Globe Life Inc (GL)
Globe Life is a financial services holding company that operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, 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 72.31% per annum.
- GL price at the close of April 29, 2025 was $123.97 and was lower than the bottom border of the primary price channel by $1.58 (1.26%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.91% per annum.
- GL price at the close of April 29, 2025 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 GL 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: April 23, 2024
End date: April 3, 2025
a = 2.1988
b = 0.0015
s = 0.0433
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 72.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0433) – 1
= 18.91%
April 23, 2024 calculations
Top border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 + 2 × s)
= Exp(a + b × 1,454 + 2 × s)
= Exp(2.1988 + 0.0015 × 1,454 + 2 × 0.0433)
= Exp(4.4529)
= $85.87
Bottom border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 – 2 × s)
= Exp(a + b × 1,454 – 2 × s)
= Exp(2.1988 + 0.0015 × 1,454 – 2 × 0.0433)
= Exp(4.2796)
= $72.21
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(2.1988 + 0.0015 × 1,799 + 2 × 0.0433)
= Exp(4.9672)
= $143.62
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(2.1988 + 0.0015 × 1,799 – 2 × 0.0433)
= Exp(4.7939)
= $120.78
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 72.31% per annum.
- GL price at the close of April 29, 2025 was $123.97 and was lower than the bottom border of the primary price channel by $1.58 (1.26%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 22, 2024
End date: April 29, 2025
a = 3.1339
b = 0.0009
s = 0.0352
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0352) – 1
= 15.13%
August 22, 2024 calculations
Top border of price channel:
Exp(Y1,085)
= Exp(a + b × X1,085 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(3.1339 + 0.0009 × 1,575 + 2 × 0.0352)
= Exp(4.6843)
= $108.23
Bottom border of price channel:
Exp(Y1,085)
= Exp(a + b × X1,085 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(3.1339 + 0.0009 × 1,575 – 2 × 0.0352)
= Exp(4.5434)
= $94.01
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.1339 + 0.0009 × 1,825 + 2 × 0.0352)
= Exp(4.9192)
= $136.89
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.1339 + 0.0009 × 1,825 – 2 × 0.0352)
= Exp(4.7783)
= $118.90
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.91% per annum.
- GL price at the close of April 29, 2025 was inside the secondary price channel.