Bank of America Preferred Stock Forecast - Price Action Indicator
| BAC-PP Preferred Stock | USD 18.43 0.15 0.82% |
Bank Preferred Stock Forecast is based on your current time horizon.
Bank |
| Check Bank of America Volatility | Backtest Bank of America | Information Ratio |
Bank of America Trading Date Momentum
| On November 22 2024 Bank of America was traded for 18.43 at the closing time. The maximum traded price for the trading interval was 18.49 and the lowest daily price was 18.24 . There was no trading activity during the period 0.0. Lack of trading volume on 22nd of November 2024 did not affect price variability. The overall trading delta to the closing price today is 0.71% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Bank of America
For every potential investor in Bank, whether a beginner or expert, Bank of America's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bank. Basic forecasting techniques help filter out the noise by identifying Bank of America's price trends.Bank of America Related Equities
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 preferred 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.
| Risk & Return | Correlation |
Bank of America Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bank of America's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bank of America's current price.| Cycle Indicators | ||
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Bank of America Market Strength Events
Market strength indicators help investors to evaluate how Bank of America preferred stock 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 preferred stock market strength indicators, traders can identify Bank of America entry and exit signals to maximize returns.
Bank of America Risk Indicators
The analysis of Bank of America's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bank of America's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.6546 | |||
| Standard Deviation | 0.8751 | |||
| Variance | 0.7659 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Bank of America
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of America position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of America will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Preferred Stock
| 0.75 | TD | Toronto Dominion Bank Sell-off Trend | PairCorr |
Moving against Bank Preferred Stock
| 0.75 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | WFC | Wells Fargo Aggressive Push | PairCorr |
| 0.63 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.56 | C | Citigroup Aggressive Push | PairCorr |
| 0.56 | BCS | Barclays PLC ADR Aggressive Push | PairCorr |
The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.