Donnelley Financial Solutions Inc (DFIN)
Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. The company is headquartered in Chicago, Illinois.
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 26.05% per annum.
- DFIN price at the close of July 26, 2024 was $69.06 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.27% per annum.
- DFIN price at the close of July 26, 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 DFIN 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 26, 2021
End date: July 26, 2024
a = 2.9705
b = 0.0006
s = 0.1307
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1307) – 1
= 68.66%
February 26, 2021 calculations
Top border of price channel:
Exp(Y399)
= Exp(a + b × X399 + 2 × s)
= Exp(a + b × 578 + 2 × s)
= Exp(2.9705 + 0.0006 × 578 + 2 × 0.1307)
= Exp(3.5984)
= $36.54
Bottom border of price channel:
Exp(Y399)
= Exp(a + b × X399 – 2 × s)
= Exp(a + b × 578 – 2 × s)
= Exp(2.9705 + 0.0006 × 578 – 2 × 0.1307)
= Exp(3.0757)
= $21.67
July 26, 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(2.9705 + 0.0006 × 1,824 + 2 × 0.1307)
= Exp(4.3887)
= $80.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.9705 + 0.0006 × 1,824 – 2 × 0.1307)
= Exp(3.8660)
= $47.75
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 26.05% per annum.
- DFIN price at the close of July 26, 2024 was $69.06 and was inside the primary price channel.
Secondary Trend
Start date: April 5, 2022
End date: July 26, 2024
a = 2.4710
b = 0.0010
s = 0.0817
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0817) – 1
= 38.66%
April 5, 2022 calculations
Top border of price channel:
Exp(Y678)
= Exp(a + b × X678 + 2 × s)
= Exp(a + b × 981 + 2 × s)
= Exp(2.4710 + 0.0010 × 981 + 2 × 0.0817)
= Exp(3.5820)
= $35.95
Bottom border of price channel:
Exp(Y678)
= Exp(a + b × X678 – 2 × s)
= Exp(a + b × 981 – 2 × s)
= Exp(2.4710 + 0.0010 × 981 – 2 × 0.0817)
= Exp(3.2551)
= $25.92
July 26, 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(2.4710 + 0.0010 × 1,824 + 2 × 0.0817)
= Exp(4.3962)
= $81.14
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.4710 + 0.0010 × 1,824 – 2 × 0.0817)
= Exp(4.0694)
= $58.52
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.27% per annum.
- DFIN price at the close of July 26, 2024 was inside the secondary price channel.