Bank of America Preferred Stock Forecast - 8 Period Moving Average
| BML-PL Preferred Stock | USD 22.49 0.01 0.04% |
The 8 Period Moving Average forecasted value of Bank of America on the next trading day is expected to be 22.34 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 10.23. Bank Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bank of America stock prices and determine the direction of Bank of America's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bank of America's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Bank of America to cross-verify your projections. Bank |
Most investors in Bank of America cannot accurately predict what will happen the next trading day because, historically, preferred stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bank of America's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bank of America's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Bank of America is based on an artificially constructed time series of Bank of America daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Bank of America 8 Period Moving Average Price Forecast For the 18th of May 2024
Given 90 days horizon, the 8 Period Moving Average forecasted value of Bank of America on the next trading day is expected to be 22.34 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.23.Please note that although there have been many attempts to predict Bank Preferred Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bank of America's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bank of America Preferred Stock Forecast Pattern
| Backtest Bank of America | Bank of America Price Prediction | Buy or Sell Advice |
Bank of America Forecasted Value
In the context of forecasting Bank of America's Preferred Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Bank of America's downside and upside margins for the forecasting period are 21.74 and 22.93, respectively. We have considered Bank of America's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bank of America preferred stock data series using in forecasting. Note that when a statistical model is used to represent Bank of America preferred stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 102.2699 |
| Bias | Arithmetic mean of the errors | -0.064 |
| MAD | Mean absolute deviation | 0.1895 |
| MAPE | Mean absolute percentage error | 0.0086 |
| SAE | Sum of the absolute errors | 10.2313 |
Predictive Modules for Bank of America
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of America. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of America's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Bank of America
For every potential investor in Bank, whether a beginner or expert, Bank of America's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bank Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bank. Basic forecasting techniques help filter out the noise by identifying Bank of America's price trends.Bank of America Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bank of America preferred stock to make a market-neutral strategy. 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 with similar companies.
| Risk & Return | Correlation |
Bank of America Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bank of America's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bank of America's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bank of America Market Strength Events
Market strength indicators help investors to evaluate how Bank of America preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of America shares will generate the highest return on investment. By undertsting and applying Bank of America preferred stock market strength indicators, traders can identify Bank of America entry and exit signals to maximize returns.
| Accumulation Distribution | 20.65 | |||
| Daily Balance Of Power | 0.1111 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 22.48 | |||
| Day Typical Price | 22.48 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.01 |
Bank of America Risk Indicators
The analysis of Bank of America's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bank of America's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bank preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.4718 | |||
| Semi Deviation | 0.5987 | |||
| Standard Deviation | 0.6125 | |||
| Variance | 0.3752 | |||
| Downside Variance | 0.4122 | |||
| Semi Variance | 0.3585 | |||
| Expected Short fall | (0.48) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Bank of America using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Historical Fundamental Analysis of Bank of America to cross-verify your projections. For more information on how to buy Bank Preferred Stock please use our How to buy in Bank Preferred Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Bank Preferred 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.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |