First Financial Bancorp (FFBC)
First Financial Bancorp. The company is headquartered in Cincinnati, Ohio.
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 0.25% per annum.
- FFBC price at the close of January 27, 2025 was $28.23 and was higher than the top border of the primary price channel by $3.97 (16.35%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.93% per annum.
- FFBC price at the close of January 27, 2025 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 FFBC 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 8, 2021
End date: July 10, 2024
a = 3.0224
b = 0.0000
s = 0.0769
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0769) – 1
= 36.04%
February 8, 2021 calculations
Top border of price channel:
Exp(Y260)
= Exp(a + b × X260 + 2 × s)
= Exp(a + b × 377 + 2 × s)
= Exp(3.0224 + 0.0000 × 377 + 2 × 0.0769)
= Exp(3.1789)
= $24.02
Bottom border of price channel:
Exp(Y260)
= Exp(a + b × X260 – 2 × s)
= Exp(a + b × 377 – 2 × s)
= Exp(3.0224 + 0.0000 × 377 – 2 × 0.0769)
= Exp(2.8711)
= $17.66
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 + 2 × s)
= Exp(a + b × 1,625 + 2 × s)
= Exp(3.0224 + 0.0000 × 1,625 + 2 × 0.0769)
= Exp(3.1875)
= $24.23
Bottom border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 – 2 × s)
= Exp(a + b × 1,625 – 2 × s)
= Exp(3.0224 + 0.0000 × 1,625 – 2 × 0.0769)
= Exp(2.8798)
= $17.81
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.25% per annum.
- FFBC price at the close of January 27, 2025 was $28.23 and was higher than the top border of the primary price channel by $3.97 (16.35%).
Secondary Trend
Start date: August 22, 2023
End date: January 27, 2025
a = 1.8704
b = 0.0008
s = 0.0615
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0615) – 1
= 27.87%
August 22, 2023 calculations
Top border of price channel:
Exp(Y898)
= Exp(a + b × X898 + 2 × s)
= Exp(a + b × 1,302 + 2 × s)
= Exp(1.8704 + 0.0008 × 1,302 + 2 × 0.0615)
= Exp(3.0356)
= $20.81
Bottom border of price channel:
Exp(Y898)
= Exp(a + b × X898 – 2 × s)
= Exp(a + b × 1,302 – 2 × s)
= Exp(1.8704 + 0.0008 × 1,302 – 2 × 0.0615)
= Exp(2.7897)
= $16.28
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.8704 + 0.0008 × 1,826 + 2 × 0.0615)
= Exp(3.4550)
= $31.66
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8704 + 0.0008 × 1,826 – 2 × 0.0615)
= Exp(3.2092)
= $24.76
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.93% per annum.
- FFBC price at the close of January 27, 2025 was inside the secondary price channel.