# 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:

Y_{i} = α + β × X_{i} + ε_{i}

Top border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} + 2 × s)

Bottom border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} – 2 × s)

where:

i - observation number

Y_{i} - natural logarithm of CNO price

X_{i} - time index, 1 day interval

σ - standard deviation of ε_{i}

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(Y_{863})

= Exp(a + b × X_{863} + 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(Y_{863})

= Exp(a + b × X_{863} – 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(Y_{1,257})

= Exp(a + b × X_{1,257} + 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(Y_{1,257})

= Exp(a + b × X_{1,257} – 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(Y_{1,134})

= Exp(a + b × X_{1,134} + 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(Y_{1,134})

= Exp(a + b × X_{1,134} – 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(Y_{1,257})

= Exp(a + b × X_{1,257} + 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(Y_{1,257})

= Exp(a + b × X_{1,257} – 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.