Stock Price Trends

Commerce Bancshares Inc (CBSH)

Commerce Bancshares, Inc. is the banking holding company for Commerce Bank providing retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses in the United States. The company is headquartered in Kansas City, Missouri.

Stock Price Trends

Stock price trends estimated using linear regression.

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Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 38.90% per annum.
  • CBSH price at the close of October 7, 2024 was $57.91 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 52.89% per annum.
  • CBSH price at the close of October 7, 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 CBSH 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:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

August 21, 2023 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

September 30, 2024 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 38.90% per annum.
  • CBSH price at the close of October 7, 2024 was $57.91 and was inside the primary price channel.

Secondary Trend

Start date:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

August 23, 2024 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

October 7, 2024 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 52.89% per annum.
  • CBSH price at the close of October 7, 2024 was inside the secondary price channel.

See Also

Symbol

Company name

ABCB
Ameris Bancorp
ASB
Associated Banc-Corp
AUB
Atlantic Union Bankshares Corp
AX
Axos Financial Inc
BANC
Banc of California, Inc.
BANR
Banner Corporation
BHLB
Berkshire Hills Bancorp Inc
BKU
BankUnited Inc
BOH
Bank of Hawaii Corporation
BRKL
Brookline Bancorp Inc
CADE
Cadence Bancorp
CASH
Meta Financial Group Inc
CATY
Cathay General Bancorp
CBU
Community Bank System Inc
CFFN
Capitol Federal Financial Inc
CFG
Citizens Financial Group, Inc.
CFR
Cullen/Frost Bankers Inc
CHCO
City Holding Company
COLB
Columbia Banking System Inc
CPF
Central Pacific Financial Corp
CUBI
Customers Bancorp Inc
CVBF
CVB Financial Corporation
DCOM
Dime Community Bancshares Inc
EGBN
Eagle Bancorp Inc
EWBC
East West Bancorp Inc
FBK
FB Financial Corp
FBNC
First Bancorp
FBP
First Bancorp
FCF
First Commonwealth Financial
FFBC
First Financial Bancorp
FFIN
First Financial Bankshares Inc
FHB
First Hawaiian Inc
FHN
First Horizon National Corporation
FNB
F.N.B. Corp
FULT
Fulton Financial Corporation
GBCI
Glacier Bancorp Inc
HAFC
Hanmi Financial Corporation
HBAN
Huntington Bancshares Incorporated
HOMB
Home BancShares Inc
HOPE
Hope Bancorp Inc
HTH
Hilltop Holdings Inc
HWC
Hancock Whitney Corp
IBOC
International Bancshares Corporation
IBTX
Independent Bank Group Inc
INDB
Independent Bank
KEY
KeyCorp
MTB
M&T Bank Corporation
NBHC
National Bank Holdings Corporation
NBTB
NBT Bancorp Inc
NWBI
Northwest Bancshares Inc
NYCB
New York Community Bancorp Inc
OFG
OFG Bancorp
ONB
Old National Bancorp
OZK
Bank Ozk
PB
Prosperity Bancshares Inc
PFBC
Preferred Bank
PFS
Provident Financial Services Inc
PNC
PNC Financial Services Group Inc
PNFP
Pinnacle Financial Partners Inc
PPBI
Pacific Premier Bancorp Inc
RF
Regions Financial Corporation
RNST
Renasant Corporation
SBCF
Seacoast Banking Corporation of Florida
SBSI
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SFBS
ServisFirst Bancshares Inc
SFNC
Simmons First National Corporation
SNV
Synovus Financial Corp
SSB
SouthState Corporation
STBA
S&T Bancorp Inc
STEL
Stellar Bancorp, Inc.
TBBK
The Bancorp Inc
TCBI
Texas Capital Bancshares Inc
TFC
Truist Financial Corp
TFIN
Triumph Financial Inc
TMP
Tompkins Financial Corporation
TRMK
Trustmark Corporation
TRST
TrustCo Bank Corp NY
UBSI
United Bankshares Inc
UMBF
UMB Financial Corporation
VBTX
Veritex Holdings Inc
VLY
Valley National Bancorp
WABC
Westamerica Bancorporation
WAFD
Washington Federal Inc
WBS
Webster Financial Corporation
WSFS
WSFS Financial Corporation
WTFC
Wintrust Financial Corporation
ZION
Zions Bancorporation