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 9.59% per annum.
- RJF price at the close of October 3, 2024 was $124.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.22% per annum.
- RJF price at the close of October 3, 2024 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: April 1, 2021
End date: October 3, 2024
a = 4.3138
b = 0.0003
s = 0.0805
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0805) – 1
= 38.00%
April 1, 2021 calculations
Top border of price channel:
Exp(Y375)
= Exp(a + b × X375 + 2 × s)
= Exp(a + b × 545 + 2 × s)
= Exp(4.3138 + 0.0003 × 545 + 2 × 0.0805)
= Exp(4.6115)
= $100.64
Bottom border of price channel:
Exp(Y375)
= Exp(a + b × X375 – 2 × s)
= Exp(a + b × 545 – 2 × s)
= Exp(4.3138 + 0.0003 × 545 – 2 × 0.0805)
= Exp(4.2895)
= $72.93
October 3, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.3138 + 0.0003 × 1,826 + 2 × 0.0805)
= Exp(4.9329)
= $138.79
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.3138 + 0.0003 × 1,826 – 2 × 0.0805)
= Exp(4.6109)
= $100.57
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 9.59% per annum.
- RJF price at the close of October 3, 2024 was $124.70 and was inside the primary price channel.
Secondary Trend
Start date: March 10, 2023
End date: October 3, 2024
a = 3.7581
b = 0.0006
s = 0.0584
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0584) – 1
= 26.33%
March 10, 2023 calculations
Top border of price channel:
Exp(Y863)
= Exp(a + b × X863 + 2 × s)
= Exp(a + b × 1,253 + 2 × s)
= Exp(3.7581 + 0.0006 × 1,253 + 2 × 0.0584)
= Exp(4.6195)
= $101.44
Bottom border of price channel:
Exp(Y863)
= Exp(a + b × X863 – 2 × s)
= Exp(a + b × 1,253 – 2 × s)
= Exp(3.7581 + 0.0006 × 1,253 – 2 × 0.0584)
= Exp(4.3857)
= $80.30
October 3, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.7581 + 0.0006 × 1,826 + 2 × 0.0584)
= Exp(4.9599)
= $142.58
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7581 + 0.0006 × 1,826 – 2 × 0.0584)
= Exp(4.7262)
= $112.87
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.22% per annum.
- RJF price at the close of October 3, 2024 was inside the secondary price channel.