Everest Group Ltd (EG)
Everest Group, Ltd., provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company is headquartered in Hamilton, Bermuda.
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 6.33% per annum.
- EG price at the close of October 18, 2024 was $384.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.28% per annum.
- EG price at the close of October 18, 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 EG 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: January 6, 2023
End date: October 18, 2024
a = 5.6507
b = 0.0002
s = 0.0394
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0394) – 1
= 17.08%
January 6, 2023 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,173 + 2 × s)
= Exp(5.6507 + 0.0002 × 1,173 + 2 × 0.0394)
= Exp(5.9269)
= $375.01
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,173 – 2 × s)
= Exp(5.6507 + 0.0002 × 1,173 – 2 × 0.0394)
= Exp(5.7692)
= $320.29
October 18, 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(5.6507 + 0.0002 × 1,824 + 2 × 0.0394)
= Exp(6.0365)
= $418.42
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.6507 + 0.0002 × 1,824 – 2 × 0.0394)
= Exp(5.8788)
= $357.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6.33% per annum.
- EG price at the close of October 18, 2024 was $384.23 and was inside the primary price channel.
Secondary Trend
Start date: September 14, 2023
End date: October 18, 2024
a = 5.8749
b = 0.0000
s = 0.0339
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0339) – 1
= 14.50%
September 14, 2023 calculations
Top border of price channel:
Exp(Y981)
= Exp(a + b × X981 + 2 × s)
= Exp(a + b × 1,424 + 2 × s)
= Exp(5.8749 + 0.0000 × 1,424 + 2 × 0.0339)
= Exp(5.9921)
= $400.27
Bottom border of price channel:
Exp(Y981)
= Exp(a + b × X981 – 2 × s)
= Exp(a + b × 1,424 – 2 × s)
= Exp(5.8749 + 0.0000 × 1,424 – 2 × 0.0339)
= Exp(5.8567)
= $349.57
October 18, 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(5.8749 + 0.0000 × 1,824 + 2 × 0.0339)
= Exp(6.0061)
= $405.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.8749 + 0.0000 × 1,824 – 2 × 0.0339)
= Exp(5.8706)
= $354.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.28% per annum.
- EG price at the close of October 18, 2024 was inside the secondary price channel.