Bank of America Corporation shows Risk Adjusted Performance
of 0.1899 and Mean Deviation
of 0.8458. Bank of America technical analysis gives you the methodology to make use of historical prices
and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices
and volume momentum or the prices will eventually revert. We found nineteen technical drivers
for Bank of America Corporation which can be compared to its rivals. Please confirm Bank of America Maximum Drawdown
, Semi Variance
and the relationship
between Jensen Alpha
and Potential Upside
to decide if Bank of America is priced correctly providing market reflects its regular price of 201.76 per share. Use Bank of America Corporation (#US0605051046MX) technical analysis together with your stock portfolios to enhance returns of your portfolios and to determine Stock optimization strategy that fits your criteria.
Use this graph to draw trend lines for Bank of America Corporation. You can use it to identify possible trend reversals for B of A as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual B of A price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
B of A Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bank of America Corporation applied against its price change over selected period. The best fit line has a slop of 1.39 %
which means Bank of America Corporation will continue generating value for investors. It has 32 observation points and regression sum of squers of 1315.19 which is sum of squared deviations of the predicted B of A price change against its avarage change.
B of A has a best fit line with a correlation coefficient of 0.93. and coefficient of determination of 0.86. Note, that the company has price/earnings (p/e) ratio of 310.52.