Bank Of America Preferred Stock Probability of Future Preferred Stock Price Finishing Under 1160.0
| BAC-PL Preferred Stock | USD 1,158 2.01 0.17% |
Bank |
Bank of America Target Price Odds to finish below 1160.0
The tendency of Bank Preferred 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 stay under $ 1,160 after 90 days |
| 1,158 | 90 days | 1,160 | about 7.42 |
Based on a normal probability distribution, the odds of Bank of America to stay under $ 1,160 after 90 days from now is about 7.42 (This Bank of America probability density function shows the probability of Bank Preferred Stock to fall within a particular range of prices over 90 days) . Probability of Bank of America price to stay between its current price of $ 1,158 and $ 1,160 at the end of the 90-day period is roughly 2.25 .
Assuming the 90 days trading horizon Bank of America has a beta of 0.41 suggesting as returns on the market go up, Bank of America average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bank of America will be expected to be much smaller as well. Additionally Bank of America has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Bank of America Price Density |
| Price |
Predictive Modules for Bank of America
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of America. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of America'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.
Bank of America Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bank of America is not an exception. The market had few large corrections towards the Bank of America'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 Bank of America, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bank of America within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 0.41 | |
σ | Overall volatility | 11.35 | |
Ir | Information ratio | -0.16 |
Bank of America 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 Bank of America for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bank of America can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bank of America generated a negative expected return over the last 90 days | |
| Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61. | |
| Roughly 66.0% of the company shares are held by institutions such as insurance companies |
Bank of America 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 Bank Preferred Stock often depends not only on the future outlook of the current and potential Bank of America'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. Bank of America's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8 B |
Bank of America Technical Analysis
Bank of America's future price can be derived by breaking down and analyzing its technical indicators over time. Bank Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bank of America. In general, you should focus on analyzing Bank Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
Bank of America Predictive Forecast Models
Bank of America's time-series forecasting models is one of many Bank of America's preferred 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 Bank of America'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 preferred stock market movement and maximize returns from investment trading.
Things to note about Bank of America
Checking the ongoing alerts about Bank of America for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bank of America help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bank of America generated a negative expected return over the last 90 days | |
| Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61. | |
| Roughly 66.0% of the company shares are held by institutions such as insurance companies |
Check out Bank of America Backtesting, Bank of America Valuation, Bank of America Correlation, Bank of America Hype Analysis, Bank of America Volatility, Bank of America History as well as Bank of America Performance. For more information on how to buy Bank Preferred Stock please use our How to buy in Bank Preferred Stock guide.Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Bank Preferred Stock analysis
When running Bank of America's price analysis, check to measure Bank of America'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 Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Positions Ratings 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 | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |