Byline Bancorp Stock Market Value
| BY Stock | USD 23.28 0.48 2.11% |
| Symbol | Byline |
Byline Bancorp Price To Book Ratio
Is Byline Bancorp'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 Byline Bancorp. If investors know Byline 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 Byline Bancorp 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 0.094 | Dividend Share 0.36 | Earnings Share 2.73 | Revenue Per Share 8.809 | Quarterly Revenue Growth 0.165 |
The market value of Byline Bancorp is measured differently than its book value, which is the value of Byline that is recorded on the company's balance sheet. Investors also form their own opinion of Byline Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Byline Bancorp'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 Byline Bancorp's market value can be influenced by many factors that don't directly affect Byline Bancorp'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 Byline Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Byline Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byline Bancorp'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.
Byline Bancorp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Byline Bancorp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Byline Bancorp.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Byline Bancorp on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Byline Bancorp or generate 0.0% return on investment in Byline Bancorp over 30 days. Byline Bancorp is related to or competes with Finward Bancorp, Northfield Bancorp, LINKBANCORP, FNB, Mifflinburg Bancorp, Commercial National, and Apollo Bancorp. Byline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides various banking products and ser... More
Byline Bancorp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Byline Bancorp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Byline Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0221 | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.28 |
Byline Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Byline Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byline Bancorp's standard deviation. In reality, there are many statistical measures that can use Byline Bancorp historical prices to predict the future Byline Bancorp's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | 0.0791 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Byline Bancorp'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.
Byline Bancorp Backtested Returns
Byline Bancorp appears to be very steady, given 3 months investment horizon. Byline Bancorp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Byline Bancorp, which you can use to evaluate the volatility of the firm. Please makes use of Byline Bancorp's Risk Adjusted Performance of 0.0489, downside deviation of 1.66, and Mean Deviation of 1.28 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Byline Bancorp holds a performance score of 9. The firm shows a Beta (market volatility) of 1.37, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Byline Bancorp will likely underperform. Please check Byline Bancorp's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Byline Bancorp's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Byline Bancorp has very weak reverse predictability. Overlapping area represents the amount of predictability between Byline Bancorp time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Byline Bancorp price movement. The serial correlation of -0.01 indicates that just 1.0% of current Byline Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Byline Bancorp lagged returns against current returns
Autocorrelation, which is Byline Bancorp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Byline Bancorp's stock expected returns. We can calculate the autocorrelation of Byline Bancorp returns to help us make a trade decision. For example, suppose you find that Byline Bancorp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Byline Bancorp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Byline Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byline Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byline Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Byline Bancorp Lagged Returns
When evaluating Byline Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byline Bancorp stock have on its future price. Byline Bancorp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Byline Bancorp autocorrelation shows the relationship between Byline Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Byline Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Byline Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Byline Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Byline Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Byline Stock
| 0.85 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.62 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
Moving against Byline Stock
| 0.51 | ECBK | ECB Bancorp | PairCorr |
The ability to find closely correlated positions to Byline Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byline Bancorp 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 Byline Bancorp - 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 Byline Bancorp to buy it.
The correlation of Byline Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Byline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byline Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Byline Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Byline Bancorp Correlation, Byline Bancorp Volatility and Byline Bancorp Alpha and Beta module to complement your research on Byline Bancorp. For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Byline Stock analysis
When running Byline Bancorp's price analysis, check to measure Byline Bancorp'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 Byline Bancorp is operating at the current time. Most of Byline Bancorp's value examination focuses on studying past and present price action to predict the probability of Byline Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byline Bancorp's price. Additionally, you may evaluate how the addition of Byline Bancorp to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |
Byline Bancorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.