EZCORP Inc (EZPW)
EZCORP, Inc. offers pawn loans in the United States and Latin America. The company is headquartered in Austin, Texas.
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 20.04% per annum.
- EZPW price at the close of May 17, 2024 was $10.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 76.97% per annum.
- EZPW price at the close of May 17, 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 EZPW 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 4, 2020
End date: May 17, 2024
a = 1.4325
b = 0.0005
s = 0.1123
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1123) – 1
= 56.70%
February 4, 2020 calculations
Top border of price channel:
Exp(Y179)
= Exp(a + b × X179 + 2 × s)
= Exp(a + b × 260 + 2 × s)
= Exp(1.4325 + 0.0005 × 260 + 2 × 0.1123)
= Exp(1.7872)
= $5.97
Bottom border of price channel:
Exp(Y179)
= Exp(a + b × X179 – 2 × s)
= Exp(a + b × 260 – 2 × s)
= Exp(1.4325 + 0.0005 × 260 – 2 × 0.1123)
= Exp(1.3380)
= $3.81
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.4325 + 0.0005 × 1,824 + 2 × 0.1123)
= Exp(2.5699)
= $13.06
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.4325 + 0.0005 × 1,824 – 2 × 0.1123)
= Exp(2.1207)
= $8.34
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.04% per annum.
- EZPW price at the close of May 17, 2024 was $10.23 and was inside the primary price channel.
Secondary Trend
Start date: September 12, 2023
End date: May 17, 2024
a = -0.4302
b = 0.0016
s = 0.0509
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 76.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0509) – 1
= 22.56%
September 12, 2023 calculations
Top border of price channel:
Exp(Y1,086)
= Exp(a + b × X1,086 + 2 × s)
= Exp(a + b × 1,576 + 2 × s)
= Exp(-0.4302 + 0.0016 × 1,576 + 2 × 0.0509)
= Exp(2.1363)
= $8.47
Bottom border of price channel:
Exp(Y1,086)
= Exp(a + b × X1,086 – 2 × s)
= Exp(a + b × 1,576 – 2 × s)
= Exp(-0.4302 + 0.0016 × 1,576 – 2 × 0.0509)
= Exp(1.9328)
= $6.91
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.4302 + 0.0016 × 1,824 + 2 × 0.0509)
= Exp(2.5241)
= $12.48
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.4302 + 0.0016 × 1,824 – 2 × 0.0509)
= Exp(2.3207)
= $10.18
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 76.97% per annum.
- EZPW price at the close of May 17, 2024 was inside the secondary price channel.