B of A Stock Performance

BAC
 Stock
  

USD 37.00  0.14  0.38%   

B of A has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.1866, which signifies a somewhat significant risk relative to the market. Let's try to break down what B of A's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, B of A will likely underperform. Although it is important to respect Bank Of America historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Bank Of America technical indicators, you can presently evaluate if the expected return of 0.18% will be sustainable into the future. Bank Of America right now shows a risk of 2.07%. Please confirm Bank Of America jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside to decide if Bank Of America will be following its price patterns.
  
B of A Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Bank Of America are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat inconsistent basic indicators, B of A may actually be approaching a critical reversion point that can send shares even higher in December 2022. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0233
Payout Ratio
0.27
Last Split Factor
2:1
Forward Annual Dividend Rate
0.88
Dividend Date
2022-12-30
Ex Dividend Date
2022-12-01

B of A Price Channel

Fifty Two Week Low29.31
Target High Price55.00
Fifty Two Week High50.11
Payout Ratio26.90%
Trailing Annual Dividend Yield2.31%
Target Low Price32.00

B of A Relative Risk vs. Return Landscape

If you would invest  3,339  in Bank Of America on August 31, 2022 and sell it today you would earn a total of  361.00  from holding Bank Of America or generate 10.81% return on investment over 90 days. Bank Of America is generating 0.1838% of daily returns assuming volatility of 2.0657% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than B of A, and above 97% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon B of A is expected to generate 1.49 times more return on investment than the market. However, the company is 1.49 times more volatile than its market benchmark. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of risk.

B of A Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for B of A'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 B of A'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 = 0.089

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Estimated Market Risk
 2.07
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.18
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.09
  actual daily
 
 6 %
of total potential
 
66
Based on monthly moving average B of A is performing at about 6% 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 B of A by adding it to a well-diversified portfolio.

About B of A 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 B of A 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 B of A 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 B of A'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 2022
Effect of Exchange Rate Changes on Cash-3.4 B-3.5 B
Return on Average Assets 1.07  1.15 
Return on Average Equity 11.78  12.71 
Return on Invested Capital 0.012  0.0119 
Return on Sales 0.38  0.33 

Things to note about Bank Of America

Checking the ongoing alerts about B of A 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.

B of A Alerts

Equity Alerts and Improvement Suggestions

Bank Of America has a poor financial position based on the latest SEC disclosures
About 71.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: BofA Indicator Is Closest to Saying Buy US Stocks Since 2017 - Bloomberg
Continue to Trending Equities. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Bank Of America price analysis, check to measure B of A'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 B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of B of A. If investors know B of A will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about B of A listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.047) 
Market Capitalization
302.4 B
Quarterly Revenue Growth YOY
0.009
Return On Assets
0.0089
Return On Equity
0.1
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because B of A's market value can be influenced by many factors that don't directly affect B of A's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A'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.