Bank Short Long Term Debt vs Short Term Investments Analysis

BOFA Stock

24.88 0.12 0.48%

Bank of America financial indicator trend analysis is way more than just evaluating Bank of America prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of America is a good investment. Please check the relationship between Bank of America Short Long Term Debt and its Short Term Investments accounts. Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Short Long Term Debt vs Short Term Investments

Short Long Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of America Short Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Bank of America's Short Long Term Debt and Short Term Investments is 0.29. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Bank of America, assuming nothing else is changed. The correlation between historical values of Bank of America's Short Long Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Bank of America are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Long Term Debt i.e., Bank of America's Short Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

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Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Short Term Investments

Short Term Investments is an item under the current assets section of Bank of America balance sheet. It contains any investments Bank of America undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Bank of America can easily liquidate in the marketplace.

Most indicators from Bank of America's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of America current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.At present, Bank of America's Selling General Administrative is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Net Interest Income	42.9B	52.5B	56.9B	53.8B
Tax Provision	2.0B	3.4B	1.8B	2.2B

Net Interest Income Tax Provision

Bank of America fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets	Capital Stock
Total Assets		0.53	0.98	0.82	-0.98	0.78	0.88	-0.97	0.93	0.98	0.88	0.68	0.98	0.97	0.49	-0.87	0.53	-0.98	0.58	-0.65	1.0	0.94	0.96	0.5	0.95	-0.97
Other Current Liab	0.53		0.53	0.42	-0.43	0.43	0.35	-0.34	0.51	0.52	0.31	0.56	0.53	0.57	0.33	-0.53	0.91	-0.41	0.61	-0.32	0.53	0.53	0.54	0.55	0.35	-0.61
Total Current Liabilities	0.98	0.53		0.8	-0.98	0.83	0.86	-0.96	0.96	1.0	0.86	0.78	0.98	0.99	0.36	-0.79	0.51	-0.95	0.68	-0.68	0.98	0.94	0.92	0.6	0.95	-0.94
Total Stockholder Equity	0.82	0.42	0.8		-0.81	0.93	0.97	-0.77	0.84	0.79	0.7	0.78	0.91	0.87	0.78	-0.93	0.47	-0.74	0.67	-0.72	0.81	0.96	0.66	0.65	0.82	-0.85
Other Liab	-0.98	-0.43	-0.98	-0.81		-0.8	-0.9	0.97	-0.97	-0.98	-0.82	-0.75	-0.97	-0.96	-0.41	0.83	-0.38	0.94	-0.66	0.75	-0.98	-0.93	-0.93	-0.59	-0.93	0.95
Net Tangible Assets	0.78	0.43	0.83	0.93	-0.8		0.89	-0.76	0.85	0.81	0.71	0.88	0.89	0.9	0.53	-0.77	0.46	-0.71	0.77	-0.67	0.77	0.93	0.59	0.73	0.84	-0.77
Property Plant And Equipment Net	0.88	0.35	0.86	0.97	-0.9	0.89		-0.84	0.92	0.84	0.7	0.79	0.93	0.89	0.71	-0.94	0.33	-0.8	0.69	-0.83	0.87	0.96	0.76	0.67	0.84	-0.9
Net Debt	-0.97	-0.34	-0.96	-0.77	0.97	-0.76	-0.84		-0.89	-0.97	-0.93	-0.61	-0.94	-0.94	-0.38	0.77	-0.39	0.99	-0.48	0.58	-0.97	-0.89	-0.92	-0.39	-0.98	0.89
Retained Earnings	0.93	0.51	0.96	0.84	-0.97	0.85	0.92	-0.89		0.94	0.7	0.88	0.96	0.95	0.44	-0.84	0.4	-0.85	0.81	-0.86	0.93	0.95	0.86	0.76	0.86	-0.96
Accounts Payable	0.98	0.52	1.0	0.79	-0.98	0.81	0.84	-0.97	0.94		0.89	0.73	0.97	0.98	0.36	-0.79	0.52	-0.97	0.63	-0.63	0.98	0.92	0.93	0.54	0.96	-0.94
Cash	0.88	0.31	0.86	0.7	-0.82	0.71	0.7	-0.93	0.7	0.89		0.42	0.85	0.86	0.36	-0.67	0.5	-0.95	0.26	-0.28	0.88	0.79	0.8	0.16	0.96	-0.75
Other Assets	0.68	0.56	0.78	0.78	-0.75	0.88	0.79	-0.61	0.88	0.73	0.42		0.79	0.82	0.36	-0.68	0.38	-0.55	0.98	-0.85	0.68	0.84	0.55	0.96	0.63	-0.76
Long Term Debt	0.98	0.53	0.98	0.91	-0.97	0.89	0.93	-0.94	0.96	0.97	0.85	0.79		0.99	0.55	-0.9	0.54	-0.93	0.69	-0.72	0.97	0.99	0.89	0.62	0.95	-0.97
Net Receivables	0.97	0.57	0.99	0.87	-0.96	0.9	0.89	-0.94	0.95	0.98	0.86	0.82	0.99		0.45	-0.84	0.57	-0.92	0.71	-0.68	0.96	0.97	0.87	0.64	0.95	-0.94
Good Will	0.49	0.33	0.36	0.78	-0.41	0.53	0.71	-0.38	0.44	0.36	0.36	0.36	0.55	0.45		-0.84	0.43	-0.4	0.29	-0.46	0.48	0.63	0.4	0.32	0.42	-0.58
Common Stock Shares Outstanding	-0.87	-0.53	-0.79	-0.93	0.83	-0.77	-0.94	0.77	-0.84	-0.79	-0.67	-0.68	-0.9	-0.84	-0.84		-0.54	0.78	-0.59	0.73	-0.86	-0.92	-0.8	-0.57	-0.77	0.93
Short Term Investments	0.53	0.91	0.51	0.47	-0.38	0.46	0.33	-0.39	0.4	0.52	0.5	0.38	0.54	0.57	0.43	-0.54		-0.49	0.37	-0.07	0.53	0.54	0.5	0.29	0.45	-0.55
Inventory	-0.98	-0.41	-0.95	-0.74	0.94	-0.71	-0.8	0.99	-0.85	-0.97	-0.95	-0.55	-0.93	-0.92	-0.4	0.78	-0.49		-0.42	0.51	-0.98	-0.87	-0.95	-0.32	-0.97	0.9
Other Current Assets	0.58	0.61	0.68	0.67	-0.66	0.77	0.69	-0.48	0.81	0.63	0.26	0.98	0.69	0.71	0.29	-0.59	0.37	-0.42		-0.84	0.57	0.73	0.48	0.99	0.48	-0.69
Other Stockholder Equity	-0.65	-0.32	-0.68	-0.72	0.75	-0.67	-0.83	0.58	-0.86	-0.63	-0.28	-0.85	-0.72	-0.68	-0.46	0.73	-0.07	0.51	-0.84		-0.65	-0.75	-0.6	-0.86	-0.52	0.77
Total Liab	1.0	0.53	0.98	0.81	-0.98	0.77	0.87	-0.97	0.93	0.98	0.88	0.68	0.97	0.96	0.48	-0.86	0.53	-0.98	0.57	-0.65		0.93	0.97	0.49	0.94	-0.97
Net Invested Capital	0.94	0.53	0.94	0.96	-0.93	0.93	0.96	-0.89	0.95	0.92	0.79	0.84	0.99	0.97	0.63	-0.92	0.54	-0.87	0.73	-0.75	0.93		0.82	0.68	0.91	-0.94
Long Term Investments	0.96	0.54	0.92	0.66	-0.93	0.59	0.76	-0.92	0.86	0.93	0.8	0.55	0.89	0.87	0.4	-0.8	0.5	-0.95	0.48	-0.6	0.97	0.82		0.39	0.85	-0.94
Short Long Term Debt	0.5	0.55	0.6	0.65	-0.59	0.73	0.67	-0.39	0.76	0.54	0.16	0.96	0.62	0.64	0.32	-0.57	0.29	-0.32	0.99	-0.86	0.49	0.68	0.39		0.39	-0.63
Total Current Assets	0.95	0.35	0.95	0.82	-0.93	0.84	0.84	-0.98	0.86	0.96	0.96	0.63	0.95	0.95	0.42	-0.77	0.45	-0.97	0.48	-0.52	0.94	0.91	0.85	0.39		-0.86
Capital Stock	-0.97	-0.61	-0.94	-0.85	0.95	-0.77	-0.9	0.89	-0.96	-0.94	-0.75	-0.76	-0.97	-0.94	-0.58	0.93	-0.55	0.9	-0.69	0.77	-0.97	-0.94	-0.94	-0.63	-0.86

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Bank of America Account Relationship Matchups

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 Stock

0.91	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.84	RY	Royal Bank Earnings Call This Week	Pair Corr
0.89	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.83	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against Bank Stock

0.62

Toronto Dominion Bank Earnings Call This Week

Pair Corr

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.

Pair Correlation Correlation Matching

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:

How To Invest In Bank

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Is Bank Stock a good investment?

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What is Bank of America's Net Worth?

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Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bank Short Long Term Debt vs Short Term Investments Analysis

Short Long Term Debt vs Short Term Investments

Short Long Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Short Term Investments

Bank of America fundamental ratios Correlations

Bank of America Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Bank of America

Moving together with Bank Stock

Moving against Bank Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Net Receivables	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Net Debt
Net Receivables	+ 0.99	Long Term Debt
Net Invested Capital	+ 0.99	Long Term Debt

Total Liab	- 0.98	Inventory
Total Current Assets	- 0.98	Net Debt
Total Liab	- 0.98	Other Liab
Accounts Payable	- 0.98	Other Liab
Other Liab	- 0.98	Total Current Liabilities
Inventory	- 0.98	Total Assets