F.N.B. Corp (FNB)
FNB Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small and medium-sized businesses. The company is headquartered in Pittsburgh, Pennsylvania.
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 1.59% per annum.
- FNB price at the close of July 26, 2024 was $15.55 and was higher than the top border of the primary price channel by $1.95 (14.33%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.26% per annum.
- FNB price at the close of July 26, 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 FNB 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 19, 2021
End date: December 6, 2023
a = 2.3798
b = 0.0000
s = 0.0757
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0757) – 1
= 35.35%
February 19, 2021 calculations
Top border of price channel:
Exp(Y394)
= Exp(a + b × X394 + 2 × s)
= Exp(a + b × 571 + 2 × s)
= Exp(2.3798 + 0.0000 × 571 + 2 × 0.0757)
= Exp(2.5559)
= $12.88
Bottom border of price channel:
Exp(Y394)
= Exp(a + b × X394 – 2 × s)
= Exp(a + b × 571 – 2 × s)
= Exp(2.3798 + 0.0000 × 571 – 2 × 0.0757)
= Exp(2.2532)
= $9.52
December 6, 2023 calculations
Top border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 + 2 × s)
= Exp(a + b × 1,591 + 2 × s)
= Exp(2.3798 + 0.0000 × 1,591 + 2 × 0.0757)
= Exp(2.6001)
= $13.46
Bottom border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 – 2 × s)
= Exp(a + b × 1,591 – 2 × s)
= Exp(2.3798 + 0.0000 × 1,591 – 2 × 0.0757)
= Exp(2.2973)
= $9.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.59% per annum.
- FNB price at the close of July 26, 2024 was $15.55 and was higher than the top border of the primary price channel by $1.95 (14.33%).
Secondary Trend
Start date: March 23, 2023
End date: July 26, 2024
a = 1.4859
b = 0.0006
s = 0.0596
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0596) – 1
= 26.93%
March 23, 2023 calculations
Top border of price channel:
Exp(Y920)
= Exp(a + b × X920 + 2 × s)
= Exp(a + b × 1,333 + 2 × s)
= Exp(1.4859 + 0.0006 × 1,333 + 2 × 0.0596)
= Exp(2.4566)
= $11.67
Bottom border of price channel:
Exp(Y920)
= Exp(a + b × X920 – 2 × s)
= Exp(a + b × 1,333 – 2 × s)
= Exp(1.4859 + 0.0006 × 1,333 – 2 × 0.0596)
= Exp(2.2181)
= $9.19
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(1.4859 + 0.0006 × 1,824 + 2 × 0.0596)
= Exp(2.7703)
= $15.96
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.4859 + 0.0006 × 1,824 – 2 × 0.0596)
= Exp(2.5318)
= $12.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.26% per annum.
- FNB price at the close of July 26, 2024 was inside the secondary price channel.