buy's Net Income and Change To Liabilities is -0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Best Buy Co, assuming nothing else is changed. The correlation between historical values of Best Buy's Net Income and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Best Buy Co are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Net Income i.e., Best Buy's Net Income and Change To Liabilities go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Best Buy financial statement analysis. It represents the amount of money remaining after all of Best Buy Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change To Liabilities
Most indicators from Best Buy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Best Buy's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 23.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.1 B in 2024.
2021 | 2022 | 2024 (projected) | Interest Expense | 25M | 35M | 32.8M | Depreciation And Amortization | 835M | 1.1B | 482.9M |
Best Buy fundamental ratios Correlations
Click cells to compare fundamentals
Best Buy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Best Buy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.6B | 19.1B | 17.5B | 15.8B | 15.0B | 9.7B | |
Short Long Term Debt Total | 4.1B | 4.1B | 3.9B | 4.0B | 4.0B | 4.2B | |
Other Current Liab | 1.3B | 1.7B | 1.8B | 1.2B | 1.4B | 881.9M | |
Total Current Liabilities | 8.1B | 10.5B | 10.7B | 9.0B | 7.9B | 5.2B | |
Total Stockholder Equity | 3.5B | 4.6B | 3.0B | 2.8B | 3.1B | 2.9B | |
Property Plant And Equipment Net | 5.0B | 4.9B | 4.9B | 5.1B | 5.0B | 5.3B | |
Net Debt | 1.8B | (1.4B) | 1.0B | 2.1B | 2.5B | 2.7B | |
Retained Earnings | 3.2B | 4.2B | 2.7B | 2.4B | 2.7B | 2.5B | |
Cash | 2.2B | 5.5B | 2.9B | 1.9B | 1.4B | 1.3B | |
Non Current Assets Total | 6.7B | 6.5B | 7.0B | 7.0B | 7.1B | 7.4B | |
Non Currrent Assets Other | 615M | 561M | 548M | 469M | 454M | 476.7M | |
Cash And Short Term Investments | 2.2B | 5.5B | 2.9B | 1.9B | 1.4B | 1.7B | |
Net Receivables | 1.1B | 1.1B | 1.0B | 1.1B | 939M | 782.2M | |
Common Stock Shares Outstanding | 268.1M | 263M | 249.3M | 225.7M | 218.5M | 386.0M | |
Liabilities And Stockholders Equity | 15.6B | 19.1B | 17.5B | 15.8B | 15.0B | 9.6B | |
Non Current Liabilities Total | 4.1B | 4.0B | 3.8B | 4.0B | 4.0B | 4.2B | |
Other Current Assets | 305M | 373M | 596M | 647M | 553M | 422.9M | |
Other Stockholder Equity | 295M | 328M | 329M | 21M | 31M | 29.5M | |
Total Liab | 12.1B | 14.5B | 14.5B | 13.0B | 11.9B | 6.7B | |
Total Current Assets | 8.9B | 12.5B | 10.5B | 8.8B | 7.9B | 6.3B | |
Accumulated Other Comprehensive Income | 295M | 328M | 329M | 322M | 317M | 332.9M | |
Short Term Debt | 674M | 817M | 661M | 654M | 631M | 662.6M | |
Accounts Payable | 5.3B | 7.0B | 6.8B | 5.7B | 4.6B | 3.6B | |
Current Deferred Revenue | 782M | 1.0B | 1.4B | 1.4B | 1.3B | 926.9M | |
Good Will | 984M | 986M | 1.4B | 1.4B | 1.6B | 1.1B | |
Intangible Assets | 363M | 301M | 275M | 189M | 128M | 223.0M | |
Short Term Investments | 183M | 117M | 65M | 178M | 160.2M | 152.2M | |
Other Assets | 243M | 277M | 352M | 520M | 468M | 316M | |
Long Term Debt | 1.3B | 1.1B | 1.1B | 1.2B | 1.2B | 931M | |
Long Term Debt Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.3B | 1.3B | |
Cash And Equivalents | 2.2B | 5.5B | 2.9B | 1.9B | 2.2B | 2.8B | |
Property Plant Equipment | 5.0B | 4.9B | 4.9B | 5.1B | 5.9B | 4.3B | |
Other Liab | 657M | 694M | 533M | 705M | 634.5M | 534.1M | |
Net Tangible Assets | 2.1B | 3.3B | 1.4B | 3.6B | 4.1B | 2.7B | |
Net Invested Capital | 4.8B | 5.8B | 4.2B | 1.2B | 4.2B | 3.3B | |
Short Long Term Debt | 14M | 110M | 13M | 16M | 14.4M | 13.7M | |
Non Current Liabilities Other | 657M | 694M | 533M | 705M | 654M | 532.4M |
Best Buy Investors Sentiment
The influence of Best Buy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Best. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Best Buy's public news can be used to forecast risks associated with an investment in Best. The trend in average sentiment can be used to explain how an investor holding Best can time the market purely based on public headlines and social activities around Best Buy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Best Buy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Best Buy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Best Buy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Best Buy.
Best Buy Implied Volatility | 30.04 |
Best Buy's implied volatility exposes the market's sentiment of Best Buy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Best Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Best Buy stock will not fluctuate a lot when Best Buy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Best Buy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Best Buy's short interest history, or implied volatility extrapolated from Best Buy options trading.
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 together with Best Stock
0.85 | W | Wayfair | PairCorr |
0.63 | DIBS | 1StdibsCom Earnings Call This Week | PairCorr |
Moving against Best Stock
0.69 | BQ | Boqii Holding Limited | PairCorr |
0.55 | WINA | Winmark | PairCorr |
0.52 | JL | J Long Group | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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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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.