Bank of America Correlations

Preferred Stocks . USA . 
Preferred Stock . Bank of America
BAC-PL Preferred Stock  USD 1,262  1.01  0.08%   
The current 90-days correlation between Bank of America and Bank of America is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bank of America Correlation With Market

Weak diversification

The correlation between Bank of America and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of America and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.

Moving together with Bank Preferred Stock

  0.74BML-PH Bank of America Earnings Call This WeekPairCorr
  0.61BML-PL Bank of America Earnings Call This WeekPairCorr
  0.87BAC-PE Bank of America Earnings Call This WeekPairCorr
  0.97WFC-PL Wells Fargo Earnings Call This WeekPairCorr
  0.85WFCNP Wells Fargo Earnings Call This WeekPairCorr
  0.63KIM-PN Kimco RealtyPairCorr
  0.86ELF ELF BeautyPairCorr
  0.85BOKF BOK FinancialPairCorr
  0.77ORLY OReilly AutomotivePairCorr
  0.7HULK Stan Lee MediaPairCorr
  0.75SHOP ShopifyPairCorr
  0.78FSNUF Fresenius SEPairCorr
  0.93NRGV Energy Vault HoldingsPairCorr
  0.83ANET Arista NetworksPairCorr
  0.75BRK-B Berkshire HathawayPairCorr
  0.78BRK-A Berkshire HathawayPairCorr
  0.63BLK BlackRock Earnings Call This WeekPairCorr
  0.85FCFS FirstCashPairCorr
  0.78CBFV CB Financial ServicesPairCorr
  0.85AIAGY Aurubis AG ADRPairCorr
  0.88AAPL Apple Inc Sell-off TrendPairCorr
  0.73ANRO Alto Neuroscience, TrendingPairCorr
  0.95RZB Reinsurance GroupPairCorr

Moving against Bank Preferred Stock

  0.49LPBBU Launch Two AcquisitionPairCorr
  0.38DECAU Denali Capital AcquiPairCorr
  0.6140434LAC9 40434LAC9PairCorr
  0.4KODK Eastman KodakPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Bank Preferred Stock performing well and Bank of America Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bank of America's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of America without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Optimizer Now

   

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
All  Next Launch Module

Bank of America Corporate Management

Rudolf BlessChief OfficerProfile
Aditya BhasinChief OfficerProfile
Brian MoynihanChairman CEOProfile
Paul DonofrioVice ChairmanProfile
Alastair BorthwickChief OfficerProfile
Darrin BolandChief OfficerProfile
James DeMareEx MarketsProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY