Fidelity National Information Services Inc (FIS)
FIS is an American Fortune 500 company which offers a wide range of financial products and services. Headquartered in Jacksonville, Florida, FIS employs approximately 63,000 people worldwide. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2020 it offers its solutions in three primary segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.
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 38.72% per annum.
- FIS price at the close of April 29, 2025 was $78.63 and was lower than the bottom border of the primary price channel by $4.62 (5.55%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.91% per annum.
- FIS price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $2.37 (3.10%). This indicates a possible reversal in the secondary trend direction.
- 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:
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 FIS 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 10, 2023
End date: February 10, 2025
a = 2.9218
b = 0.0009
s = 0.0682
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0682) – 1
= 31.37%
March 10, 2023 calculations
Top border of price channel:
Exp(Y720)
= Exp(a + b × X720 + 2 × s)
= Exp(a + b × 1,044 + 2 × s)
= Exp(2.9218 + 0.0009 × 1,044 + 2 × 0.0682)
= Exp(3.9944)
= $54.29
Bottom border of price channel:
Exp(Y720)
= Exp(a + b × X720 – 2 × s)
= Exp(a + b × 1,044 – 2 × s)
= Exp(2.9218 + 0.0009 × 1,044 – 2 × 0.0682)
= Exp(3.7216)
= $41.33
February 10, 2025 calculations
Top border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 + 2 × s)
= Exp(a + b × 1,747 + 2 × s)
= Exp(2.9218 + 0.0009 × 1,747 + 2 × 0.0682)
= Exp(4.6248)
= $101.98
Bottom border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 – 2 × s)
= Exp(a + b × 1,747 – 2 × s)
= Exp(2.9218 + 0.0009 × 1,747 – 2 × 0.0682)
= Exp(4.3520)
= $77.63
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.72% per annum.
- FIS price at the close of April 29, 2025 was $78.63 and was lower than the bottom border of the primary price channel by $4.62 (5.55%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 12, 2024
End date: April 17, 2025
a = 6.2398
b = -0.0011
s = 0.0451
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0451) – 1
= 19.79%
September 12, 2024 calculations
Top border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 + 2 × s)
= Exp(a + b × 1,596 + 2 × s)
= Exp(6.2398 + -0.0011 × 1,596 + 2 × 0.0451)
= Exp(4.5846)
= $97.97
Bottom border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 – 2 × s)
= Exp(a + b × 1,596 – 2 × s)
= Exp(6.2398 + -0.0011 × 1,596 – 2 × 0.0451)
= Exp(4.4041)
= $81.78
April 17, 2025 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(6.2398 + -0.0011 × 1,813 + 2 × 0.0451)
= Exp(4.3473)
= $77.27
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(6.2398 + -0.0011 × 1,813 – 2 × 0.0451)
= Exp(4.1667)
= $64.50
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.91% per annum.
- FIS price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $2.37 (3.10%). This indicates a possible reversal in the secondary trend direction.