Bank Of America Stock Performance

BAC Stock  USD 39.99  0.48  1.21%   
Bank of America has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bank of America will likely underperform. Bank of America right now shows a risk of 1.3%. Please confirm Bank of America maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Bank of America will be following its price patterns.

Risk-Adjusted Performance

8 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Bank of America are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Bank of America may actually be approaching a critical reversion point that can send shares even higher in July 2024. ...more

Actual Historical Performance (%)

Five Day Return
2.28
Year To Date Return
17.96
Ten Year Return
158.83
All Time Return
1.2 K
Forward Dividend Yield
0.024
Payout Ratio
0.3345
Last Split Factor
2:1
Forward Dividend Rate
0.96
Dividend Date
2024-06-28
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Begin Period Cash Flow230.2 B
  

Bank of America Relative Risk vs. Return Landscape

If you would invest  3,664  in Bank of America on March 23, 2024 and sell it today you would earn a total of  335.00  from holding Bank of America or generate 9.14% return on investment over 90 days. Bank of America is generating 0.1495% of daily returns assuming volatility of 1.2989% on return distribution over 90 days investment horizon. In other words, 11% of stocks are less volatile than Bank, and above 98% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Bank of America is expected to generate 1.96 times more return on investment than the market. However, the company is 1.96 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.01 per unit of risk.

Bank of America Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of America's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bank of America, and traders can use it to determine the average amount a Bank of America's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1151

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Estimated Market Risk

 1.3
  actual daily
11
89% of assets are more volatile

Expected Return

 0.15
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
8
92% of assets perform better
Based on monthly moving average Bank of America is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bank of America by adding it to a well-diversified portfolio.

Bank of America Fundamentals Growth

Bank Stock prices reflect investors' perceptions of the future prospects and financial health of Bank of America, and Bank of America fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bank Stock performance.

About Bank of America Performance

To evaluate Bank of America Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bank of America generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bank Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bank of America market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bank's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand-5.7 K-6 K
Return On Tangible Assets 0.01  0.01 
Return On Capital Employed 0.01  0.01 
Return On Assets 0.01  0.01 
Return On Equity 0.09  0.12 

Things to note about Bank of America performance evaluation

Checking the ongoing alerts about Bank of America for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bank of America help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
About 60.0% of the company shares are held by institutions such as insurance companies
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Evaluating Bank of America's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Bank of America's stock performance include:
  • Analyzing Bank of America's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bank of America's stock is overvalued or undervalued compared to its peers.
  • Examining Bank of America's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Bank of America's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bank of America's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Bank of America's stock. These opinions can provide insight into Bank of America's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Bank of America's stock performance is not an exact science, and many factors can impact Bank of America's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Complementary Tools for Bank Stock analysis

When running Bank of America's 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 the 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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