Zions Bancorporation (ZION)
Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah.
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 54.57% per annum.
- ZION price at the close of July 25, 2024 was $51.80 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 911.10% per annum.
- ZION price at the close of July 25, 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 ZION 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: March 13, 2023
End date: July 25, 2024
a = 1.6826
b = 0.0012
s = 0.0918
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 54.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0918) – 1
= 44.39%
March 13, 2023 calculations
Top border of price channel:
Exp(Y913)
= Exp(a + b × X913 + 2 × s)
= Exp(a + b × 1,326 + 2 × s)
= Exp(1.6826 + 0.0012 × 1,326 + 2 × 0.0918)
= Exp(3.4483)
= $31.45
Bottom border of price channel:
Exp(Y913)
= Exp(a + b × X913 – 2 × s)
= Exp(a + b × 1,326 – 2 × s)
= Exp(1.6826 + 0.0012 × 1,326 – 2 × 0.0918)
= Exp(3.0809)
= $21.78
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(1.6826 + 0.0012 × 1,826 + 2 × 0.0918)
= Exp(4.0448)
= $57.10
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.6826 + 0.0012 × 1,826 – 2 × 0.0918)
= Exp(3.6774)
= $39.55
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 54.57% per annum.
- ZION price at the close of July 25, 2024 was $51.80 and was inside the primary price channel.
Secondary Trend
Start date: June 14, 2024
End date: July 25, 2024
a = -7.6415
b = 0.0063
s = 0.0286
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0063) – 1
= 911.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0286) – 1
= 12.11%
June 14, 2024 calculations
Top border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 + 2 × s)
= Exp(a + b × 1,785 + 2 × s)
= Exp(-7.6415 + 0.0063 × 1,785 + 2 × 0.0286)
= Exp(3.7302)
= $41.69
Bottom border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 – 2 × s)
= Exp(a + b × 1,785 – 2 × s)
= Exp(-7.6415 + 0.0063 × 1,785 – 2 × 0.0286)
= Exp(3.6159)
= $37.18
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(-7.6415 + 0.0063 × 1,826 + 2 × 0.0286)
= Exp(3.9901)
= $54.06
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-7.6415 + 0.0063 × 1,826 – 2 × 0.0286)
= Exp(3.8758)
= $48.22
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 911.10% per annum.
- ZION price at the close of July 25, 2024 was inside the secondary price channel.