Macroaxis considers Byline Bancorp to be not too volatile. Byline Bancorp
secures Sharpe Ratio (or Efficiency) of -0.1543 which signifies that Byline Bancorp
had -0.1543% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Byline Bancorp exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Byline Bancorp Risk Adjusted Performance
of 0.00941 and Mean Deviation of 1.11 to double-check risk estimate we provide. Macroaxis gives Byline Bancorp performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.5685 which signifies that as returns on market increase, returns on owning Byline Bancorp are expected to decrease at a much smaller rate. During bear market, Byline Bancorp is likely to outperform the market.. Even though it is essential to pay attention to Byline Bancorp historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Byline Bancorp exposes twenty-eight different technical indicators which can help you to evaluate its performance. Byline Bancorp has expected return of -0.1881%. Please be advised to confirm Byline Bancorp Downside Variance, and the relationship between Sortino Ratio and Accumulation Distribution to decide if Byline Bancorp past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.42 |
Byline Bancorp has average predictability. Overlapping area represents the amount of predictability between Byline Bancorp time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 2018. 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 0.42 indicates that just about 42.0% of current Byline Bancorp price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.42|
|Spearman Rank Test|| 0.35|
|Price Variance|| 0.03|
|Lagged Price Variance|| 0.44|