Associated Banc-Corp (ASB)
Associated Banc-Corp, a bank holding company, offers a variety of banking and non-banking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company is headquartered in Green Bay, Wisconsin.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 47.08% per annum.
- ASB price at the close of May 17, 2024 was $22.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.38% per annum.
- ASB price at the close of May 17, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ASB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 2, 2023
End date: May 17, 2024
a = 1.1730
b = 0.0011
s = 0.0624
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0624) – 1
= 28.35%
May 2, 2023 calculations
Top border of price channel:
Exp(Y995)
= Exp(a + b × X995 + 2 × s)
= Exp(a + b × 1,443 + 2 × s)
= Exp(1.1730 + 0.0011 × 1,443 + 2 × 0.0624)
= Exp(2.8231)
= $16.83
Bottom border of price channel:
Exp(Y995)
= Exp(a + b × X995 – 2 × s)
= Exp(a + b × 1,443 – 2 × s)
= Exp(1.1730 + 0.0011 × 1,443 – 2 × 0.0624)
= Exp(2.5735)
= $13.11
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.1730 + 0.0011 × 1,824 + 2 × 0.0624)
= Exp(3.2258)
= $25.17
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.1730 + 0.0011 × 1,824 – 2 × 0.0624)
= Exp(2.9762)
= $19.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.08% per annum.
- ASB price at the close of May 17, 2024 was $22.27 and was inside the primary price channel.
Secondary Trend
Start date: December 13, 2023
End date: May 17, 2024
a = 2.7022
b = 0.0002
s = 0.0313
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0313) – 1
= 13.33%
December 13, 2023 calculations
Top border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 + 2 × s)
= Exp(a + b × 1,668 + 2 × s)
= Exp(2.7022 + 0.0002 × 1,668 + 2 × 0.0313)
= Exp(3.0901)
= $21.98
Bottom border of price channel:
Exp(Y1,151)
= Exp(a + b × X1,151 – 2 × s)
= Exp(a + b × 1,668 – 2 × s)
= Exp(2.7022 + 0.0002 × 1,668 – 2 × 0.0313)
= Exp(2.9650)
= $19.39
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.7022 + 0.0002 × 1,824 + 2 × 0.0313)
= Exp(3.1205)
= $22.66
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.7022 + 0.0002 × 1,824 – 2 × 0.0313)
= Exp(2.9954)
= $19.99
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.38% per annum.
- ASB price at the close of May 17, 2024 was inside the secondary price channel.