Bread Financial Holdings Inc (BFH)
Bread Financial Holdings Inc. provides lending and payment technology solutions to customers and consumer-based industries in North America. The company is headquartered in Columbus, Ohio.
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 97.92% per annum.
- BFH price at the close of November 19, 2024 was $57.59 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.70% per annum.
- BFH price at the close of November 19, 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 BFH 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: October 13, 2023
End date: November 19, 2024
a = 0.6345
b = 0.0019
s = 0.0733
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0733) – 1
= 34.07%
October 13, 2023 calculations
Top border of price channel:
Exp(Y980)
= Exp(a + b × X980 + 2 × s)
= Exp(a + b × 1,423 + 2 × s)
= Exp(0.6345 + 0.0019 × 1,423 + 2 × 0.0733)
= Exp(3.4426)
= $31.27
Bottom border of price channel:
Exp(Y980)
= Exp(a + b × X980 – 2 × s)
= Exp(a + b × 1,423 – 2 × s)
= Exp(0.6345 + 0.0019 × 1,423 – 2 × 0.0733)
= Exp(3.1494)
= $23.32
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(0.6345 + 0.0019 × 1,826 + 2 × 0.0733)
= Exp(4.1964)
= $66.44
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6345 + 0.0019 × 1,826 – 2 × 0.0733)
= Exp(3.9032)
= $49.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 97.92% per annum.
- BFH price at the close of November 19, 2024 was $57.59 and was inside the primary price channel.
Secondary Trend
Start date: July 15, 2024
End date: November 19, 2024
a = 3.1994
b = 0.0004
s = 0.0761
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0761) – 1
= 35.57%
July 15, 2024 calculations
Top border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 + 2 × s)
= Exp(a + b × 1,699 + 2 × s)
= Exp(3.1994 + 0.0004 × 1,699 + 2 × 0.0761)
= Exp(4.0704)
= $58.58
Bottom border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 – 2 × s)
= Exp(a + b × 1,699 – 2 × s)
= Exp(3.1994 + 0.0004 × 1,699 – 2 × 0.0761)
= Exp(3.7660)
= $43.21
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(3.1994 + 0.0004 × 1,826 + 2 × 0.0761)
= Exp(4.1241)
= $61.81
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1994 + 0.0004 × 1,826 – 2 × 0.0761)
= Exp(3.8197)
= $45.59
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.70% per annum.
- BFH price at the close of November 19, 2024 was inside the secondary price channel.