Bank of America Stock Forecast - Price Action Indicator
| BAC Stock | EUR 42.22 0.53 1.27% |
Bank Stock Forecast is based on your current time horizon. 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.
Bank |
| Check Bank of America Volatility | Backtest Bank of America | Information Ratio |
Bank of America Trading Date Momentum
| On November 26 2024 Verizon Communications was traded for 42.22 at the closing time. The highest daily price throughout the period was 42.22 and the lowest price was 41.80 . The daily volume was 620. The net trading volume on 11/26/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.90% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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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 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 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 |
Verizon Communications Technical and Predictive Analytics
The 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 | ||
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Bank of America Market Strength Events
Market strength indicators help investors to evaluate how Bank of America 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 stock market strength indicators, traders can identify Verizon Communications entry and exit signals to maximize returns.
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 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 | 0.9755 | |||
| Semi Deviation | 1.28 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.86 | |||
| Downside Variance | 2.12 | |||
| Semi Variance | 1.63 | |||
| Expected Short fall | (1.10) |
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.
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Additional Information and Resources on Investing in Bank Stock
When determining whether Verizon Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Verizon Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Verizon Communications Stock:Check out Historical Fundamental Analysis of Bank of America to cross-verify your projections. For more detail on how to invest in Bank Stock please use our How to Invest in Bank of America guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.