Payoneer Global Inc (PAYO)
Payoneer Inc. operates a cross-border commerce and payment platform that makes it easy for digital businesses, online sellers and freelancers around the world to receive and manage their international payments. The company is headquartered in New York, New York with additional offices in the United States and internationally.
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 33.66% per annum.
- PAYO price at the close of July 25, 2024 was $5.41 and was lower than the bottom border of the primary price channel by $1.75 (24.40%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.80% per annum.
- PAYO price at the close of July 25, 2024 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 PAYO 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: January 19, 2022
End date: April 20, 2023
a = 1.3418
b = 0.0008
s = 0.1345
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1345) – 1
= 71.26%
January 19, 2022 calculations
Top border of price channel:
Exp(Y143)
= Exp(a + b × X143 + 2 × s)
= Exp(a + b × 208 + 2 × s)
= Exp(1.3418 + 0.0008 × 208 + 2 × 0.1345)
= Exp(1.7762)
= $5.91
Bottom border of price channel:
Exp(Y143)
= Exp(a + b × X143 – 2 × s)
= Exp(a + b × 208 – 2 × s)
= Exp(1.3418 + 0.0008 × 208 – 2 × 0.1345)
= Exp(1.2382)
= $3.45
April 20, 2023 calculations
Top border of price channel:
Exp(Y457)
= Exp(a + b × X457 + 2 × s)
= Exp(a + b × 664 + 2 × s)
= Exp(1.3418 + 0.0008 × 664 + 2 × 0.1345)
= Exp(2.1387)
= $8.49
Bottom border of price channel:
Exp(Y457)
= Exp(a + b × X457 – 2 × s)
= Exp(a + b × 664 – 2 × s)
= Exp(1.3418 + 0.0008 × 664 – 2 × 0.1345)
= Exp(1.6007)
= $4.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.66% per annum.
- PAYO price at the close of July 25, 2024 was $5.41 and was lower than the bottom border of the primary price channel by $1.75 (24.40%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 15, 2022
End date: July 25, 2024
a = 1.9014
b = -0.0003
s = 0.1099
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -8.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1099) – 1
= 55.23%
July 15, 2022 calculations
Top border of price channel:
Exp(Y265)
= Exp(a + b × X265 + 2 × s)
= Exp(a + b × 385 + 2 × s)
= Exp(1.9014 + -0.0003 × 385 + 2 × 0.1099)
= Exp(2.0241)
= $7.57
Bottom border of price channel:
Exp(Y265)
= Exp(a + b × X265 – 2 × s)
= Exp(a + b × 385 – 2 × s)
= Exp(1.9014 + -0.0003 × 385 – 2 × 0.1099)
= Exp(1.5844)
= $4.88
July 25, 2024 calculations
Top border of price channel:
Exp(Y774)
= Exp(a + b × X774 + 2 × s)
= Exp(a + b × 1,126 + 2 × s)
= Exp(1.9014 + -0.0003 × 1,126 + 2 × 0.1099)
= Exp(1.8371)
= $6.28
Bottom border of price channel:
Exp(Y774)
= Exp(a + b × X774 – 2 × s)
= Exp(a + b × 1,126 – 2 × s)
= Exp(1.9014 + -0.0003 × 1,126 – 2 × 0.1099)
= Exp(1.3973)
= $4.04
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.80% per annum.
- PAYO price at the close of July 25, 2024 was inside the secondary price channel.