# Meta Financial Group Inc (CASH)

Meta Financial Group, Inc. is the holding company of MetaBank offering various banking products and services in the United States. The company is headquartered in Sioux Falls, South Dakota.

## 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 0.90% per annum.
• CASH price at the close of June 14, 2024 was \$52.37 and was inside the primary price channel.
• The secondary trend is increasing.
• The growth rate of the secondary trend is 20.57% per annum.
• CASH price at the close of June 14, 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 CASH 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 4, 2021
End date: May 3, 2024

a = 3.8828

b = 0.0000

s = 0.1446

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.90%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1446) – 1
= 78.35%

#### February 4, 2021 calculations

Top border of price channel:

Exp(Y413)
= Exp(a + b × X413 + 2 × s)
= Exp(a + b × 598 + 2 × s)
= Exp(3.8828 + 0.0000 × 598 + 2 × 0.1446)
= Exp(4.1572)
= \$63.89

Bottom border of price channel:

Exp(Y413)
= Exp(a + b × X413 – 2 × s)
= Exp(a + b × 598 – 2 × s)
= Exp(3.8828 + 0.0000 × 598 – 2 × 0.1446)
= Exp(3.5786)
= \$35.83

#### May 3, 2024 calculations

Top border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,782 + 2 × s)
= Exp(3.8828 + 0.0000 × 1,782 + 2 × 0.1446)
= Exp(4.1279)
= \$62.05

Bottom border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,782 – 2 × s)
= Exp(3.8828 + 0.0000 × 1,782 – 2 × 0.1446)
= Exp(3.5493)
= \$34.79

#### Description

• The primary trend is decreasing.
• The decline rate of the primary trend is 0.90% per annum.
• CASH price at the close of June 14, 2024 was \$52.37 and was inside the primary price channel.

### Secondary Trend

Start date: May 9, 2022
End date: June 14, 2024

a = 3.0701

b = 0.0005

s = 0.0812

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.57%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0812) – 1
= 38.40%

#### May 9, 2022 calculations

Top border of price channel:

Exp(Y730)
= Exp(a + b × X730 + 2 × s)
= Exp(a + b × 1,057 + 2 × s)
= Exp(3.0701 + 0.0005 × 1,057 + 2 × 0.0812)
= Exp(3.7744)
= \$43.57

Bottom border of price channel:

Exp(Y730)
= Exp(a + b × X730 – 2 × s)
= Exp(a + b × 1,057 – 2 × s)
= Exp(3.0701 + 0.0005 × 1,057 – 2 × 0.0812)
= Exp(3.4494)
= \$31.48

#### June 14, 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(3.0701 + 0.0005 × 1,824 + 2 × 0.0812)
= Exp(4.1674)
= \$64.55

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.0701 + 0.0005 × 1,824 – 2 × 0.0812)
= Exp(3.8425)
= \$46.64

#### Description

• The secondary trend is increasing.
• The growth rate of the secondary trend is 20.57% per annum.
• CASH price at the close of June 14, 2024 was inside the secondary price channel.