Best Buy (Brazil) Odds of Future Stock Price Finishing Under 354.96
| BBYY34 Stock | BRL 526.24 0.78 0.15% |
Best |
Best Buy Target Price Odds to finish below 354.96
The tendency of Best Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to R$ 354.96 or more in 90 days |
| 526.24 | 90 days | 354.96 | near 1 |
Based on a normal probability distribution, the odds of Best Buy to drop to R$ 354.96 or more in 90 days from now is near 1 (This Best Buy Co probability density function shows the probability of Best Stock to fall within a particular range of prices over 90 days) . Probability of Best Buy price to stay between R$ 354.96 and its current price of R$526.24 at the end of the 90-day period is about 23.2 .
Assuming the 90 days trading horizon Best Buy Co has a beta of -0.0075 suggesting as returns on the benchmark increase, returns on holding Best Buy are expected to decrease at a much lower rate. During a bear market, however, Best Buy Co is likely to outperform the market. Additionally Best Buy Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Best Buy Price Density |
| Price |
Predictive Modules for Best Buy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Best Buy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Best Buy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Best Buy is not an exception. The market had few large corrections towards the Best Buy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Best Buy Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Best Buy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.0075 | |
σ | Overall volatility | 11.28 | |
Ir | Information ratio | -0.11 |
Best Buy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Best Buy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Best Buy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Best Buy generated a negative expected return over the last 90 days |
Best Buy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Best Stock often depends not only on the future outlook of the current and potential Best Buy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Best Buy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 227.4 M |
Best Buy Technical Analysis
Best Buy's future price can be derived by breaking down and analyzing its technical indicators over time. Best Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Best Buy Co. In general, you should focus on analyzing Best Stock price patterns and their correlations with different microeconomic environments and drivers.
Best Buy Predictive Forecast Models
Best Buy's time-series forecasting models is one of many Best Buy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Best Buy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Best Buy
Checking the ongoing alerts about Best Buy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Best Buy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Best Buy generated a negative expected return over the last 90 days |
Additional Information and Resources on Investing in Best Stock
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:Check out Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..