Jackson Financial Inc (JXN)
None
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 166.61% per annum.
- JXN price at the close of July 25, 2024 was $85.31 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 94.87% per annum.
- JXN price at the close of July 25, 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 JXN 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: May 10, 2023
End date: July 25, 2024
a = 1.5872
b = 0.0027
s = 0.0520
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 166.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0520) – 1
= 23.12%
May 10, 2023 calculations
Top border of price channel:
Exp(Y424)
= Exp(a + b × X424 + 2 × s)
= Exp(a + b × 616 + 2 × s)
= Exp(1.5872 + 0.0027 × 616 + 2 × 0.0520)
= Exp(3.3462)
= $28.39
Bottom border of price channel:
Exp(Y424)
= Exp(a + b × X424 – 2 × s)
= Exp(a + b × 616 – 2 × s)
= Exp(1.5872 + 0.0027 × 616 – 2 × 0.0520)
= Exp(3.1382)
= $23.06
July 25, 2024 calculations
Top border of price channel:
Exp(Y727)
= Exp(a + b × X727 + 2 × s)
= Exp(a + b × 1,058 + 2 × s)
= Exp(1.5872 + 0.0027 × 1,058 + 2 × 0.0520)
= Exp(4.5337)
= $93.10
Bottom border of price channel:
Exp(Y727)
= Exp(a + b × X727 – 2 × s)
= Exp(a + b × 1,058 – 2 × s)
= Exp(1.5872 + 0.0027 × 1,058 – 2 × 0.0520)
= Exp(4.3257)
= $75.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 166.61% per annum.
- JXN price at the close of July 25, 2024 was $85.31 and was inside the primary price channel.
Secondary Trend
Start date: March 20, 2024
End date: July 25, 2024
a = 2.4581
b = 0.0018
s = 0.0419
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 94.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0419) – 1
= 18.25%
March 20, 2024 calculations
Top border of price channel:
Exp(Y640)
= Exp(a + b × X640 + 2 × s)
= Exp(a + b × 931 + 2 × s)
= Exp(2.4581 + 0.0018 × 931 + 2 × 0.0419)
= Exp(4.2436)
= $69.66
Bottom border of price channel:
Exp(Y640)
= Exp(a + b × X640 – 2 × s)
= Exp(a + b × 931 – 2 × s)
= Exp(2.4581 + 0.0018 × 931 – 2 × 0.0419)
= Exp(4.0760)
= $58.91
July 25, 2024 calculations
Top border of price channel:
Exp(Y727)
= Exp(a + b × X727 + 2 × s)
= Exp(a + b × 1,058 + 2 × s)
= Exp(2.4581 + 0.0018 × 1,058 + 2 × 0.0419)
= Exp(4.4757)
= $87.86
Bottom border of price channel:
Exp(Y727)
= Exp(a + b × X727 – 2 × s)
= Exp(a + b × 1,058 – 2 × s)
= Exp(2.4581 + 0.0018 × 1,058 – 2 × 0.0419)
= Exp(4.3081)
= $74.30
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 94.87% per annum.
- JXN price at the close of July 25, 2024 was inside the secondary price channel.