BANK OF AMERICA Price on July 6, 2023
06051GJP5 | 84.29 3.46 3.94% |
If you're considering investing in 06051GJP5 Bond, it is important to understand the factors that can impact its price. As of today, the current price of 06051GJP5 stands at 84.29, as last reported on the 4th of December, with the highest price reaching 84.29 and the lowest price hitting 84.29 during the day. BANK OF AMERICA secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the bond had a -0.18% return per unit of price deviation over the last 3 months. BANK OF AMERICA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 06051GJP5's Information Ratio of (0.12), mean deviation of 0.5915, and Variance of 2.06 to double-check the risk estimate we provide.
06051GJP5 Bond price history is provided at the adjusted basis, taking into account all of the recent filings.
06051GJP5 |
Sharpe Ratio = -0.1839
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Estimated Market Risk
0.78 actual daily | 6 94% of assets are more volatile |
Expected Return
-0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 06051GJP5 is not performing at its full potential. However, 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 06051GJP5 by adding 06051GJP5 to a well-diversified portfolio.
06051GJP5 Valuation on July 6, 2023
It is possible to determine the worth of 06051GJP5 on a given historical date. On July 6, 2023 06051GJP5 was worth 81.44 at the beginning of the trading date compared to the closed value of 81.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 06051GJP5 bond. Still, in general, we apply an absolute valuation method to find 06051GJP5'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 06051GJP5 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 06051GJP5's related companies.
Open | High | Low | Close | Volume | |
82.35 | 82.35 | 82.35 | 82.35 | 300,000 | |
07/06/2023 | 81.44 | 81.44 | 81.44 | 81.44 | 153,000 |
81.18 | 81.18 | 81.18 | 81.18 | 29,000 |
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06051GJP5 Trading Date Momentum on July 6, 2023
On July 07 2023 BANK OF AMERICA was traded for 81.18 at the closing time. The highest price during the trading period was 81.18 and the lowest recorded bid was listed for 81.18 . The volume for the day was 29 K. This history from July 7, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 0.32% . The overall trading delta to the current price is 1.56% . |
About 06051GJP5 Bond history
06051GJP5 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 06051GJP5 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 06051GJP5 stock prices may prove useful in developing a viable investing in 06051GJP5
06051GJP5 Bond Technical Analysis
06051GJP5 technical bond 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, bond market cycles, or different charting patterns.
Price Boundaries
06051GJP5 Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
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06051GJP5 December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how 06051GJP5 bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 06051GJP5 shares will generate the highest return on investment. By undertsting and applying 06051GJP5 bond market strength indicators, traders can identify BANK OF AMERICA entry and exit signals to maximize returns
06051GJP5 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 06051GJP5's price direction in advance. Along with the technical and fundamental analysis of 06051GJP5 Bond historical price patterns, it is also worthwhile for investors to track various predictive indicators of 06051GJP5 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 | (0.03) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.27) | |||
Treynor Ratio | 1.36 |
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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.