Byline Bancorp Stock Probability of Future Stock Price Finishing Over 22.83
| BY Stock | USD 20.18 0.01 0.05% |
Closest to current price Byline long CALL Option Payoff at Expiration
Byline |
Byline Bancorp Target Price Odds to finish over 22.83
The tendency of Byline Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 22.83 or more in 90 days |
| 20.18 | 90 days | 22.83 | under 4 |
Based on a normal probability distribution, the odds of Byline Bancorp to move over $ 22.83 or more in 90 days from now is under 4 (This Byline Bancorp probability density function shows the probability of Byline Stock to fall within a particular range of prices over 90 days) . Probability of Byline Bancorp price to stay between its current price of $ 20.18 and $ 22.83 at the end of the 90-day period is about 86.44 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.42 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Byline Bancorp will likely underperform. Additionally Byline Bancorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Byline Bancorp Price Density |
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Predictive Modules for Byline Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Byline Bancorp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Byline Bancorp is not an exception. The market had few large corrections towards the Byline Bancorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Byline Bancorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Byline Bancorp within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.27 | |
β | Beta against NYSE Composite | 1.42 | |
σ | Overall volatility | 0.85 | |
Ir | Information ratio | -0.14 |
Byline Bancorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Byline Bancorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Byline Bancorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Byline Bancorp generated a negative expected return over the last 90 days | |
| About 43.0% of the company shares are held by company insiders | |
| On 20th of February 2024 Byline Bancorp paid $ 0.09 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Byline Bancorp PT Lowered to 25.00 - Defense World |
Byline Bancorp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Byline Stock often depends not only on the future outlook of the current and potential Byline Bancorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Byline Bancorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.4 M | |
| Cash And Short Term Investments | 226.1 M |
Byline Bancorp Technical Analysis
Byline Bancorp's future price can be derived by breaking down and analyzing its technical indicators over time. Byline Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Byline Bancorp. In general, you should focus on analyzing Byline Stock price patterns and their correlations with different microeconomic environments and drivers.
Byline Bancorp Predictive Forecast Models
Byline Bancorp's time-series forecasting models is one of many Byline Bancorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Byline Bancorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Byline Bancorp
Checking the ongoing alerts about Byline Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Byline Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Byline Bancorp generated a negative expected return over the last 90 days | |
| About 43.0% of the company shares are held by company insiders | |
| On 20th of February 2024 Byline Bancorp paid $ 0.09 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Byline Bancorp PT Lowered to 25.00 - Defense World |
Check out Byline Bancorp Backtesting, Byline Bancorp Valuation, Byline Bancorp Correlation, Byline Bancorp Hype Analysis, Byline Bancorp Volatility, Byline Bancorp History as well as Byline Bancorp Performance. For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.
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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.