BAC-PD Probability Of Bankruptcy

Bank Of America Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Bank Of America Probability Of Bankruptcy is determined by interpolating and adjusting BAC-PD Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the BAC-PD balance sheet as well as cash flow and income statements available from the company's most recent filings. Check out Trending Equities.

BAC-PD Probability Of Bankruptcy 

 
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BAC-PD Probability Of Bankruptcy Analysis

Bank Of America's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current Bank Of America Probability Of Bankruptcy

    
  75%  
Most of Bank Of America's fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of Bank Of America probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Bank Of America odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Bank Of America financial health.
Please note, there is a significant difference between Bank Of America's value and its price as these two are different measures arrived at by different means. Investors typically determine Bank Of America value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition
Based on the latest financial disclosure, Bank Of America has a Probability Of Bankruptcy of 75%. This is much higher than that of the Financial Services sector and significantly higher than that of the Probability Of Bankruptcy industry. The probability of bankruptcy for all United States stocks is notably lower than that of the firm.

BAC-PD Probability Of Bankruptcy 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 Probability Of Bankruptcy 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 probability of bankruptcy category among related companies.

BAC-PD Fundamentals

Bank Of America Investors Sentiment

The influence of Bank Of America's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BAC-PD. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - BAC-PD

Bank Of America Investor Sentiment

Most of Macroaxis users are currently bullish on Bank Of America. What is your opinion about investing in Bank Of America? Are you bullish or bearish?
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Bearish
98% Bullish
2% Bearish
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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.

Bank Of America Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Twitter and Omnicom Group. 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
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Check out Trending Equities. Note that the Bank Of America information on this page should be used as a complementary analysis to other Bank Of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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