Genworth Financial Inc (GNW)
Genworth Financial, Inc. offers insurance products in the United States and internationally. The company is headquartered in Richmond, Virginia.
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 25.28% per annum.
- GNW price at the close of July 26, 2024 was $6.79 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,323.77% per annum.
- GNW 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 GNW 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: July 6, 2021
End date: June 7, 2024
a = 0.8109
b = 0.0006
s = 0.0852
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0852) – 1
= 40.60%
July 6, 2021 calculations
Top border of price channel:
Exp(Y488)
= Exp(a + b × X488 + 2 × s)
= Exp(a + b × 708 + 2 × s)
= Exp(0.8109 + 0.0006 × 708 + 2 × 0.0852)
= Exp(1.4185)
= $4.13
Bottom border of price channel:
Exp(Y488)
= Exp(a + b × X488 – 2 × s)
= Exp(a + b × 708 – 2 × s)
= Exp(0.8109 + 0.0006 × 708 – 2 × 0.0852)
= Exp(1.0778)
= $2.94
June 7, 2024 calculations
Top border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(0.8109 + 0.0006 × 1,775 + 2 × 0.0852)
= Exp(2.0775)
= $7.98
Bottom border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(0.8109 + 0.0006 × 1,775 – 2 × 0.0852)
= Exp(1.7368)
= $5.68
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 25.28% per annum.
- GNW price at the close of July 26, 2024 was $6.79 and was inside the primary price channel.
Secondary Trend
Start date: July 8, 2024
End date: July 26, 2024
a = -11.3527
b = 0.0073
s = 0.0072
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0073) – 1
= 1,323.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0072) – 1
= 2.93%
July 8, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-11.3527 + 0.0073 × 1,806 + 2 × 0.0072)
= Exp(1.8030)
= $6.07
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-11.3527 + 0.0073 × 1,806 – 2 × 0.0072)
= Exp(1.7741)
= $5.89
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(-11.3527 + 0.0073 × 1,824 + 2 × 0.0072)
= Exp(1.9339)
= $6.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-11.3527 + 0.0073 × 1,824 – 2 × 0.0072)
= Exp(1.9050)
= $6.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,323.77% per annum.
- GNW price at the close of July 26, 2024 was inside the secondary price channel.