Analysts have assigned the Bank of Nova Scotia a ... - Best Stocks
| BAC Stock | MXN 884.73 1.42 0.16% |
Slightly above 55% of Bank of America's investor base is interested to short. The analysis of current outlook of investing in Bank of America suggests that many traders are impartial regarding Bank of America's prospects. Bank of America's investing sentiment can be driven by a variety of factors including economic data, Bank of America's earnings reports, geopolitical events, and overall market trends.
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Analysts have assigned the Bank of Nova Scotia a ... Best Stocks
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Bank of America Fundamental Analysis
We analyze Bank of America's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of America using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of America based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Bank of America is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Bank of America Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bank of America stock to make a market-neutral strategy. Peer analysis of Bank of America could also be used in its relative valuation, which is a method of valuing Bank of America by comparing valuation metrics with similar companies.
Peers
Bank of America Related Equities
| C | Citigroup | 1.88 | ||||
| MNST | Monster Beverage | 1.56 | ||||
| DAL | Delta Air | 1.17 | ||||
| NOV | NOV | 0.00 | ||||
| TRV | Travelers Companies | 0.00 | ||||
| JPM | JPMorgan Chase | 0.19 | ||||
| WMT | Walmart | 1.41 | ||||
| BBVA | Banco Bilbao | 3.41 | ||||
| VLO | Valero Energy | 4.44 |
Additional 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.