Bank of America (Brazil) Probability of Future Stock Price Finishing Under 33.56
| BOAC34 Stock | BRL 71.06 0.25 0.35% |
Bank |
Bank of America Target Price Odds to finish below 33.56
The tendency of Bank Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to R$ 33.56 or more in 90 days |
| 71.06 | 90 days | 33.56 | near 1 |
Based on a normal probability distribution, the odds of Bank of America to drop to R$ 33.56 or more in 90 days from now is near 1 (This Bank of America probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) . Probability of Bank of America price to stay between R$ 33.56 and its current price of R$71.06 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon Bank of America has a beta of -0.17 suggesting as returns on the benchmark increase, returns on holding Bank of America are expected to decrease at a much lower rate. During a bear market, however, Bank of America is likely to outperform the market. Additionally Bank of America has an alpha of 0.363, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bank of America Price Density |
| Price |
Predictive Modules for Bank of America
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of America. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Bank of America Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bank of America is not an exception. The market had few large corrections towards the Bank of America's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bank of America, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bank of America within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 5.76 | |
Ir | Information ratio | 0.14 |
Bank of America Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bank of America for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bank of America can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61. |
Bank of America Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bank Stock often depends not only on the future outlook of the current and potential Bank of America's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bank of America's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8 B |
Bank of America Technical Analysis
Bank of America's future price can be derived by breaking down and analyzing its technical indicators over time. Bank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bank of America. In general, you should focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environments and drivers.
Bank of America Predictive Forecast Models
Bank of America's time-series forecasting models is one of many Bank of America's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bank of America's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Bank of America
Checking the ongoing alerts about Bank of America for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bank of America help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61. |
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 Bank of America Backtesting, Bank of America Valuation, Bank of America Correlation, Bank of America Hype Analysis, Bank of America Volatility, Bank of America History as well as Bank of America Performance. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.