Best Buy Stock Market Value

BBY
 Stock
  

USD 79.53  2.89  3.51%   

Best Buy's market value is the price at which a share of Best Buy stock trades on a public exchange. It measures the collective expectations of Best Buy Company investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Best Buy Company and determine expected loss or profit from investing in Best Buy over a given investment horizon. Continue to Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy.
Symbol


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 Buy 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 YOY
-0.36
Market Capitalization
18.6 B
Quarterly Revenue Growth YOY
-0.085
Return On Assets
0.1
Return On Equity
0.64
The market value of Best Buy is measured differently than its book value, which is the value of Best Buy 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 Best Buy value 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.

Best Buy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Best Buy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Best Buy.
0.00
01/26/2021
No Change 0.00  0.0 
In 1 year 6 months and 25 days
08/19/2022
0.00
If you would invest  0.00  in Best Buy on January 26, 2021 and sell it all today you would earn a total of 0.00 from holding Best Buy Company or generate 0.0% return on investment in Best Buy over 570 days. Best Buy is related to or competes with Boeing, Cisco Systems, General Electric, Merck, Disney, International Business, and Johnson Johnson. Best Buy Co., Inc. retails technology products in the United States and Canada More

Best Buy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Best Buy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Best Buy Company upside and downside potential and time the market with a certain degree of confidence.

Best Buy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Best Buy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Best Buy's standard deviation. In reality, there are many statistical measures that can use Best Buy historical prices to predict the future Best Buy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Best Buy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
79.3382.0984.85
Details
Intrinsic
Valuation
LowReal ValueHigh
74.18101.82104.58
Details
Naive
Forecast
LowNext ValueHigh
84.8887.6390.39
Details
17 Analysts
Consensus
LowTarget PriceHigh
106.00131.27175.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Best Buy.

Best Buy Backtested Returns

Best Buy secures Sharpe Ratio (or Efficiency) of -0.0316, which signifies that the company had -0.0316% of return per unit of risk over the last 15 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Best Buy Company exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Best Buy risk adjusted performance of (0.02085), and Mean Deviation of 1.83 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3463, which signifies a somewhat significant risk relative to the market. Let's try to break down what Best Buy's beta means in this case. As the market goes up, the company is expected to 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. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Best Buy Company exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Best Buy has an expected return of -0.0791%. Please be advised to confirm Best Buy maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to decide if Best Buy performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.00  

No correlation between past and present

Best Buy Company has no correlation between past and present. Overlapping area represents the amount of predictability between Best Buy time series from 26th of January 2021 to 7th of November 2021 and 7th of November 2021 to 19th of August 2022. 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 0.0 indicates that just 0.0% of current Best Buy price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.08
Residual Average0.0
Price Variance216.1

Best Buy lagged returns against current returns

Autocorrelation, which is Best Buy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Best Buy's stock expected returns. We can calculate the autocorrelation of Best Buy returns to help us make a trade decision. For example, suppose you find that Best Buy stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Best Buy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Best Buy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Best Buy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Best Buy stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Best Buy Lagged Returns

When evaluating Best Buy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Best Buy stock have on its future price. Best Buy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Best Buy autocorrelation shows the relationship between Best Buy stock current value and its past values and can show if there is a momentum factor associated with investing in Best Buy Company.
   Regressed Prices   
Share
       Timeline  

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 Buy. 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 markets does not have a 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 investment in Best Buy. The trend in average sentiment can be used to explain how an investor holding Best Buy can time the market purely based on public headlines and social activities around Best Buy Company. Please note that most equiteis 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

    
  30.48  
Best Buy's implied volatility exposes the market's sentiment of Best Buy Company 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 Buy

0.77BBBYBed Bath Beyond Normal TradingPairCorr
0.89BGFVBig 5 Sporting Normal TradingPairCorr

Moving against Best Buy

0.73DLTRDollar Tree Earnings Call  This WeekPairCorr
0.69AZOAutozone Fiscal Year End 20th of September 2022 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 Company to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other equities. 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.
Pair CorrelationCorrelation Matching
Continue to Best Buy Correlation, Best Buy Volatility and Best Buy Alpha and Beta module to complement your research on Best Buy. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Best Buy Stock analysis

When running Best Buy 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 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.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Best Buy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Best Buy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Best Buy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...