# Euronet Worldwide Inc (EEFT)

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers globally. The company is headquartered in Leawood, Kansas.

## 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 56.05% per annum.
- EEFT price at the close of September 16, 2024 was $98.59 and was lower than the bottom border of the primary price channel by $16.17 (14.09%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 14.30% per annum.
- EEFT price at the close of September 16, 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:

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 EEFT 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: July 27, 2023

End date: June 24, 2024

a = 2.6423

b = 0.0012

s = 0.0629

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × 0.0012) – 1

= 56.05%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0629) – 1

= 28.59%

#### July 27, 2023 calculations

Top border of price channel:

Exp(Y_{971})

= Exp(a + b × X_{971} + 2 × s)

= Exp(a + b × 1,409 + 2 × s)

= Exp(2.6423 + 0.0012 × 1,409 + 2 × 0.0629)

= Exp(4.4859)

= $88.75

Bottom border of price channel:

Exp(Y_{971})

= Exp(a + b × X_{971} – 2 × s)

= Exp(a + b × 1,409 – 2 × s)

= Exp(2.6423 + 0.0012 × 1,409 – 2 × 0.0629)

= Exp(4.2344)

= $69.02

#### June 24, 2024 calculations

Top border of price channel:

Exp(Y_{1,199})

= Exp(a + b × X_{1,199} + 2 × s)

= Exp(a + b × 1,742 + 2 × s)

= Exp(2.6423 + 0.0012 × 1,742 + 2 × 0.0629)

= Exp(4.8919)

= $133.20

Bottom border of price channel:

Exp(Y_{1,199})

= Exp(a + b × X_{1,199} – 2 × s)

= Exp(a + b × 1,742 – 2 × s)

= Exp(2.6423 + 0.0012 × 1,742 – 2 × 0.0629)

= Exp(4.6404)

= $103.59

#### Description

- The primary trend is increasing.
- The growth rate of the primary trend is 56.05% per annum.
- EEFT price at the close of September 16, 2024 was $98.59 and was lower than the bottom border of the primary price channel by $16.17 (14.09%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date: February 12, 2024

End date: September 16, 2024

a = 5.3917

b = -0.0004

s = 0.0420

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0004) – 1

= -14.30%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0420) – 1

= 18.31%

#### February 12, 2024 calculations

Top border of price channel:

Exp(Y_{1,108})

= Exp(a + b × X_{1,108} + 2 × s)

= Exp(a + b × 1,609 + 2 × s)

= Exp(5.3917 + -0.0004 × 1,609 + 2 × 0.0420)

= Exp(4.7954)

= $120.96

Bottom border of price channel:

Exp(Y_{1,108})

= Exp(a + b × X_{1,108} – 2 × s)

= Exp(a + b × 1,609 – 2 × s)

= Exp(5.3917 + -0.0004 × 1,609 – 2 × 0.0420)

= Exp(4.6273)

= $102.24

#### September 16, 2024 calculations

Top border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} + 2 × s)

= Exp(a + b × 1,826 + 2 × s)

= Exp(5.3917 + -0.0004 × 1,826 + 2 × 0.0420)

= Exp(4.7037)

= $110.35

Bottom border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} – 2 × s)

= Exp(a + b × 1,826 – 2 × s)

= Exp(5.3917 + -0.0004 × 1,826 – 2 × 0.0420)

= Exp(4.5355)

= $93.27

#### Description

- The secondary trend is decreasing.
- The decline rate of the secondary trend is 14.30% per annum.
- EEFT price at the close of September 16, 2024 was inside the secondary price channel.