Bank Of America Preferred Stock Price on May 10, 2024
| BML-PG Preferred Stock | USD 22.88 0.20 0.88% |
If you're considering investing in Bank Preferred 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 22.88, as last reported on the 5th of June, with the highest price reaching 22.88 and the lowest price hitting 22.88 during the day. We consider Bank of America very steady. Bank of America secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bank of America, which you can use to evaluate the volatility of the firm. Please confirm Bank of America's Risk Adjusted Performance of 0.1324, mean deviation of 0.441, and Downside Deviation of 0.5986 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
Bank Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = 0.1798
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Estimated Market Risk
| 0.61 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Bank of America is performing at about 14% 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.
Bank of America Valuation on May 10, 2024
It is possible to determine the worth of Bank of America on a given historical date. On May 10, 2024 Bank was worth 22.79 at the beginning of the trading date compared to the closed value of 22.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of America preferred 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 | |
| 22.76 | 22.76 | 22.28 | 22.28 | 7,794 | |
05/10/2024 | 22.79 | 22.94 | 22.54 | 22.54 | 3,017 |
| 22.70 | 22.95 | 22.55 | 22.55 | 11,210 |
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Bank of America Trading Date Momentum on May 10, 2024
| On May 13 2024 Bank of America was traded for 22.55 at the closing time. The maximum traded price for the trading interval was 22.95 and the lowest daily price was 22.55 . The daily volume was recorded at 11.2 K. The volume of trading on 13th of May 2024 played a part in the next trading day price rise. The overall trading delta to the next closing price was 0.04% . The overall trading delta to the closing price today is 0.27% . |
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 Preferred 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
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company was founded in 1784 and is headquartered in Charlotte, North Carolina. Bank Of America operates under BanksDiversified classification in the United States and is traded on NYQ Exchange. It employs 211000 people.
Bank of America Preferred Stock Technical Analysis
Bank of America technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
Bank of America Period Price Range
Low | May 10, 2024
| High |
22.79 | 22.54 |
Bank of America June 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of America preferred 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 preferred 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 Preferred 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 | 0.1324 | |||
| Jensen Alpha | 0.1152 | |||
| Total Risk Alpha | 0.1091 | |||
| Sortino Ratio | 0.1816 | |||
| Treynor Ratio | 0.375 |
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Complementary Tools for Bank Preferred 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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