CVB Financial Corporation (CVBF)
CVB Financial Corp. The company is headquartered in Ontario, California.
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 23.14% per annum.
- CVBF price at the close of November 19, 2024 was $22.49 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 319.79% per annum.
- CVBF 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 CVBF 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 4, 2023
End date: November 19, 2024
a = 1.9204
b = 0.0006
s = 0.1048
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1048) – 1
= 52.08%
April 4, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(1.9204 + 0.0006 × 1,231 + 2 × 0.1048)
= Exp(2.8319)
= $16.98
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(1.9204 + 0.0006 × 1,231 – 2 × 0.1048)
= Exp(2.4127)
= $11.16
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(1.9204 + 0.0006 × 1,826 + 2 × 0.1048)
= Exp(3.1712)
= $23.84
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9204 + 0.0006 × 1,826 – 2 × 0.1048)
= Exp(2.7520)
= $15.67
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 23.14% per annum.
- CVBF price at the close of November 19, 2024 was $22.49 and was inside the primary price channel.
Secondary Trend
Start date: September 6, 2024
End date: November 19, 2024
a = -4.0857
b = 0.0039
s = 0.0397
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0039) – 1
= 319.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0397) – 1
= 17.23%
September 6, 2024 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,752 + 2 × s)
= Exp(-4.0857 + 0.0039 × 1,752 + 2 × 0.0397)
= Exp(2.8799)
= $17.81
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,752 – 2 × s)
= Exp(-4.0857 + 0.0039 × 1,752 – 2 × 0.0397)
= Exp(2.7209)
= $15.19
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(-4.0857 + 0.0039 × 1,826 + 2 × 0.0397)
= Exp(3.1707)
= $23.82
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-4.0857 + 0.0039 × 1,826 – 2 × 0.0397)
= Exp(3.0117)
= $20.32
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 319.79% per annum.
- CVBF price at the close of November 19, 2024 was inside the secondary price channel.