Bank Of America Preferred Stock Price on May 1, 2023
BAC-PM Preferred Stock | USD 23.75 0.04 0.17% |
If you're considering investing in Bank Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bank of America stands at 23.75, as last reported on the 23rd of November, with the highest price reaching 23.85 and the lowest price hitting 23.71 during the day. Bank of America secures Sharpe Ratio (or Efficiency) of -0.0076, which signifies that the company had a -0.0076% return per unit of risk over the last 3 months. Bank of America exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank of America's insignificant Risk Adjusted Performance, mean deviation of 0.4368, and Standard Deviation of 0.5767 to double-check the risk estimate we provide.
Bank Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = -0.0076
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Estimated Market Risk
0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bank of America is not performing at its full potential. However, 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 Bank of America to a well-diversified portfolio.
Bank of America Valuation on May 1, 2023
It is possible to determine the worth of Bank of America on a given historical date. On May 1, 2023 Bank was worth 21.7 at the beginning of the trading date compared to the closed value of 21.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of America preferred stock. Still, in general, we apply an absolute valuation method to find Bank of America's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bank of America where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank of America's related companies.
Open | High | Low | Close | Volume | |
21.36 | 21.75 | 21.33 | 21.70 | 280,803 | |
05/01/2023 | 21.70 | 21.70 | 21.42 | 21.54 | 56,378 |
21.41 | 21.49 | 21.33 | 21.44 | 70,182 |
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Bank of America Trading Date Momentum on May 1, 2023
On May 02 2023 Bank of America was traded for 21.44 at the closing time. The maximum traded price for the trading interval was 21.49 and the lowest daily price was 21.33 . The daily volume was recorded at 70.2 K. The volume of trading on 2nd of May 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.46% . The overall trading delta to the closing price today is 2.27% . |
Bank of America Fundamentals Correlations and Trends
By evaluating Bank of America's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bank of America's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank of America Preferred Stock history
Bank of America investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bank of America will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bank of America stock prices may prove useful in developing a viable investing in Bank of America
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America Corporation was founded in 1784 and is headquartered in Charlotte, North Carolina. Bank Of America operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 211225 people.
Bank of America Preferred Stock Technical Analysis
Bank of America technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.
Price Boundaries
Bank of America Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Bank of America cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bank of America November 23, 2024 Market Strength
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 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 Preferred Stock 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) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.09) | |||
Treynor Ratio | (0.13) |
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Other Information on Investing in Bank Preferred Stock
Bank of America financial ratios help investors to determine whether Bank Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of America security.