If you would invest
1,244 in BANK OF AMERICA CORP on
April 24, 2013 and sell it today you would
earn a total of 77.00 from holding BANK OF AMERICA CORP or generate
6.19% return on investment over
30 days. BANK OF AMERICA CORP is generating 0.33% of daily returns assuming 1.42% volatility of returns over the 30 days investment horizon. Simply put, 18% of all equities have less volatile historical return distribution than BANK OF AMERICA CORP and 81% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, BANK OF AMERICA CORP is expected to generate 2.49 times more return on investment than the market. However, the company is 2.49 times more volatile than its market benchmark. It trades about 0.23 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.35 per unit of risk.