BAC-PD Fundamentals

Stocks USA . 
Stock . BANK OF AMERICA
BANK OF AMERICA fundamentals help investors to digest information that contributes to BANK OF AMERICA's financial success or failures. It also enables traders to predict the movement of BAC-PD Stock. The fundamental analysis module provides a way to measure BANK OF AMERICA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BANK OF AMERICA stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

BAC-PD Beta Analysis

BANK OF AMERICA's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current BANK OF AMERICA Beta

    
  0.05  
Most of BANK OF AMERICA's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BANK OF AMERICA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition
In accordance with the recently published financial statements, BANK OF AMERICA has a Beta of 0.05. This is much higher than that of the Financial Services sector and significantly higher than that of the Beta industry. The beta for all United States stocks is notably lower than that of the firm.

BANK OF AMERICA Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining BANK OF AMERICA's current stock value. Our valuation model uses many indicators to compare BANK OF AMERICA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BANK OF AMERICA competition to find correlations between indicators driving BANK OF AMERICA's intrinsic value. More Info.
BANK OF AMERICA is number one stock in return on equity category among related companies. It is number one stock in market capitalization category among related companies creating about  41,807,017,544  of Market Capitalization per Return On Equity. . Comparative valuation analysis is a catch-all model that can be used if you cannot value BANK OF AMERICA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BANK OF AMERICA's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the BANK OF AMERICA's earnings, one of the primary drivers of an investment's value.

BAC-PD Earnings Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BANK OF AMERICA's direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BANK OF AMERICA could also be used in its relative valuation, which is a method of valuing BANK OF AMERICA by comparing valuation metrics of similar companies.
BANK OF AMERICA is currently under evaluation in earnings per share category among related companies.

BAC-PD Fundamentals

Return On Equity7.41 %
Return On Asset0.87 %
Profit Margin23.35 %
Operating Margin35.51 %
Current Valuation182.58 B
Shares Outstanding9.88 B
Number of Shares Shorted308.91 K
Price to Earning14.76 X
Price to Book1.07 X
Price to Sales3.65 X
Revenue84.83 B
Gross Profit83.96 B
Net Income18.27 B
Cash and Equivalents579.08 B
Cash per Share57.11 X
Total Debt502.81 B
Book Value Per Share23.74 X
Cash Flow from Operations63.75 B
Short Ratio4.13 X
Earnings Per Share1.72 X
Number of Employees208 K
Beta0.05
Market Capitalization309.79 B
Five Year Return6.13 %
Last Dividend Paid1.55
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BANK OF AMERICA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BANK OF AMERICA's short interest history, or implied volatility extrapolated from BANK OF AMERICA options trading.

Pair Trading with BANK OF AMERICA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BANK OF AMERICA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BANK OF AMERICA will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Other Tools for BAC-PD Stock

When running BANK OF AMERICA 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 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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