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 8.92% per annum.
- OFG price at the close of August 27, 2025 was $44.86 and was higher than the top border of the primary price channel by $1.85 (4.30%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 114.16% per annum.
- OFG price at the close of August 27, 2025 was lower than the bottom border of the secondary price channel by $0.64 (1.40%). This indicates a possible reversal in the secondary trend direction.
- 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 23, 2025
a = 4.1300
b = -0.0003
s = 0.0494
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -8.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0494) – 1
= 21.85%
July 16, 2024 calculations
Top border of price channel:
Exp(Y974)
= Exp(a + b × X974 + 2 × s)
= Exp(a + b × 1,418 + 2 × s)
= Exp(4.1300 + -0.0003 × 1,418 + 2 × 0.0494)
= Exp(3.8657)
= $47.74
Bottom border of price channel:
Exp(Y974)
= Exp(a + b × X974 – 2 × s)
= Exp(a + b × 1,418 – 2 × s)
= Exp(4.1300 + -0.0003 × 1,418 – 2 × 0.0494)
= Exp(3.6681)
= $39.18
June 23, 2025 calculations
Top border of price channel:
Exp(Y1,208)
= Exp(a + b × X1,208 + 2 × s)
= Exp(a + b × 1,760 + 2 × s)
= Exp(4.1300 + -0.0003 × 1,760 + 2 × 0.0494)
= Exp(3.7781)
= $43.73
Bottom border of price channel:
Exp(Y1,208)
= Exp(a + b × X1,208 – 2 × s)
= Exp(a + b × 1,760 – 2 × s)
= Exp(4.1300 + -0.0003 × 1,760 – 2 × 0.0494)
= Exp(3.5805)
= $35.89
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.92% per annum.
- OFG price at the close of August 27, 2025 was $44.86 and was higher than the top border of the primary price channel by $1.85 (4.30%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 3, 2025
End date: July 23, 2025
a = 0.0864
b = 0.0021
s = 0.0383
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 114.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0383) – 1
= 16.53%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(0.0864 + 0.0021 × 1,679 + 2 × 0.0383)
= Exp(3.6660)
= $39.10
Bottom border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(0.0864 + 0.0021 × 1,679 – 2 × 0.0383)
= Exp(3.5130)
= $33.55
July 23, 2025 calculations
Top border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,790 + 2 × s)
= Exp(0.0864 + 0.0021 × 1,790 + 2 × 0.0383)
= Exp(3.8976)
= $49.28
Bottom border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,790 – 2 × s)
= Exp(0.0864 + 0.0021 × 1,790 – 2 × 0.0383)
= Exp(3.7446)
= $42.29
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 114.16% per annum.
- OFG price at the close of August 27, 2025 was lower than the bottom border of the secondary price channel by $0.64 (1.40%). This indicates a possible reversal in the secondary trend direction.