Banc of California, Inc. (BANC)
Banc of California, Inc. is the banking holding company for Banc of California, the National Association that provides banking products and services in the United States. The company is headquartered in Santa Ana, California.
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 14.21% per annum.
- BANC price at the close of November 19, 2024 was $16.04 and was higher than the top border of the primary price channel by $2.54 (18.79%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.21% per annum.
- BANC price at the close of November 19, 2024 was inside the secondary price channel.
- 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 BANC 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 14, 2021
End date: February 14, 2024
a = 3.1390
b = -0.0004
s = 0.1154
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -14.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1154) – 1
= 58.67%
January 14, 2021 calculations
Top border of price channel:
Exp(Y289)
= Exp(a + b × X289 + 2 × s)
= Exp(a + b × 421 + 2 × s)
= Exp(3.1390 + -0.0004 × 421 + 2 × 0.1154)
= Exp(3.1930)
= $24.36
Bottom border of price channel:
Exp(Y289)
= Exp(a + b × X289 – 2 × s)
= Exp(a + b × 421 – 2 × s)
= Exp(3.1390 + -0.0004 × 421 – 2 × 0.1154)
= Exp(2.7314)
= $15.35
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 + 2 × s)
= Exp(a + b × 1,547 + 2 × s)
= Exp(3.1390 + -0.0004 × 1,547 + 2 × 0.1154)
= Exp(2.7201)
= $15.18
Bottom border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 – 2 × s)
= Exp(a + b × 1,547 – 2 × s)
= Exp(3.1390 + -0.0004 × 1,547 – 2 × 0.1154)
= Exp(2.2584)
= $9.57
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 14.21% per annum.
- BANC price at the close of November 19, 2024 was $16.04 and was higher than the top border of the primary price channel by $2.54 (18.79%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 23, 2023
End date: November 19, 2024
a = 1.7861
b = 0.0005
s = 0.0683
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0683) – 1
= 31.40%
March 23, 2023 calculations
Top border of price channel:
Exp(Y839)
= Exp(a + b × X839 + 2 × s)
= Exp(a + b × 1,219 + 2 × s)
= Exp(1.7861 + 0.0005 × 1,219 + 2 × 0.0683)
= Exp(2.5374)
= $12.65
Bottom border of price channel:
Exp(Y839)
= Exp(a + b × X839 – 2 × s)
= Exp(a + b × 1,219 – 2 × s)
= Exp(1.7861 + 0.0005 × 1,219 – 2 × 0.0683)
= Exp(2.2643)
= $9.62
November 19, 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(1.7861 + 0.0005 × 1,826 + 2 × 0.0683)
= Exp(2.8435)
= $17.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7861 + 0.0005 × 1,826 – 2 × 0.0683)
= Exp(2.5704)
= $13.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.21% per annum.
- BANC price at the close of November 19, 2024 was inside the secondary price channel.