Cathay General Bancorp (CATY)
Cathay General Bancorp is the holding company of Cathay Bank offering various commercial banking products and services to individuals, professionals, and small and medium-sized businesses in the United States. The company is headquartered in Los Angeles, California.
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 36.90% per annum.
- CATY price at the close of April 29, 2025 was $42.37 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,701.98% per annum.
- CATY price at the close of April 29, 2025 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 CATY 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: November 6, 2024
End date: April 2, 2025
a = 6.0319
b = -0.0013
s = 0.0224
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0224) – 1
= 9.38%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(6.0319 + -0.0013 × 1,651 + 2 × 0.0224)
= Exp(3.9939)
= $54.27
Bottom border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(6.0319 + -0.0013 × 1,651 – 2 × 0.0224)
= Exp(3.9042)
= $49.61
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(6.0319 + -0.0013 × 1,798 + 2 × 0.0224)
= Exp(3.8085)
= $45.08
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(6.0319 + -0.0013 × 1,798 – 2 × 0.0224)
= Exp(3.7188)
= $41.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 36.90% per annum.
- CATY price at the close of April 29, 2025 was $42.37 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2025
End date: April 29, 2025
a = -10.6965
b = 0.0079
s = 0.0222
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0079) – 1
= 1,701.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0222) – 1
= 9.30%
April 10, 2025 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-10.6965 + 0.0079 × 1,806 + 2 × 0.0222)
= Exp(3.6548)
= $38.66
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-10.6965 + 0.0079 × 1,806 – 2 × 0.0222)
= Exp(3.5659)
= $35.37
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-10.6965 + 0.0079 × 1,825 + 2 × 0.0222)
= Exp(3.8053)
= $44.94
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-10.6965 + 0.0079 × 1,825 – 2 × 0.0222)
= Exp(3.7164)
= $41.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,701.98% per annum.
- CATY price at the close of April 29, 2025 was inside the secondary price channel.