Northern Trust Corporation (NTRS)
Northern Trust Corporation, based in Chicago, Illinois, is a premier financial services provider renowned for its comprehensive offerings in asset servicing, fund administration, and wealth management. With a strong focus on serving corporations, institutional investors, and ultra high net worth individuals, Northern Trust leverages its deep industry expertise and innovative solutions to help clients optimize their financial strategies. The company is dedicated to delivering exceptional service and maintaining a commitment to integrity and trust, making it a respected leader in the financial sector.
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 32.36% per annum.
- NTRS price at the close of October 27, 2025 was $126.20 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 98.92% per annum.
- NTRS price at the close of October 27, 2025 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 NTRS 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 2, 2023
End date: October 27, 2025
a = 3.4263
b = 0.0008
s = 0.0739
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0739) – 1
= 34.41%
May 2, 2023 calculations
Top border of price channel:
Exp(Y630)
= Exp(a + b × X630 + 2 × s)
= Exp(a + b × 916 + 2 × s)
= Exp(3.4263 + 0.0008 × 916 + 2 × 0.0739)
= Exp(4.2777)
= $72.08
Bottom border of price channel:
Exp(Y630)
= Exp(a + b × X630 – 2 × s)
= Exp(a + b × 916 – 2 × s)
= Exp(3.4263 + 0.0008 × 916 – 2 × 0.0739)
= Exp(3.9820)
= $53.62
October 27, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.4263 + 0.0008 × 1,825 + 2 × 0.0739)
= Exp(4.9760)
= $144.89
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.4263 + 0.0008 × 1,825 – 2 × 0.0739)
= Exp(4.6802)
= $107.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 32.36% per annum.
- NTRS price at the close of October 27, 2025 was $126.20 and was inside the primary price channel.
Secondary Trend
Start date: March 11, 2025
End date: October 27, 2025
a = 1.5120
b = 0.0019
s = 0.0639
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 98.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0639) – 1
= 29.12%
March 11, 2025 calculations
Top border of price channel:
Exp(Y1,095)
= Exp(a + b × X1,095 + 2 × s)
= Exp(a + b × 1,595 + 2 × s)
= Exp(1.5120 + 0.0019 × 1,595 + 2 × 0.0639)
= Exp(4.6451)
= $104.08
Bottom border of price channel:
Exp(Y1,095)
= Exp(a + b × X1,095 – 2 × s)
= Exp(a + b × 1,595 – 2 × s)
= Exp(1.5120 + 0.0019 × 1,595 – 2 × 0.0639)
= Exp(4.3896)
= $80.61
October 27, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.5120 + 0.0019 × 1,825 + 2 × 0.0639)
= Exp(5.0785)
= $160.53
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.5120 + 0.0019 × 1,825 – 2 × 0.0639)
= Exp(4.8230)
= $124.33
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 98.92% per annum.
- NTRS price at the close of October 27, 2025 was inside the secondary price channel.