Bank Of America Stock Price on November 25, 2024
| BOFA Stock | 22.99 0.46 2.04% |
If you're considering investing in Bank Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bank of America stands at 22.99, as last reported on the 23rd of December, with the highest price reaching 23.05 and the lowest price hitting 22.36 during the day. At this point, Bank of America is very steady. Bank of America secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of America, which you can use to evaluate the volatility of the firm. Please confirm Bank of America's Mean Deviation of 1.06, risk adjusted performance of 0.0707, and Downside Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
At present, Bank of America's Common Stock is projected to decrease significantly based on the last few years of reporting. . Bank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = 0.1164
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Bank of America is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bank of America by adding it to a well-diversified portfolio.
Price Book 1.1905 | Book Value 35.371 | Enterprise Value 172.9 B | Price Sales 5.0894 | Shares Float 7.6 B |
Bank of America Valuation on November 25, 2024
It is possible to determine the worth of Bank of America on a given historical date. On November 25, 2024 Bank was worth 24.55 at the beginning of the trading date compared to the closed value of 24.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of America stock. Still, in general, we apply an absolute valuation method to find Bank of America's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bank of America where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank of America's related companies.
| Open | High | Low | Close | Volume | |
| 24.06 | 24.37 | 24.05 | 24.36 | 15,610 | |
11/25/2024 | 24.55 | 24.71 | 24.46 | 24.61 | 15,629 |
| 24.59 | 24.75 | 24.48 | 24.70 | 5,459 |
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Bank of America Trading Date Momentum on November 25, 2024
| On November 26 2024 Bank of America was traded for 24.70 at the closing time. The highest price during the trading period was 24.75 and the lowest recorded bid was listed for 24.48 . The volume for the day was 5.5 K. This history from November 26, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.37% . The overall trading delta to the current price is 1.95% . |
Bank of America Fundamentals Correlations and Trends
By evaluating Bank of America's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bank of America's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank of America Stock history
Bank of America investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bank of America will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bank of America stock prices may prove useful in developing a viable investing in Bank of America
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 7.9 B | 6.6 B | |
| Net Income Applicable To Common Shares | 29.9 B | 27.2 B |
Bank of America Stock Technical Analysis
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.
Price Boundaries
Bank of America Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Bank of America cannot be verified against its exchange. Please verify the symbol is currently traded on NEO Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bank of America December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of America stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of America shares will generate the highest return on investment. By undertsting and applying Bank of America stock market strength indicators, traders can identify Bank of America entry and exit signals to maximize returns
Bank of America Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank of America's price direction in advance. Along with the technical and fundamental analysis of Bank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0707 | |||
| Jensen Alpha | 0.1141 | |||
| Total Risk Alpha | 0.0798 | |||
| Sortino Ratio | 0.0969 | |||
| Treynor Ratio | 0.2376 |
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Complementary Tools for Bank 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.
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