WSFS Financial Corporation (WSFS)
WSFS Financial Corporation is the savings and loan holding company of the Wilmington Savings Fund Society, FSB, which offers various banking services in the United States. The company is headquartered in Wilmington, Delaware.
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 8.70% per annum.
- WSFS price at the close of July 25, 2024 was $57.09 and was higher than the top border of the primary price channel by $12.72 (28.67%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.28% per annum.
- WSFS price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $2.09 (3.80%).
- 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 WSFS 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 6, 2021
End date: December 12, 2023
a = 4.0428
b = -0.0002
s = 0.1026
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1026) – 1
= 50.73%
January 6, 2021 calculations
Top border of price channel:
Exp(Y365)
= Exp(a + b × X365 + 2 × s)
= Exp(a + b × 530 + 2 × s)
= Exp(4.0428 + -0.0002 × 530 + 2 × 0.1026)
= Exp(4.1158)
= $61.30
Bottom border of price channel:
Exp(Y365)
= Exp(a + b × X365 – 2 × s)
= Exp(a + b × 530 – 2 × s)
= Exp(4.0428 + -0.0002 × 530 – 2 × 0.1026)
= Exp(3.7055)
= $40.67
December 12, 2023 calculations
Top border of price channel:
Exp(Y1,103)
= Exp(a + b × X1,103 + 2 × s)
= Exp(a + b × 1,600 + 2 × s)
= Exp(4.0428 + -0.0002 × 1,600 + 2 × 0.1026)
= Exp(3.8489)
= $46.94
Bottom border of price channel:
Exp(Y1,103)
= Exp(a + b × X1,103 – 2 × s)
= Exp(a + b × 1,600 – 2 × s)
= Exp(4.0428 + -0.0002 × 1,600 – 2 × 0.1026)
= Exp(3.4386)
= $31.14
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.70% per annum.
- WSFS price at the close of July 25, 2024 was $57.09 and was higher than the top border of the primary price channel by $12.72 (28.67%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 22, 2023
End date: July 25, 2024
a = 2.6541
b = 0.0007
s = 0.0732
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0732) – 1
= 34.04%
March 22, 2023 calculations
Top border of price channel:
Exp(Y920)
= Exp(a + b × X920 + 2 × s)
= Exp(a + b × 1,335 + 2 × s)
= Exp(2.6541 + 0.0007 × 1,335 + 2 × 0.0732)
= Exp(3.6829)
= $39.76
Bottom border of price channel:
Exp(Y920)
= Exp(a + b × X920 – 2 × s)
= Exp(a + b × 1,335 – 2 × s)
= Exp(2.6541 + 0.0007 × 1,335 – 2 × 0.0732)
= Exp(3.3899)
= $29.66
July 25, 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(2.6541 + 0.0007 × 1,826 + 2 × 0.0732)
= Exp(4.0074)
= $55.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.6541 + 0.0007 × 1,826 – 2 × 0.0732)
= Exp(3.7144)
= $41.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.28% per annum.
- WSFS price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $2.09 (3.80%).