Central Pacific Financial Corp (CPF)
Central Pacific Financial Corp. The company is headquartered in Honolulu, Hawaii.
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 59.72% per annum.
- CPF price at the close of November 19, 2024 was $30.77 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 129.99% per annum.
- CPF 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 CPF 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: April 25, 2023
End date: November 19, 2024
a = 0.9762
b = 0.0013
s = 0.0754
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0754) – 1
= 35.20%
April 25, 2023 calculations
Top border of price channel:
Exp(Y861)
= Exp(a + b × X861 + 2 × s)
= Exp(a + b × 1,252 + 2 × s)
= Exp(0.9762 + 0.0013 × 1,252 + 2 × 0.0754)
= Exp(2.7332)
= $15.38
Bottom border of price channel:
Exp(Y861)
= Exp(a + b × X861 – 2 × s)
= Exp(a + b × 1,252 – 2 × s)
= Exp(0.9762 + 0.0013 × 1,252 – 2 × 0.0754)
= Exp(2.4316)
= $11.38
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(0.9762 + 0.0013 × 1,826 + 2 × 0.0754)
= Exp(3.4696)
= $32.12
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.9762 + 0.0013 × 1,826 – 2 × 0.0754)
= Exp(3.1680)
= $23.76
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 59.72% per annum.
- CPF price at the close of November 19, 2024 was $30.77 and was inside the primary price channel.
Secondary Trend
Start date: March 13, 2024
End date: November 19, 2024
a = -0.7294
b = 0.0023
s = 0.0479
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 129.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0479) – 1
= 21.11%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(-0.7294 + 0.0023 × 1,575 + 2 × 0.0479)
= Exp(2.9602)
= $19.30
Bottom border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(-0.7294 + 0.0023 × 1,575 – 2 × 0.0479)
= Exp(2.7686)
= $15.94
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(-0.7294 + 0.0023 × 1,826 + 2 × 0.0479)
= Exp(3.5329)
= $34.22
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.7294 + 0.0023 × 1,826 – 2 × 0.0479)
= Exp(3.3413)
= $28.26
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 129.99% per annum.
- CPF price at the close of November 19, 2024 was inside the secondary price channel.