Donnelley Financial Solutions Inc (DFIN)
Donnelley Financial Solutions, Inc. is a global risk and compliance solutions company. The company is headquartered in Chicago, Illinois.
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 22.75% per annum.
- DFIN price at the close of April 3, 2025 was $41.89 and was lower than the bottom border of the primary price channel by $9.03 (17.73%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.92% per annum.
- DFIN price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $5.11 (10.87%).
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 DFIN 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: February 26, 2021
End date: April 3, 2025
a = 3.1892
b = 0.0006
s = 0.1415
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1415) – 1
= 76.12%
February 26, 2021 calculations
Top border of price channel:
Exp(Y225)
= Exp(a + b × X225 + 2 × s)
= Exp(a + b × 326 + 2 × s)
= Exp(3.1892 + 0.0006 × 326 + 2 × 0.1415)
= Exp(3.6553)
= $38.68
Bottom border of price channel:
Exp(Y225)
= Exp(a + b × X225 – 2 × s)
= Exp(a + b × 326 – 2 × s)
= Exp(3.1892 + 0.0006 × 326 – 2 × 0.1415)
= Exp(3.0893)
= $21.96
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.1892 + 0.0006 × 1,823 + 2 × 0.1415)
= Exp(4.4962)
= $89.67
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.1892 + 0.0006 × 1,823 – 2 × 0.1415)
= Exp(3.9302)
= $50.92
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 22.75% per annum.
- DFIN price at the close of April 3, 2025 was $41.89 and was lower than the bottom border of the primary price channel by $9.03 (17.73%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 5, 2023
End date: April 3, 2025
a = 4.5613
b = -0.0003
s = 0.0946
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0946) – 1
= 45.98%
December 5, 2023 calculations
Top border of price channel:
Exp(Y923)
= Exp(a + b × X923 + 2 × s)
= Exp(a + b × 1,338 + 2 × s)
= Exp(4.5613 + -0.0003 × 1,338 + 2 × 0.0946)
= Exp(4.3673)
= $78.83
Bottom border of price channel:
Exp(Y923)
= Exp(a + b × X923 – 2 × s)
= Exp(a + b × 1,338 – 2 × s)
= Exp(4.5613 + -0.0003 × 1,338 – 2 × 0.0946)
= Exp(3.9890)
= $54.00
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.5613 + -0.0003 × 1,823 + 2 × 0.0946)
= Exp(4.2285)
= $68.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.5613 + -0.0003 × 1,823 – 2 × 0.0946)
= Exp(3.8502)
= $47.00
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.92% per annum.
- DFIN price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $5.11 (10.87%).