Best Buy Co., Inc. The Best Home Appliance Stocks to Invest In - Insider Monkey
| BBYY34 Stock | BRL 526.24 0.78 0.15% |
About 61% of Best Buy's investor base is looking to short. The analysis of current outlook of investing in Best Buy Co suggests that many traders are alarmed regarding Best Buy's prospects. The current market sentiment, together with Best Buy's historical and current headlines, can help investors time the market. In addition, many technical investors use Best Buy stock news signals to limit their universe of possible portfolio assets.
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Best Buy Co., Inc. The Best Home Appliance Stocks to Invest In Insider Monkey
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Best Buy Fundamental Analysis
We analyze Best Buy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Best Buy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Best Buy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Best Buy is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Best Buy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Best Buy stock to make a market-neutral strategy. Peer analysis of Best Buy could also be used in its relative valuation, which is a method of valuing Best Buy by comparing valuation metrics with similar companies.
Peers
Best Buy Related Equities
| G2DI33 | G2D Investments | 2.11 | ||||
| A1LL34 | Bread Financial | 0.08 | ||||
| CRDA34 | Credit Acceptance | 0.00 | ||||
| A1IV34 | Apartment Investment | 0.09 | ||||
| F1NI34 | Fidelity National | 0.28 | ||||
| A1MP34 | Ameriprise Financial | 0.99 |
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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