East West Bancorp Inc (EWBC)
East West Bancorp, Inc. is the banking holding company for East West Bank providing a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. The company is headquartered in Pasadena, 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 55.34% per annum.
- EWBC price at the close of November 19, 2024 was $104.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 683.62% per annum.
- EWBC 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 EWBC 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 24, 2023
End date: November 19, 2024
a = 2.3308
b = 0.0012
s = 0.0754
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 55.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0754) – 1
= 35.22%
April 24, 2023 calculations
Top border of price channel:
Exp(Y860)
= Exp(a + b × X860 + 2 × s)
= Exp(a + b × 1,251 + 2 × s)
= Exp(2.3308 + 0.0012 × 1,251 + 2 × 0.0754)
= Exp(3.9912)
= $54.12
Bottom border of price channel:
Exp(Y860)
= Exp(a + b × X860 – 2 × s)
= Exp(a + b × 1,251 – 2 × s)
= Exp(2.3308 + 0.0012 × 1,251 – 2 × 0.0754)
= Exp(3.6894)
= $40.02
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(2.3308 + 0.0012 × 1,826 + 2 × 0.0754)
= Exp(4.6850)
= $108.31
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3308 + 0.0012 × 1,826 – 2 × 0.0754)
= Exp(4.3833)
= $80.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 55.34% per annum.
- EWBC price at the close of November 19, 2024 was $104.23 and was inside the primary price channel.
Secondary Trend
Start date: September 24, 2024
End date: November 19, 2024
a = -5.6167
b = 0.0056
s = 0.0244
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0056) – 1
= 683.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0244) – 1
= 10.26%
September 24, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(-5.6167 + 0.0056 × 1,770 + 2 × 0.0244)
= Exp(4.4157)
= $82.74
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(-5.6167 + 0.0056 × 1,770 – 2 × 0.0244)
= Exp(4.3180)
= $75.04
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(-5.6167 + 0.0056 × 1,826 + 2 × 0.0244)
= Exp(4.7316)
= $113.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.6167 + 0.0056 × 1,826 – 2 × 0.0244)
= Exp(4.6339)
= $102.91
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 683.62% per annum.
- EWBC price at the close of November 19, 2024 was inside the secondary price channel.