First Hawaiian Inc (FHB)
First Hawaiian, Inc. is a banking holding company for First Hawaiian Bank providing a range of banking services to consumers and business customers in the United States.
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 29.60% per annum.
- FHB price at the close of November 19, 2024 was $26.85 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 426.96% per annum.
- FHB 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 FHB 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 25, 2023
End date: November 19, 2024
a = 1.8993
b = 0.0007
s = 0.0639
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0639) – 1
= 29.14%
April 25, 2023 calculations
Top border of price channel:
Exp(Y861)
= Exp(a + b × X861 + 2 × s)
= Exp(a + b × 1,252 + 2 × s)
= Exp(1.8993 + 0.0007 × 1,252 + 2 × 0.0639)
= Exp(2.9165)
= $18.48
Bottom border of price channel:
Exp(Y861)
= Exp(a + b × X861 – 2 × s)
= Exp(a + b × 1,252 – 2 × s)
= Exp(1.8993 + 0.0007 × 1,252 – 2 × 0.0639)
= Exp(2.6608)
= $14.31
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(1.8993 + 0.0007 × 1,826 + 2 × 0.0639)
= Exp(3.3243)
= $27.78
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8993 + 0.0007 × 1,826 – 2 × 0.0639)
= Exp(3.0685)
= $21.51
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.60% per annum.
- FHB price at the close of November 19, 2024 was $26.85 and was inside the primary price channel.
Secondary Trend
Start date: October 1, 2024
End date: November 19, 2024
a = -5.0006
b = 0.0046
s = 0.0255
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0046) – 1
= 426.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0255) – 1
= 10.74%
October 1, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,777 + 2 × s)
= Exp(-5.0006 + 0.0046 × 1,777 + 2 × 0.0255)
= Exp(3.1417)
= $23.14
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,777 – 2 × s)
= Exp(-5.0006 + 0.0046 × 1,777 – 2 × 0.0255)
= Exp(3.0396)
= $20.90
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(-5.0006 + 0.0046 × 1,826 + 2 × 0.0255)
= Exp(3.3648)
= $28.93
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.0006 + 0.0046 × 1,826 – 2 × 0.0255)
= Exp(3.2627)
= $26.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 426.96% per annum.
- FHB price at the close of November 19, 2024 was inside the secondary price channel.