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 22.39% per annum.
- BKU price at the close of May 17, 2024 was $29.93 and was higher than the top border of the primary price channel by $3.13 (11.69%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.11% per annum.
- BKU price at the close of May 17, 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 22, 2021
End date: November 29, 2023
a = 4.2748
b = -0.0007
s = 0.1402
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1402) – 1
= 75.21%
February 22, 2021 calculations
Top border of price channel:
Exp(Y443)
= Exp(a + b × X443 + 2 × s)
= Exp(a + b × 644 + 2 × s)
= Exp(4.2748 + -0.0007 × 644 + 2 × 0.1402)
= Exp(4.1079)
= $60.82
Bottom border of price channel:
Exp(Y443)
= Exp(a + b × X443 – 2 × s)
= Exp(a + b × 644 – 2 × s)
= Exp(4.2748 + -0.0007 × 644 – 2 × 0.1402)
= Exp(3.5471)
= $34.71
November 29, 2023 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,654 + 2 × s)
= Exp(4.2748 + -0.0007 × 1,654 + 2 × 0.1402)
= Exp(3.4064)
= $30.16
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,654 – 2 × s)
= Exp(4.2748 + -0.0007 × 1,654 – 2 × 0.1402)
= Exp(2.8455)
= $17.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.39% per annum.
- BKU price at the close of May 17, 2024 was $29.93 and was higher than the top border of the primary price channel by $3.13 (11.69%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 14, 2023
End date: May 17, 2024
a = 1.7026
b = 0.0009
s = 0.1109
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1109) – 1
= 55.85%
March 14, 2023 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,394 + 2 × s)
= Exp(1.7026 + 0.0009 × 1,394 + 2 × 0.1109)
= Exp(3.2125)
= $24.84
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,394 – 2 × s)
= Exp(1.7026 + 0.0009 × 1,394 – 2 × 0.1109)
= Exp(2.7688)
= $15.94
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(1.7026 + 0.0009 × 1,824 + 2 × 0.1109)
= Exp(3.6099)
= $36.96
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.7026 + 0.0009 × 1,824 – 2 × 0.1109)
= Exp(3.1661)
= $23.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.11% per annum.
- BKU price at the close of May 17, 2024 was inside the secondary price channel.