B of A Probability of Target Price Finishing Over 33.18

BAC -- USA Stock  

Earnings Call 

B of A probability of target price tool provides mechanism to make assumptions about upside and downside potential of Bank Of America Corporation performance during a given time horizon utilizing its historical volatility. Please specify B of A time horizon, a valid symbol (red box) and a target price (blue box) you would like B of A odds to be computed. Check also B of A Backtesting, B of A Valuation, B of A Correlation, B of A Hype Analysis, B of A Volatility, B of A History as well as B of A Performance.
Horizon     30 Days    Login   to change
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B of A Target Price Odds to finish over 33.18

Current PriceHorizonTarget PriceOdds to stay above $ 33.18  in 30 days
 34.44 30 days 33.18 
about 17.25
Based on normal probability distribution, the odds of B of A to stay above $ 33.18  in 30 days from now is about 17.25 (This Bank Of America Corporation probability density function shows the probability of B of A Stock to fall within a particular range of prices over 30 days) . Probability of Bank Of America price to stay between $ 33.18  and its current price of $34.44 at the end of the 30-day period is about 11.55 .
Considering 30-days investment horizon, the stock has beta coefficient of 1.38 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, B of A will likely underperform. Additionally The company has an alpha of 0.162 implying that it can potentially generate 0.162% excess return over DOW after adjusting for the inherited market risk (beta).
 B of A Price Density 
      Price 
α
Alpha over DOW
=0.16
β
Beta against DOW=1.38
σ
Overall volatility
=1.98
Ir
Information ratio =0.16

B of A Alerts and Suggestions

BK OF AMERICA CP has about 592.25 B in cash with (11.25 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 65.84 which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 70.0% of the company shares are held by institutions such as insurance companies
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B of APrice Density Drivers

Shares Percent Shares Out1.09%
Trailing Annual Dividend Rate0.63
Short Percent Of Float1.02%
Float Shares8.02B
Shares Short Prior Month96.15M
Average Daily Volume Last 10 Day45.55M
Average Daily Volume In Three Month49.59M
Date Short InterestNovember 29, 2019
Trailing Annual Dividend Yield1.82%
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