Byline Bancorp Backtested Returns
Macroaxis considers Byline Bancorp to be not too volatile. Byline Bancorp
secures Sharpe Ratio (or Efficiency) of -0.087 which signifies that Byline Bancorp
had -0.087% 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 Inc exposes twenty-one 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 (0.016995) and Mean Deviation of 0.7717 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 -0.8566 which signifies that . 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 patternss. 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Byline Bancorp has expected return of -0.0927%. Please be advised to confirm Byline Bancorp Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if Byline Bancorp past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.08) |
Very weak reverse predictability
Byline Bancorp Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Byline Bancorp time series from September 20, 2017 to October 5, 2017 and October 5, 2017 to October 20, 2017. 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 -0.08 indicates that barely 8.0% of current Byline Bancorp price fluctuation can be explain by its past prices. Given that Byline Bancorp Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Byline Bancorp for similar time interval.
|Correlation Coefficient|| -0.08|
|Spearman Rank Test|| -0.31|
|Price Variance|| 0.01|
|Lagged Price Variance|| 0.13|
Byline Bancorp Lagged Returns