Bank of America (Germany) Today
| NCB Stock | EUR 35.01 0.37 1.07% |
Performance14 of 100
| Odds Of DistressLess than 9
|
Bank of America is selling for under 35.01 as of the 8th of May 2024; that is 1.07 percent increase since the beginning of the trading day. The stock's last reported lowest price was 35.01. Bank of America has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Bank of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of February 2024 and ending today, the 8th of May 2024. Click here to learn more.
Moving against Bank Stock
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Bank Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bank of America's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bank of America or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Other, Other (View all Sectors) |
Bank of America (NCB) is traded on Dusseldorf Exchange in Germany . The company operates under Other sector and is part of Other industry.
Bank of America generates negative cash flow from operations
Check Bank of America Probability Of Bankruptcy
Bank Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Bank of America jumping above the current price in 90 days from now is about 10.48%. The Bank of America probability density function shows the probability of Bank of America stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Bank of America has a beta of -0.0623. This indicates as returns on the benchmark increase, returns on holding Bank of America are expected to decrease at a much lower rate. During a bear market, however, Bank of America is likely to outperform the market. Additionally, bank of America has an alpha of 0.1742, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Bank of America to move above the current price in 90 days from now is about 10.48 (This Bank of America probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) .
Bank of America Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bank of America market risk premium is the additional return an investor will receive from holding Bank of America long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bank of America. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bank of America's alpha and beta are two of the key measurements used to evaluate Bank of America's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.9925 | |||
| Semi Deviation | 1.01 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.7 |
Bank Stock Against Markets
Picking the right benchmark for Bank of America stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bank of America stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bank of America is critical whether you are bullish or bearish towards Bank of America at a given time. Please also check how Bank of America's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of America without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Bank Stock?
Before investing in Bank of America, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bank of America. To buy Bank of America stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bank of America. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Bank of America stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Bank of America stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Bank of America stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bank of America, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Bank Stock please use our How to Invest in Bank of America guide.
Already Invested in Bank of America?
The danger of trading Bank of America is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank of America is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank of America. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bank of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America'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 Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Bank Stock please use our How to Invest in Bank of America 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Bank 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.
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