Insperity Inc (NSP)
Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company is headquartered in Kingwood, Texas.
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 9.01% per annum.
- NSP price at the close of July 25, 2024 was $100.53 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.74% per annum.
- NSP 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 NSP 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: October 31, 2022
End date: July 25, 2024
a = 5.0623
b = -0.0003
s = 0.0697
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0697) – 1
= 32.16%
October 31, 2022 calculations
Top border of price channel:
Exp(Y823)
= Exp(a + b × X823 + 2 × s)
= Exp(a + b × 1,193 + 2 × s)
= Exp(5.0623 + -0.0003 × 1,193 + 2 × 0.0697)
= Exp(4.8930)
= $133.35
Bottom border of price channel:
Exp(Y823)
= Exp(a + b × X823 – 2 × s)
= Exp(a + b × 1,193 – 2 × s)
= Exp(5.0623 + -0.0003 × 1,193 – 2 × 0.0697)
= Exp(4.6142)
= $100.91
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.0623 + -0.0003 × 1,826 + 2 × 0.0697)
= Exp(4.7292)
= $113.21
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.0623 + -0.0003 × 1,826 – 2 × 0.0697)
= Exp(4.4504)
= $85.66
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.01% per annum.
- NSP price at the close of July 25, 2024 was $100.53 and was inside the primary price channel.
Secondary Trend
Start date: November 20, 2023
End date: July 25, 2024
a = 6.0916
b = -0.0009
s = 0.0537
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -26.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0537) – 1
= 23.94%
November 20, 2023 calculations
Top border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 + 2 × s)
= Exp(a + b × 1,578 + 2 × s)
= Exp(6.0916 + -0.0009 × 1,578 + 2 × 0.0537)
= Exp(4.8539)
= $128.23
Bottom border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 – 2 × s)
= Exp(a + b × 1,578 – 2 × s)
= Exp(6.0916 + -0.0009 × 1,578 – 2 × 0.0537)
= Exp(4.6392)
= $103.46
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.0916 + -0.0009 × 1,826 + 2 × 0.0537)
= Exp(4.6425)
= $103.80
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.0916 + -0.0009 × 1,826 – 2 × 0.0537)
= Exp(4.4278)
= $83.75
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.74% per annum.
- NSP price at the close of July 25, 2024 was inside the secondary price channel.