BANK OF AMERICA Market Value
| 06051GHU6 | 91.87 2.78 3.12% |
| Symbol | 06051GHU6 |
06051GHU6 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 06051GHU6's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 06051GHU6.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in 06051GHU6 on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding BANK OF AMERICA or generate 0.0% return on investment in 06051GHU6 over 30 days. 06051GHU6 is related to or competes with 00108WAF7, 90331HPL1, Jackson Financial, MetLife, Brera Holdings, Fortinet, and Cisco Systems. More
06051GHU6 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 06051GHU6's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BANK OF AMERICA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.51 |
06051GHU6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06051GHU6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06051GHU6's standard deviation. In reality, there are many statistical measures that can use 06051GHU6 historical prices to predict the future 06051GHU6's volatility.| Risk Adjusted Performance | 0.0201 | |||
| Jensen Alpha | 0.0628 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.10) |
BANK OF AMERICA Backtested Returns
BANK OF AMERICA secures Sharpe Ratio (or Efficiency) of -0.0699, which signifies that the bond had a -0.0699% return per unit of price deviation over the last 3 months. BANK OF AMERICA exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 06051GHU6's Mean Deviation of 1.07, standard deviation of 2.35, and Coefficient Of Variation of 5717.63 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 06051GHU6 are expected to decrease at a much lower rate. During the bear market, 06051GHU6 is likely to outperform the market.
Auto-correlation | -0.35 |
Poor reverse predictability
BANK OF AMERICA has poor reverse predictability. Overlapping area represents the amount of predictability between 06051GHU6 time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BANK OF AMERICA price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current 06051GHU6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
BANK OF AMERICA lagged returns against current returns
Autocorrelation, which is 06051GHU6 bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 06051GHU6's bond expected returns. We can calculate the autocorrelation of 06051GHU6 returns to help us make a trade decision. For example, suppose you find that 06051GHU6 has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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06051GHU6 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 06051GHU6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06051GHU6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06051GHU6 bond over time.
Current vs Lagged Prices |
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06051GHU6 Lagged Returns
When evaluating 06051GHU6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06051GHU6 bond have on its future price. 06051GHU6 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 06051GHU6 autocorrelation shows the relationship between 06051GHU6 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK OF AMERICA.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 06051GHU6 Bond
06051GHU6 financial ratios help investors to determine whether 06051GHU6 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 06051GHU6 with respect to the benefits of owning 06051GHU6 security.