Asset Comparison and Correlation
|S&P 500 vs Bank of America Corp.|
Assuming 30 trading days horizon, SP 500 is expected to generate 1.65 times less return on investment than B of A. But when comparing it to its historical volatility, S&P 500 is 2.49 times less risky than B of A. It trades about 0.35 of its potential returns per unit of risk. Bank of America Corporation is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 1,244 in Bank of America Corporation on April 24, 2013 and sell it today you would earn a total of 77.00 from holding Bank of America Corporation or generate 6.19% return on investment over 30 days.
Match-ups for SP 500
88% of all equities and portfolios perform better than Bank of America Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Bank of America Corporation are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Match-ups for B of A