OFG Bancorp (OFG)
OFG Bancorp, a financial holding company, offers a range of banking and financial services. The company is headquartered in San Juan, Puerto Rico.
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 8.62% per annum.
- OFG price at the close of July 11, 2025 was $44.67 and was higher than the top border of the primary price channel by $1.03 (2.36%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 123.48% per annum.
- OFG price at the close of July 11, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 OFG 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: July 16, 2024
End date: June 25, 2025
a = 4.1273
b = -0.0002
s = 0.0495
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0495) – 1
= 21.91%
July 16, 2024 calculations
Top border of price channel:
Exp(Y1,007)
= Exp(a + b × X1,007 + 2 × s)
= Exp(a + b × 1,463 + 2 × s)
= Exp(4.1273 + -0.0002 × 1,463 + 2 × 0.0495)
= Exp(3.8649)
= $47.70
Bottom border of price channel:
Exp(Y1,007)
= Exp(a + b × X1,007 – 2 × s)
= Exp(a + b × 1,463 – 2 × s)
= Exp(4.1273 + -0.0002 × 1,463 – 2 × 0.0495)
= Exp(3.6668)
= $39.13
June 25, 2025 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(4.1273 + -0.0002 × 1,807 + 2 × 0.0495)
= Exp(3.7799)
= $43.81
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(4.1273 + -0.0002 × 1,807 – 2 × 0.0495)
= Exp(3.5818)
= $35.94
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.62% per annum.
- OFG price at the close of July 11, 2025 was $44.67 and was higher than the top border of the primary price channel by $1.03 (2.36%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 3, 2025
End date: July 11, 2025
a = -0.2128
b = 0.0022
s = 0.0396
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 123.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0396) – 1
= 17.17%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,724 + 2 × s)
= Exp(-0.2128 + 0.0022 × 1,724 + 2 × 0.0396)
= Exp(3.6646)
= $39.04
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,724 – 2 × s)
= Exp(-0.2128 + 0.0022 × 1,724 – 2 × 0.0396)
= Exp(3.5062)
= $33.32
July 11, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(-0.2128 + 0.0022 × 1,823 + 2 × 0.0396)
= Exp(3.8828)
= $48.56
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(-0.2128 + 0.0022 × 1,823 – 2 × 0.0396)
= Exp(3.7243)
= $41.44
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 123.48% per annum.
- OFG price at the close of July 11, 2025 was inside the secondary price channel.