Score 9.1 (out of 10): SIGNATURE BANK poised to seasonally rally by +13% during the next 90 days.

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What’s Going On Here?

Signature Bank and Columbia Pacific Advisors provided a 12-month, floating-rate loan of $70 million for the Fordham Landing project, which sits on 14 acres of underutilized property.

Why Now?

SIGNATURE BANK indicates an interesting 90 days seasonal set up. During similar occasions, SIGNATURE BANK shares had a median return of +13% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for SIGNATURE BANK received a high score of 9.1 (out of 10). This insight was generated with last price of 171.28.

What’s This Token About?

SIGNATURE BANK is in the Commer Banks-Eastern US business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: SBNY US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 193.48 (+13%) has been reached. Based on SIGNATURE BANK’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 161.58 (last price at 171.28), which is equivalent to a -5.7% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

17.4% (October-2021), 23.7% (October-2020), 7.5% (October-2019), 4.1% (October-2018), 8.5% (October-2017), 20.8% (October-2016), 24% (October-2015), 4.9% (October-2014), 19.9% (October-2013).

Historical Chart:

Summary:

NameSIGNATURE BANK
ViewUp
Star (1 to 10)9.1
Target13%
Time90 days
Hit Rate100%

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