Byline Bancorp Stock Market Value

BY Stock  USD 21.61  1.15  5.62%   
Byline Bancorp's market value is the price at which a share of Byline Bancorp trades on a public exchange. It measures the collective expectations of Byline Bancorp investors about its performance. Byline Bancorp is trading at 21.61 as of the 28th of March 2024; that is 5.62 percent up since the beginning of the trading day. The stock's open price was 20.46.
With this module, you can estimate the performance of a buy and hold strategy of Byline Bancorp and determine expected loss or profit from investing in Byline Bancorp over a given investment horizon. 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.
Symbol

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
0.13
Dividend Share
0.36
Earnings Share
2.67
Revenue Per Share
8.822
Quarterly Revenue Growth
0.164
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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Byline Bancorp on February 27, 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 Merchants Bancorp, Axos Financial, Regions Financial, Regions Financial, and Regions Financial. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
19.9721.6023.23
Details
Intrinsic
Valuation
LowRealHigh
21.6023.2324.86
Details
Naive
Forecast
LowNextHigh
19.7721.4023.03
Details
5 Analysts
Consensus
LowTargetHigh
22.5724.8027.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Byline Bancorp. Your research has to be compared to or analyzed against Byline Bancorp's peers to derive any actionable benefits. When done correctly, Byline Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Byline Bancorp.

Byline Bancorp Backtested Returns

Byline Bancorp secures Sharpe Ratio (or Efficiency) of -0.0746, which signifies that the company had a -0.0746% return per unit of risk over the last 3 months. Byline Bancorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Byline Bancorp's Mean Deviation of 1.15, risk adjusted performance of (0.04), and Standard Deviation of 1.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.5, 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. Byline Bancorp has an expected return of -0.12%. Please make sure to confirm Byline Bancorp value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Byline Bancorp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.46  

Average predictability

Byline Bancorp has average predictability. Overlapping area represents the amount of predictability between Byline Bancorp time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.46 indicates that about 46.0% of current Byline Bancorp price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.37
Residual Average0.0
Price Variance0.19

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  

Byline Bancorp Investors Sentiment

The influence of Byline Bancorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Byline. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Byline Bancorp's public news can be used to forecast risks associated with an investment in Byline. The trend in average sentiment can be used to explain how an investor holding Byline can time the market purely based on public headlines and social activities around Byline Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Byline Bancorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Byline Bancorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Byline Bancorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Byline Bancorp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Byline Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Byline Bancorp's short interest history, or implied volatility extrapolated from Byline Bancorp options trading.

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

  0.96MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.85MBWM Mercantile Bank Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Byline Stock

  0.83KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.8NU Nu Holdings Financial Report 20th of May 2024 PairCorr
  0.8WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.76RF-PB Regions FinancialPairCorr
  0.75VBFC Village Bank AndPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Byline Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Byline Bancorp'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 Byline Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Byline Bancorp Stock:
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.
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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.
A focus of Byline Bancorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Byline Bancorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...