Bank Of America Preferred Stock Technical Analysis
| BAC-PS Preferred Stock | 21.17 0.07 0.33% |
As of the 24th of November, Bank of America shows the Risk Adjusted Performance of 0.0034, mean deviation of 0.6212, and Downside Deviation of 0.9233. Bank of America technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bank of America maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if Bank of America is priced correctly, providing market reflects its regular price of 21.17 per share. Given that Bank of America has jensen alpha of (0.01), we suggest you to validate Bank of America's prevailing market performance to make sure the company can sustain itself at a future point.
Bank of America Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bank, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BankBank |
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.
Bank of America Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bank of America volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bank of America Trend Analysis
Use this graph to draw trend lines for Bank of America. You can use it to identify possible trend reversals for Bank of America as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bank of America price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bank of America Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bank of America applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Bank of America market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.14, which is the sum of squared deviations for the predicted Bank of America price change compared to its average price change.About Bank of America Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bank of America on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bank of America based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bank of America price pattern first instead of the macroeconomic environment surrounding Bank of America. By analyzing Bank of America's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bank of America's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bank of America specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bank of America November 24, 2024 Technical Indicators
Most technical analysis of Bank help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bank from various momentum indicators to cycle indicators. When you analyze Bank charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0034 | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 0.6212 | |||
| Semi Deviation | 0.8462 | |||
| Downside Deviation | 0.9233 | |||
| Coefficient Of Variation | 25418.12 | |||
| Standard Deviation | 0.7973 | |||
| Variance | 0.6357 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 4.1 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.04 | |||
| Downside Variance | 0.8525 | |||
| Semi Variance | 0.7161 | |||
| Expected Short fall | (0.62) | |||
| Skewness | (0.38) | |||
| Kurtosis | 0.2306 |
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.