12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-19), Bank of America's 12-1 Month Momentum % is 19.86%.
The industry rank for Bank of America's 12-1 Month Momentum % or its related term are showing as below:
BAC's 12-1 Month Momentum % is ranked better than 65.4% of 1552
companies
in the Banks industry
Industry Median: 7.965
vs BAC: 19.86
Competitive Comparison
For the Banks - Diversified subindustry, Bank of America's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of America 12-1 Month Momentum % Distribution
For the Banks industry and Financial Services sector, Bank of America's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Bank of America's 12-1 Month Momentum % falls into.
Bank of America (NYSE:BAC) 12-1 Month Momentum % Calculation
12-1 Month Momentum % is calculated as following:
12-1 Month Momentum %
=
( Price 1-month ago
/
Price 12-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of America (NYSE:BAC) 12-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Bank of America 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Bank of America's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bank of America (Bank of America) Business Description
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.
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