Voya Financial Inc (VOYA)
Voya Financial, Inc. is a retirement, investment and employee benefits company in the United States. The company is headquartered in New York, New York.
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 39.82% per annum.
- VOYA price at the close of April 29, 2025 was $60.00 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.20% per annum.
- VOYA price at the close of April 29, 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 VOYA 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: September 25, 2024
End date: April 29, 2025
a = 6.6561
b = -0.0014
s = 0.0609
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0609) – 1
= 27.57%
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,108)
= Exp(a + b × X1,108 + 2 × s)
= Exp(a + b × 1,609 + 2 × s)
= Exp(6.6561 + -0.0014 × 1,609 + 2 × 0.0609)
= Exp(4.5390)
= $93.60
Bottom border of price channel:
Exp(Y1,108)
= Exp(a + b × X1,108 – 2 × s)
= Exp(a + b × 1,609 – 2 × s)
= Exp(6.6561 + -0.0014 × 1,609 – 2 × 0.0609)
= Exp(4.2955)
= $73.37
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.6561 + -0.0014 × 1,825 + 2 × 0.0609)
= Exp(4.2384)
= $69.30
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.6561 + -0.0014 × 1,825 – 2 × 0.0609)
= Exp(3.9949)
= $54.32
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.82% per annum.
- VOYA price at the close of April 29, 2025 was $60.00 and was inside the primary price channel.
Secondary Trend
Start date: February 11, 2025
End date: April 29, 2025
a = 11.0061
b = -0.0038
s = 0.0490
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0038) – 1
= -75.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0490) – 1
= 21.67%
February 11, 2025 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,748 + 2 × s)
= Exp(11.0061 + -0.0038 × 1,748 + 2 × 0.0490)
= Exp(4.4264)
= $83.63
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,748 – 2 × s)
= Exp(11.0061 + -0.0038 × 1,748 – 2 × 0.0490)
= Exp(4.2303)
= $68.74
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(11.0061 + -0.0038 × 1,825 + 2 × 0.0490)
= Exp(4.1322)
= $62.32
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(11.0061 + -0.0038 × 1,825 – 2 × 0.0490)
= Exp(3.9361)
= $51.22
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.20% per annum.
- VOYA price at the close of April 29, 2025 was inside the secondary price channel.