BANK OF AMERICA Market Value
| 63858SAA7 | 103.21 0.00 0.00% |
| Symbol | 63858SAA7 |
63858SAA7 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 63858SAA7's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 63858SAA7.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in 63858SAA7 on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding BANK OF AMERICA or generate 0.0% return on investment in 63858SAA7 over 210 days. 63858SAA7 is related to or competes with Coca Cola, FitLife Brands,, Compania Cervecerias, Bridgford Foods, SNDL, Anheuser Busch, and AMCON Distributing. More
63858SAA7 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 63858SAA7's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BANK OF AMERICA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.642 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.21 |
63858SAA7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 63858SAA7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 63858SAA7's standard deviation. In reality, there are many statistical measures that can use 63858SAA7 historical prices to predict the future 63858SAA7's volatility.| Risk Adjusted Performance | 0.0243 | |||
| Jensen Alpha | 0.0276 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.16) |
BANK OF AMERICA Backtested Returns
At this point, 63858SAA7 is very steady. BANK OF AMERICA secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the bond had a 0.18% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for BANK OF AMERICA, which you can use to evaluate the volatility of the entity. Please confirm 63858SAA7's mean deviation of 0.5008, and Coefficient Of Variation of 3223.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The entity shows a Beta (market volatility) of -0.0964, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 63858SAA7 are expected to decrease at a much lower rate. During the bear market, 63858SAA7 is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
BANK OF AMERICA has modest predictability. Overlapping area represents the amount of predictability between 63858SAA7 time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BANK OF AMERICA price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current 63858SAA7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
BANK OF AMERICA lagged returns against current returns
Autocorrelation, which is 63858SAA7 bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 63858SAA7's bond expected returns. We can calculate the autocorrelation of 63858SAA7 returns to help us make a trade decision. For example, suppose you find that 63858SAA7 has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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63858SAA7 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 63858SAA7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 63858SAA7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 63858SAA7 bond over time.
Current vs Lagged Prices |
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63858SAA7 Lagged Returns
When evaluating 63858SAA7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 63858SAA7 bond have on its future price. 63858SAA7 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 63858SAA7 autocorrelation shows the relationship between 63858SAA7 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK OF AMERICA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in 63858SAA7 Bond
63858SAA7 financial ratios help investors to determine whether 63858SAA7 Bond 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 63858SAA7 with respect to the benefits of owning 63858SAA7 security.