Bank Of America Preferred Stock Price on April 10, 2023
If you're considering investing in Bank Pink Sheet, it is important to understand the factors that can impact its price. Currently, Bank of America is very steady. Bank of America secures Sharpe Ratio (or Efficiency) of 0.0736, which signifies that the company had a 0.0736% return per unit of risk over the last 3 months. We have found fourteen technical indicators for Bank of America, which you can use to evaluate the volatility of the firm. Please confirm Bank of America's Standard Deviation of 1.5, mean deviation of 0.3621, and Risk Adjusted Performance of 0.0585 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
Bank Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = 0.0736
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Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Bank of America is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bank of America by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Bank of America Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
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Bank of America December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of America pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of America shares will generate the highest return on investment. By undertsting and applying Bank of America pink sheet market strength indicators, traders can identify Bank of America entry and exit signals to maximize returns
Bank of America Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank of America's price direction in advance. Along with the technical and fundamental analysis of Bank Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.32) |
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Additional Tools for Bank Pink Sheet 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.