Fiserv Inc. (FI)
Frank's International NV, provides various tubular engineering services for oil and gas exploration and production, and oilfield service companies in the United States, Europe, the Middle East, Africa, Latin America, Asia Pacific and internationally. The company is headquartered in Den Helder, the Netherlands.
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 26.71% per annum.
- FI price at the close of July 26, 2024 was $159.94 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.33% per annum.
- FI price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.53 (0.34%).
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 FI 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: May 6, 2022
End date: July 26, 2024
a = 3.8602
b = 0.0006
s = 0.0538
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0538) – 1
= 24.00%
May 6, 2022 calculations
Top border of price channel:
Exp(Y700)
= Exp(a + b × X700 + 2 × s)
= Exp(a + b × 1,012 + 2 × s)
= Exp(3.8602 + 0.0006 × 1,012 + 2 × 0.0538)
= Exp(4.6242)
= $101.92
Bottom border of price channel:
Exp(Y700)
= Exp(a + b × X700 – 2 × s)
= Exp(a + b × 1,012 – 2 × s)
= Exp(3.8602 + 0.0006 × 1,012 – 2 × 0.0538)
= Exp(4.4091)
= $82.19
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(3.8602 + 0.0006 × 1,824 + 2 × 0.0538)
= Exp(5.1509)
= $172.59
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.8602 + 0.0006 × 1,824 – 2 × 0.0538)
= Exp(4.9358)
= $139.18
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 26.71% per annum.
- FI price at the close of July 26, 2024 was $159.94 and was inside the primary price channel.
Secondary Trend
Start date: February 22, 2024
End date: July 26, 2024
a = 5.0086
b = 0.0000
s = 0.0232
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0232) – 1
= 9.73%
February 22, 2024 calculations
Top border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,669 + 2 × s)
= Exp(5.0086 + 0.0000 × 1,669 + 2 × 0.0232)
= Exp(5.0701)
= $159.18
Bottom border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,669 – 2 × s)
= Exp(5.0086 + 0.0000 × 1,669 – 2 × 0.0232)
= Exp(4.9772)
= $145.06
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(5.0086 + 0.0000 × 1,824 + 2 × 0.0232)
= Exp(5.0714)
= $159.41
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.0086 + 0.0000 × 1,824 – 2 × 0.0232)
= Exp(4.9786)
= $145.26
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.33% per annum.
- FI price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.53 (0.34%).