Dime Community Bancshares Inc (DCOM)
Dime Community Bancshares, Inc. is the parent company of Dime Community Bank providing commercial banking and financial services in New York. The company is headquartered in Hauppauge, New York.
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 285.54% per annum.
- DCOM price at the close of November 19, 2024 was $34.80 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 947.75% per annum.
- DCOM 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 DCOM 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: May 23, 2024
End date: November 19, 2024
a = -3.2322
b = 0.0037
s = 0.0533
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0037) – 1
= 285.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0533) – 1
= 23.76%
May 23, 2024 calculations
Top border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(-3.2322 + 0.0037 × 1,646 + 2 × 0.0533)
= Exp(2.9599)
= $19.30
Bottom border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(-3.2322 + 0.0037 × 1,646 – 2 × 0.0533)
= Exp(2.7468)
= $15.59
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(-3.2322 + 0.0037 × 1,826 + 2 × 0.0533)
= Exp(3.6254)
= $37.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-3.2322 + 0.0037 × 1,826 – 2 × 0.0533)
= Exp(3.4123)
= $30.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 285.54% per annum.
- DCOM price at the close of November 19, 2024 was $34.80 and was inside the primary price channel.
Secondary Trend
Start date: October 21, 2024
End date: November 19, 2024
a = -8.1959
b = 0.0064
s = 0.0325
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0064) – 1
= 947.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0325) – 1
= 13.87%
October 21, 2024 calculations
Top border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,797 + 2 × s)
= Exp(-8.1959 + 0.0064 × 1,797 + 2 × 0.0325)
= Exp(3.4350)
= $31.03
Bottom border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,797 – 2 × s)
= Exp(-8.1959 + 0.0064 × 1,797 – 2 × 0.0325)
= Exp(3.3051)
= $27.25
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(-8.1959 + 0.0064 × 1,826 + 2 × 0.0325)
= Exp(3.6216)
= $37.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-8.1959 + 0.0064 × 1,826 – 2 × 0.0325)
= Exp(3.4918)
= $32.84
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 947.75% per annum.
- DCOM price at the close of November 19, 2024 was inside the secondary price channel.