Loews Corp (L)
Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.
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 36.30% per annum.
- L price at the close of May 17, 2024 was $77.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.45% per annum.
- L 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 L 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: March 13, 2023
End date: May 17, 2024
a = 2.8162
b = 0.0008
s = 0.0201
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 36.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0201) – 1
= 8.36%
March 13, 2023 calculations
Top border of price channel:
Exp(Y960)
= Exp(a + b × X960 + 2 × s)
= Exp(a + b × 1,393 + 2 × s)
= Exp(2.8162 + 0.0008 × 1,393 + 2 × 0.0201)
= Exp(4.0382)
= $56.72
Bottom border of price channel:
Exp(Y960)
= Exp(a + b × X960 – 2 × s)
= Exp(a + b × 1,393 – 2 × s)
= Exp(2.8162 + 0.0008 × 1,393 – 2 × 0.0201)
= Exp(3.9579)
= $52.35
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(2.8162 + 0.0008 × 1,824 + 2 × 0.0201)
= Exp(4.4039)
= $81.77
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.8162 + 0.0008 × 1,824 – 2 × 0.0201)
= Exp(4.3236)
= $75.46
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.30% per annum.
- L price at the close of May 17, 2024 was $77.74 and was inside the primary price channel.
Secondary Trend
Start date: February 15, 2024
End date: May 17, 2024
a = 3.8456
b = 0.0003
s = 0.0164
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0164) – 1
= 6.79%
February 15, 2024 calculations
Top border of price channel:
Exp(Y1,194)
= Exp(a + b × X1,194 + 2 × s)
= Exp(a + b × 1,732 + 2 × s)
= Exp(3.8456 + 0.0003 × 1,732 + 2 × 0.0164)
= Exp(4.3503)
= $77.50
Bottom border of price channel:
Exp(Y1,194)
= Exp(a + b × X1,194 – 2 × s)
= Exp(a + b × 1,732 – 2 × s)
= Exp(3.8456 + 0.0003 × 1,732 – 2 × 0.0164)
= Exp(4.2846)
= $72.57
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(3.8456 + 0.0003 × 1,824 + 2 × 0.0164)
= Exp(4.3753)
= $79.46
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.8456 + 0.0003 × 1,824 – 2 × 0.0164)
= Exp(4.3096)
= $74.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.45% per annum.
- L price at the close of May 17, 2024 was inside the secondary price channel.