B of A Backtesting

BAC -- USA Stock  

Earnings Call : This Week

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Bank Of America Corporation and determine expected loss or profit from investing in B of A over given investment horizon. Check also B of A Hype Analysis, B of A Correlation, B of A Valuation, B of A Volatility as well as analyze B of A Alpha and Beta and B of A Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

B of A 'What if' Analysis

July 15, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 13, 2019
0.00
If you would invest  0.00  in B of A on July 15, 2019 and sell it all today you would earn a total of 0.00 from holding Bank Of America Corporation or generate 0.0% return on investment in B of A over 90 days. B of A is related to or competes with Citigroup, Canadian Imperial, Credit Suisse, East West, Barclays PLC, and Bank Of Montreal. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individu...

B of A Upside/Downside Indicators

Downside Deviation1.88
Information Ratio0.0066
Maximum Drawdown6.99
Value At Risk(2.65)
Potential Upside2.51

B of A Market Premium Indicators

Risk Adjusted Performance0.0048
Jensen Alpha0.0202
Total Risk Alpha0.027
Sortino Ratio0.006
Treynor Ratio(0.006449)

Bank Of America Backtested Returns

We consider B of A not too volatile. Bank Of America secures Sharpe Ratio (or Efficiency) of 0.0048 which signifies that the organization had 0.0048% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bank Of America Corporation which you can use to evaluate future volatility of the firm. Please confirm Bank Of America Mean Deviation of 1.35, Downside Deviation of 1.88 and Risk Adjusted Performance of 0.0048 to double-check if risk estimate we provide are consistent with the epected return of 0.0083%. The firm shows Beta (market volatility) of 1.4315 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, B of A will likely underperform. Although it is extremely important to respect Bank Of America historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Bank Of America technical indicators you can presently evaluate if the expected return of 0.0083% will be sustainable into the future. Bank Of America right now shows a risk of 1.721%. Please confirm Bank Of America Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Bank Of America will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.36 
correlation synergy

Below average predictability

Bank Of America Corporation has below average predictability. Overlapping area represents the amount of predictability between B of A time series from July 15, 2019 to August 29, 2019 and August 29, 2019 to October 13, 2019. 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 0.36 indicates that just about 36.0% of current B of A price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test-0.09
Residual Average0.0
Price Variance0.87

Bank Of America lagged returns against current returns

 Current and Lagged Values 
      Timeline 

B of A regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

B of A Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BAC

Bank Of America Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Bank Of America Corporation. What is your opinion about investing in Bank Of America Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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B of A Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for B of A and Citigroup. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also B of A Hype Analysis, B of A Correlation, B of A Valuation, B of A Volatility as well as analyze B of A Alpha and Beta and B of A Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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