Cadence Bancorp (CADE)
Cadence Bancorporation, a financial portfolio company, through its subsidiary, Cadence Bank, a National Association that provides banking and wealth management services to businesses, high-net-worth individuals, business owners, and retail clients. The company is headquartered in Houston, Texas.
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 47.04% per annum.
- CADE price at the close of November 19, 2024 was $37.32 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 484.42% per annum.
- CADE 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 CADE 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 22, 2023
End date: November 19, 2024
a = 1.6153
b = 0.0011
s = 0.0754
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0754) – 1
= 35.21%
March 22, 2023 calculations
Top border of price channel:
Exp(Y838)
= Exp(a + b × X838 + 2 × s)
= Exp(a + b × 1,218 + 2 × s)
= Exp(1.6153 + 0.0011 × 1,218 + 2 × 0.0754)
= Exp(3.0527)
= $21.17
Bottom border of price channel:
Exp(Y838)
= Exp(a + b × X838 – 2 × s)
= Exp(a + b × 1,218 – 2 × s)
= Exp(1.6153 + 0.0011 × 1,218 – 2 × 0.0754)
= Exp(2.7510)
= $15.66
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(1.6153 + 0.0011 × 1,826 + 2 × 0.0754)
= Exp(3.6950)
= $40.24
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.6153 + 0.0011 × 1,826 – 2 × 0.0754)
= Exp(3.3933)
= $29.76
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.04% per annum.
- CADE price at the close of November 19, 2024 was $37.32 and was inside the primary price channel.
Secondary Trend
Start date: October 1, 2024
End date: November 19, 2024
a = -5.1850
b = 0.0048
s = 0.0330
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0048) – 1
= 484.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0330) – 1
= 14.12%
October 1, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,777 + 2 × s)
= Exp(-5.1850 + 0.0048 × 1,777 + 2 × 0.0330)
= Exp(3.4762)
= $32.34
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,777 – 2 × s)
= Exp(-5.1850 + 0.0048 × 1,777 – 2 × 0.0330)
= Exp(3.3441)
= $28.33
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(-5.1850 + 0.0048 × 1,826 + 2 × 0.0330)
= Exp(3.7132)
= $40.98
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.1850 + 0.0048 × 1,826 – 2 × 0.0330)
= Exp(3.5811)
= $35.91
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 484.42% per annum.
- CADE price at the close of November 19, 2024 was inside the secondary price channel.