Bank of America (Peru) Technical Analysis
| BAC Stock | 47.40 0.55 1.17% |
As of the 26th of November, Bank of America shows the Downside Deviation of 2.33, risk adjusted performance of 0.1254, and Mean Deviation of 1.69. Our technical analysis interface gives you tools to check existing technical drivers of Bank of America, as well as the relationship between them. 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 47.4 per share.
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 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, stock market cycles, or different charting patterns.
Bank of America Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 0.08 , which means Bank of America will continue generating value for investors. It has 122 observation points and a regression sum of squares at 212.89, 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 26, 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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| Risk Adjusted Performance | 0.1254 | |||
| Market Risk Adjusted Performance | 0.3597 | |||
| Mean Deviation | 1.69 | |||
| Semi Deviation | 1.61 | |||
| Downside Deviation | 2.33 | |||
| Coefficient Of Variation | 644.76 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.03 | |||
| Information Ratio | 0.1027 | |||
| Jensen Alpha | 0.2451 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1082 | |||
| Treynor Ratio | 0.3497 | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.36 | |||
| Downside Variance | 5.44 | |||
| Semi Variance | 2.59 | |||
| Expected Short fall | (2.50) | |||
| Skewness | 0.6248 | |||
| Kurtosis | 3.18 |
Additional Information and Resources on Investing in Bank Stock
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: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 bureau of economic analysis. To learn how to invest in Bank Stock, please use our How to Invest in Bank of America guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.