Raymond James Financial Inc. (RJF)
Raymond James Financial is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management.
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 10.43% per annum.
- RJF price at the close of February 14, 2025 was $159.84 and was higher than the top border of the primary price channel by $14.50 (9.98%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.66% per annum.
- RJF price at the close of February 14, 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 RJF 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: February 16, 2021
End date: October 14, 2024
a = 4.3196
b = 0.0003
s = 0.0819
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0819) – 1
= 38.77%
February 16, 2021 calculations
Top border of price channel:
Exp(Y251)
= Exp(a + b × X251 + 2 × s)
= Exp(a + b × 364 + 2 × s)
= Exp(4.3196 + 0.0003 × 364 + 2 × 0.0819)
= Exp(4.5824)
= $97.75
Bottom border of price channel:
Exp(Y251)
= Exp(a + b × X251 – 2 × s)
= Exp(a + b × 364 – 2 × s)
= Exp(4.3196 + 0.0003 × 364 – 2 × 0.0819)
= Exp(4.2547)
= $70.44
October 14, 2024 calculations
Top border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 + 2 × s)
= Exp(a + b × 1,700 + 2 × s)
= Exp(4.3196 + 0.0003 × 1,700 + 2 × 0.0819)
= Exp(4.9456)
= $140.56
Bottom border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 – 2 × s)
= Exp(a + b × 1,700 – 2 × s)
= Exp(4.3196 + 0.0003 × 1,700 – 2 × 0.0819)
= Exp(4.6180)
= $101.29
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 10.43% per annum.
- RJF price at the close of February 14, 2025 was $159.84 and was higher than the top border of the primary price channel by $14.50 (9.98%).
Secondary Trend
Start date: March 10, 2023
End date: February 14, 2025
a = 3.5426
b = 0.0008
s = 0.0763
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0763) – 1
= 35.69%
March 10, 2023 calculations
Top border of price channel:
Exp(Y771)
= Exp(a + b × X771 + 2 × s)
= Exp(a + b × 1,116 + 2 × s)
= Exp(3.5426 + 0.0008 × 1,116 + 2 × 0.0763)
= Exp(4.6050)
= $99.98
Bottom border of price channel:
Exp(Y771)
= Exp(a + b × X771 – 2 × s)
= Exp(a + b × 1,116 – 2 × s)
= Exp(3.5426 + 0.0008 × 1,116 – 2 × 0.0763)
= Exp(4.2998)
= $73.69
February 14, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.5426 + 0.0008 × 1,823 + 2 × 0.0763)
= Exp(5.1814)
= $177.93
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.5426 + 0.0008 × 1,823 – 2 × 0.0763)
= Exp(4.8762)
= $131.13
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.66% per annum.
- RJF price at the close of February 14, 2025 was inside the secondary price channel.