Stock Price Trends

Invesco Plc (IVZ)

Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 18.27% per annum.
  • IVZ price at the close of May 17, 2024 was $16.00 and was higher than the top border of the primary price channel by $1.47 (10.15%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 2.48% per annum.
  • IVZ price at the close of May 17, 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 IVZ 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 9, 2021
End date: December 12, 2023

a = 3.4930

b = -0.0006

s = 0.0955

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.27%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0955) – 1
= 46.54%

February 9, 2021 calculations

Top border of price channel:

Exp(Y435)
= Exp(a + b × X435 + 2 × s)
= Exp(a + b × 631 + 2 × s)
= Exp(3.4930 + -0.0006 × 631 + 2 × 0.0955)
= Exp(3.3353)
= $28.09

Bottom border of price channel:

Exp(Y435)
= Exp(a + b × X435 – 2 × s)
= Exp(a + b × 631 – 2 × s)
= Exp(3.4930 + -0.0006 × 631 – 2 × 0.0955)
= Exp(2.9532)
= $19.17

December 12, 2023 calculations

Top border of price channel:

Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,667 + 2 × s)
= Exp(3.4930 + -0.0006 × 1,667 + 2 × 0.0955)
= Exp(2.7627)
= $15.84

Bottom border of price channel:

Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,667 – 2 × s)
= Exp(3.4930 + -0.0006 × 1,667 – 2 × 0.0955)
= Exp(2.3806)
= $10.81

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 18.27% per annum.
  • IVZ price at the close of May 17, 2024 was $16.00 and was higher than the top border of the primary price channel by $1.47 (10.15%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: April 26, 2022
End date: May 17, 2024

a = 2.8228

b = -0.0001

s = 0.0924

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.48%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0924) – 1
= 44.70%

April 26, 2022 calculations

Top border of price channel:

Exp(Y740)
= Exp(a + b × X740 + 2 × s)
= Exp(a + b × 1,072 + 2 × s)
= Exp(2.8228 + -0.0001 × 1,072 + 2 × 0.0924)
= Exp(2.9338)
= $18.80

Bottom border of price channel:

Exp(Y740)
= Exp(a + b × X740 – 2 × s)
= Exp(a + b × 1,072 – 2 × s)
= Exp(2.8228 + -0.0001 × 1,072 – 2 × 0.0924)
= Exp(2.5643)
= $12.99

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.8228 + -0.0001 × 1,824 + 2 × 0.0924)
= Exp(2.8821)
= $17.85

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.8228 + -0.0001 × 1,824 – 2 × 0.0924)
= Exp(2.5126)
= $12.34

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 2.48% per annum.
  • IVZ price at the close of May 17, 2024 was inside the secondary price channel.