United Bankshares Inc (UBSI)
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. The company is headquartered in Charleston, West Virginia.
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 23.47% per annum.
- UBSI price at the close of December 15, 2025 was $39.66 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.58% per annum.
- UBSI price at the close of December 15, 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 UBSI 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 25, 2023
End date: February 19, 2025
a = 2.7630
b = 0.0006
s = 0.0744
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0744) – 1
= 34.65%
April 25, 2023 calculations
Top border of price channel:
Exp(Y591)
= Exp(a + b × X591 + 2 × s)
= Exp(a + b × 860 + 2 × s)
= Exp(2.7630 + 0.0006 × 860 + 2 × 0.0744)
= Exp(3.4085)
= $30.22
Bottom border of price channel:
Exp(Y591)
= Exp(a + b × X591 – 2 × s)
= Exp(a + b × 860 – 2 × s)
= Exp(2.7630 + 0.0006 × 860 – 2 × 0.0744)
= Exp(3.1110)
= $22.44
February 19, 2025 calculations
Top border of price channel:
Exp(Y1,047)
= Exp(a + b × X1,047 + 2 × s)
= Exp(a + b × 1,526 + 2 × s)
= Exp(2.7630 + 0.0006 × 1,526 + 2 × 0.0744)
= Exp(3.7932)
= $44.40
Bottom border of price channel:
Exp(Y1,047)
= Exp(a + b × X1,047 – 2 × s)
= Exp(a + b × 1,526 – 2 × s)
= Exp(2.7630 + 0.0006 × 1,526 – 2 × 0.0744)
= Exp(3.4957)
= $32.97
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 23.47% per annum.
- UBSI price at the close of December 15, 2025 was $39.66 and was inside the primary price channel.
Secondary Trend
Start date: November 15, 2023
End date: December 15, 2025
a = 3.2513
b = 0.0002
s = 0.0616
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0616) – 1
= 27.95%
November 15, 2023 calculations
Top border of price channel:
Exp(Y733)
= Exp(a + b × X733 + 2 × s)
= Exp(a + b × 1,064 + 2 × s)
= Exp(3.2513 + 0.0002 × 1,064 + 2 × 0.0616)
= Exp(3.5876)
= $36.15
Bottom border of price channel:
Exp(Y733)
= Exp(a + b × X733 – 2 × s)
= Exp(a + b × 1,064 – 2 × s)
= Exp(3.2513 + 0.0002 × 1,064 – 2 × 0.0616)
= Exp(3.3411)
= $28.25
December 15, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.2513 + 0.0002 × 1,825 + 2 × 0.0616)
= Exp(3.7400)
= $42.10
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.2513 + 0.0002 × 1,825 – 2 × 0.0616)
= Exp(3.4935)
= $32.90
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.58% per annum.
- UBSI price at the close of December 15, 2025 was inside the secondary price channel.