Axa Equitable Holdings Inc (EQH)
Equitable Holdings, Inc. is a globally diversified financial services company. The company is headquartered in New York, New York.
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 57.64% per annum.
- EQH price at the close of July 25, 2024 was $42.36 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 82.73% per annum.
- EQH price at the close of July 25, 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 EQH 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 15, 2023
End date: July 25, 2024
a = 1.4512
b = 0.0012
s = 0.0500
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0500) – 1
= 22.13%
March 15, 2023 calculations
Top border of price channel:
Exp(Y915)
= Exp(a + b × X915 + 2 × s)
= Exp(a + b × 1,328 + 2 × s)
= Exp(1.4512 + 0.0012 × 1,328 + 2 × 0.0500)
= Exp(3.2072)
= $24.71
Bottom border of price channel:
Exp(Y915)
= Exp(a + b × X915 – 2 × s)
= Exp(a + b × 1,328 – 2 × s)
= Exp(1.4512 + 0.0012 × 1,328 – 2 × 0.0500)
= Exp(3.0073)
= $20.23
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.4512 + 0.0012 × 1,826 + 2 × 0.0500)
= Exp(3.8282)
= $45.98
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4512 + 0.0012 × 1,826 – 2 × 0.0500)
= Exp(3.6283)
= $37.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 57.64% per annum.
- EQH price at the close of July 25, 2024 was $42.36 and was inside the primary price channel.
Secondary Trend
Start date: September 26, 2023
End date: July 25, 2024
a = 0.7620
b = 0.0017
s = 0.0406
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 82.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0406) – 1
= 17.64%
September 26, 2023 calculations
Top border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 + 2 × s)
= Exp(a + b × 1,523 + 2 × s)
= Exp(0.7620 + 0.0017 × 1,523 + 2 × 0.0406)
= Exp(3.3586)
= $28.75
Bottom border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 – 2 × s)
= Exp(a + b × 1,523 – 2 × s)
= Exp(0.7620 + 0.0017 × 1,523 – 2 × 0.0406)
= Exp(3.1962)
= $24.44
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.7620 + 0.0017 × 1,826 + 2 × 0.0406)
= Exp(3.8590)
= $47.42
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.7620 + 0.0017 × 1,826 – 2 × 0.0406)
= Exp(3.6966)
= $40.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 82.73% per annum.
- EQH price at the close of July 25, 2024 was inside the secondary price channel.