Byline Bancorp Stock Forecast - Polynomial Regression
| BY Stock | USD 21.43 0.13 0.61% |
The Polynomial Regression forecasted value of Byline Bancorp on the next trading day is expected to be 20.51 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 22.55. Byline Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Byline Bancorp stock prices and determine the direction of Byline Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Byline Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Byline Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Byline Bancorp's systematic risk associated with finding meaningful patterns of Byline Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of Byline Bancorp to cross-verify your projections. Byline |
Open Interest Against 2024-05-17 Byline Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Byline Bancorp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Byline Bancorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Byline Bancorp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Byline Bancorp's open interest, investors have to compare it to Byline Bancorp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Byline Bancorp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Byline. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Byline Bancorp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Byline Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Byline Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
Byline Bancorp polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Byline Bancorp as well as the accuracy indicators are determined from the period prices. Byline Bancorp Polynomial Regression Price Forecast For the 25th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Byline Bancorp on the next trading day is expected to be 20.51 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.21, and the sum of the absolute errors of 22.55.Please note that although there have been many attempts to predict Byline Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Byline Bancorp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Byline Bancorp Stock Forecast Pattern
| Backtest Byline Bancorp | Byline Bancorp Price Prediction | Buy or Sell Advice |
Byline Bancorp Forecasted Value
In the context of forecasting Byline Bancorp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Byline Bancorp's downside and upside margins for the forecasting period are 18.76 and 22.27, respectively. We have considered Byline Bancorp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Byline Bancorp stock data series using in forecasting. Note that when a statistical model is used to represent Byline Bancorp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 116.5542 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3696 |
| MAPE | Mean absolute percentage error | 0.0177 |
| SAE | Sum of the absolute errors | 22.5468 |
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.
Other Forecasting Options for Byline Bancorp
For every potential investor in Byline, whether a beginner or expert, Byline Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Byline Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Byline. Basic forecasting techniques help filter out the noise by identifying Byline Bancorp's price trends.View Byline Bancorp Related Equities
| Risk & Return | Correlation |
Byline Bancorp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Byline Bancorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Byline Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Byline Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Byline Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Byline Bancorp shares will generate the highest return on investment. By undertsting and applying Byline Bancorp stock market strength indicators, traders can identify Byline Bancorp entry and exit signals to maximize returns.
| Accumulation Distribution | 1809.95 | |||
| Daily Balance Of Power | 0.3095 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21.26 | |||
| Day Typical Price | 21.32 | |||
| Price Action Indicator | 0.23 | |||
| Period Momentum Indicator | 0.13 |
Byline Bancorp Risk Indicators
The analysis of Byline Bancorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Byline Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting byline stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.3 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.15 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Earnings Call This Week | PairCorr |
Moving against Byline Stock
| 0.65 | KB | KB Financial Group Earnings Call Tomorrow | PairCorr |
| 0.57 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.57 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
| 0.57 | TECTP | Tectonic Financial | PairCorr |
| 0.45 | VBFC | Village Bank | 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 Historical Fundamental Analysis of Byline Bancorp to cross-verify your projections. For more information on how to buy Byline Stock please use our How to Invest in Byline Bancorp guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |
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.