BANK OF AMERICA Market Value
| 06051GJP5 | 84.29 3.46 3.94% |
| Symbol | 06051GJP5 |
06051GJP5 '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 06051GJP5'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 06051GJP5.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in 06051GJP5 on December 15, 2022 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 06051GJP5 over 720 days. 06051GJP5 is related to or competes with Transocean, Sun Country, Stepan, Coty, Lindblad Expeditions, Nabors Industries, and Awilco Drilling. More
06051GJP5 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 06051GJP5'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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.774 |
06051GJP5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06051GJP5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06051GJP5's standard deviation. In reality, there are many statistical measures that can use 06051GJP5 historical prices to predict the future 06051GJP5's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.45) |
BANK OF AMERICA Backtested Returns
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 Variance of 2.04, information ratio of (0.12), and Mean Deviation of 0.5924 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 06051GJP5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 06051GJP5 is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
BANK OF AMERICA has weak reverse predictability. Overlapping area represents the amount of predictability between 06051GJP5 time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 -0.29 indicates that nearly 29.0% of current 06051GJP5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 3.91 |
BANK OF AMERICA lagged returns against current returns
Autocorrelation, which is 06051GJP5 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 06051GJP5's bond expected returns. We can calculate the autocorrelation of 06051GJP5 returns to help us make a trade decision. For example, suppose you find that 06051GJP5 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 |
| Timeline |
06051GJP5 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 06051GJP5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06051GJP5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06051GJP5 bond over time.
Current vs Lagged Prices |
| Timeline |
06051GJP5 Lagged Returns
When evaluating 06051GJP5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06051GJP5 bond have on its future price. 06051GJP5 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, 06051GJP5 autocorrelation shows the relationship between 06051GJP5 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 |
| Timeline |
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 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.