BankUnited Inc (BKU)
BankUnited, Inc. is the banking holding company for BankUnited, a national banking association offering a range of banking services in the United States. The company is headquartered in Miami Lakes, Florida.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.17% per annum.
- BKU price at the close of July 25, 2024 was $37.81 and was higher than the top border of the primary price channel by $12.34 (48.47%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 39.05% per annum.
- BKU price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 BKU 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: February 16, 2021
End date: November 29, 2023
a = 4.2092
b = -0.0007
s = 0.1410
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1410) – 1
= 75.74%
February 16, 2021 calculations
Top border of price channel:
Exp(Y392)
= Exp(a + b × X392 + 2 × s)
= Exp(a + b × 571 + 2 × s)
= Exp(4.2092 + -0.0007 × 571 + 2 × 0.1410)
= Exp(4.0991)
= $60.28
Bottom border of price channel:
Exp(Y392)
= Exp(a + b × X392 – 2 × s)
= Exp(a + b × 571 – 2 × s)
= Exp(4.2092 + -0.0007 × 571 – 2 × 0.1410)
= Exp(3.5352)
= $34.30
November 29, 2023 calculations
Top border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 + 2 × s)
= Exp(a + b × 1,587 + 2 × s)
= Exp(4.2092 + -0.0007 × 1,587 + 2 × 0.1410)
= Exp(3.4015)
= $30.01
Bottom border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 – 2 × s)
= Exp(a + b × 1,587 – 2 × s)
= Exp(4.2092 + -0.0007 × 1,587 – 2 × 0.1410)
= Exp(2.8376)
= $17.07
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.17% per annum.
- BKU price at the close of July 25, 2024 was $37.81 and was higher than the top border of the primary price channel by $12.34 (48.47%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 14, 2023
End date: July 25, 2024
a = 1.7855
b = 0.0009
s = 0.1085
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1085) – 1
= 54.36%
March 14, 2023 calculations
Top border of price channel:
Exp(Y914)
= Exp(a + b × X914 + 2 × s)
= Exp(a + b × 1,327 + 2 × s)
= Exp(1.7855 + 0.0009 × 1,327 + 2 × 0.1085)
= Exp(3.2010)
= $24.56
Bottom border of price channel:
Exp(Y914)
= Exp(a + b × X914 – 2 × s)
= Exp(a + b × 1,327 – 2 × s)
= Exp(1.7855 + 0.0009 × 1,327 – 2 × 0.1085)
= Exp(2.7669)
= $15.91
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.7855 + 0.0009 × 1,826 + 2 × 0.1085)
= Exp(3.6517)
= $38.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7855 + 0.0009 × 1,826 – 2 × 0.1085)
= Exp(3.2176)
= $24.97
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 39.05% per annum.
- BKU price at the close of July 25, 2024 was inside the secondary price channel.