BANK OF AMERICA Probability of Future Bond Price Finishing Under 82.35

06051GJP5   84.29  3.46  3.94%   
06051GJP5's future price is the expected price of 06051GJP5 instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of BANK OF AMERICA performance during a given time horizon utilizing its historical volatility. Check out 06051GJP5 Backtesting, Portfolio Optimization, 06051GJP5 Correlation, 06051GJP5 Hype Analysis, 06051GJP5 Volatility, 06051GJP5 History as well as 06051GJP5 Performance.
  
Please specify 06051GJP5's target price for which you would like 06051GJP5 odds to be computed.

06051GJP5 Target Price Odds to finish below 82.35

The tendency of 06051GJP5 Bond 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 PriceHorizonTarget PriceOdds to drop to  82.35  or more in 90 days
 84.29 90 days 82.35 
near 1
Based on a normal probability distribution, the odds of 06051GJP5 to drop to  82.35  or more in 90 days from now is near 1 (This BANK OF AMERICA probability density function shows the probability of 06051GJP5 Bond to fall within a particular range of prices over 90 days) . Probability of BANK OF AMERICA price to stay between  82.35  and its current price of 84.29 at the end of the 90-day period is nearly 4.97 .
Assuming the 90 days trading horizon BANK OF AMERICA has a beta of -0.0529. This usually implies as returns on the benchmark increase, returns on holding 06051GJP5 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   06051GJP5 Price Density   
       Price  

Predictive Modules for 06051GJP5

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 bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.
Hype
Prediction
LowEstimatedHigh
83.5184.2985.07
Details
Intrinsic
Valuation
LowRealHigh
83.3684.1484.92
Details
Naive
Forecast
LowNextHigh
80.8581.6382.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
81.6784.4287.16
Details

06051GJP5 Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. 06051GJP5 is not an exception. The market had few large corrections towards the 06051GJP5'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 06051GJP5 within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.07
β
Beta against Dow Jones-0.05
σ
Overall volatility
2.00
Ir
Information ratio -0.12

06051GJP5 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 06051GJP5 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 generated a negative expected return over the last 90 days

06051GJP5 Technical Analysis

06051GJP5's future price can be derived by breaking down and analyzing its technical indicators over time. 06051GJP5 Bond 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 06051GJP5 Bond price patterns and their correlations with different microeconomic environments and drivers.

06051GJP5 Predictive Forecast Models

06051GJP5's time-series forecasting models is one of many 06051GJP5's bond 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 06051GJP5'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 bond market movement and maximize returns from investment trading.

Things to note about BANK OF AMERICA

Checking the ongoing alerts about 06051GJP5 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 generated a negative expected return over the last 90 days

Other Information on Investing in 06051GJP5 Bond

06051GJP5 financial ratios help investors to determine whether 06051GJP5 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 06051GJP5 with respect to the benefits of owning 06051GJP5 security.