CNO Financial Group Inc (CNO)
CNO Financial Group, Inc. develops, markets, and manages health insurance, annuities, individual life insurance, and other insurance products for the middle-income and senior markets in the United States. The company is headquartered in Carmel, Indiana.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 33.40% per annum.
- CNO price at the close of October 4, 2024 was $34.97 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.36% per annum.
- CNO price at the close of October 4, 2024 was inside the secondary price channel.
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 CNO 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: March 13, 2023
End date: October 4, 2024
a = 2.0258
b = 0.0008
s = 0.0497
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0497) – 1
= 22.01%
March 13, 2023 calculations
Top border of price channel:
Exp(Y863)
= Exp(a + b × X863 + 2 × s)
= Exp(a + b × 1,253 + 2 × s)
= Exp(2.0258 + 0.0008 × 1,253 + 2 × 0.0497)
= Exp(3.1146)
= $22.52
Bottom border of price channel:
Exp(Y863)
= Exp(a + b × X863 – 2 × s)
= Exp(a + b × 1,253 – 2 × s)
= Exp(2.0258 + 0.0008 × 1,253 – 2 × 0.0497)
= Exp(2.9157)
= $18.46
October 4, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0258 + 0.0008 × 1,824 + 2 × 0.0497)
= Exp(3.5654)
= $35.36
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0258 + 0.0008 × 1,824 – 2 × 0.0497)
= Exp(3.3665)
= $28.98
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.40% per annum.
- CNO price at the close of October 4, 2024 was $34.97 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: October 4, 2024
a = 0.1585
b = 0.0019
s = 0.0367
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0367) – 1
= 15.84%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,647 + 2 × s)
= Exp(0.1585 + 0.0019 × 1,647 + 2 × 0.0367)
= Exp(3.2998)
= $27.11
Bottom border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,647 – 2 × s)
= Exp(0.1585 + 0.0019 × 1,647 – 2 × 0.0367)
= Exp(3.1528)
= $23.40
October 4, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.1585 + 0.0019 × 1,824 + 2 × 0.0367)
= Exp(3.6295)
= $37.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.1585 + 0.0019 × 1,824 – 2 × 0.0367)
= Exp(3.4825)
= $32.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.36% per annum.
- CNO price at the close of October 4, 2024 was inside the secondary price channel.