Federated Investors Inc B (FHI)
Federated Hermes, Inc. is a publicly owned asset management portfolio company. The company is headquartered in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.
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 5.36% per annum.
- FHI price at the close of January 24, 2025 was $38.65 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 65.49% per annum.
- FHI price at the close of January 24, 2025 was lower than the bottom border of the secondary price channel by $1.62 (4.02%). This indicates a possible reversal in the secondary trend direction.
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 FHI 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 5, 2021
End date: October 14, 2024
a = 3.2929
b = 0.0001
s = 0.0698
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 5.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0698) – 1
= 32.22%
May 5, 2021 calculations
Top border of price channel:
Exp(Y321)
= Exp(a + b × X321 + 2 × s)
= Exp(a + b × 464 + 2 × s)
= Exp(3.2929 + 0.0001 × 464 + 2 × 0.0698)
= Exp(3.4989)
= $33.08
Bottom border of price channel:
Exp(Y321)
= Exp(a + b × X321 – 2 × s)
= Exp(a + b × 464 – 2 × s)
= Exp(3.2929 + 0.0001 × 464 – 2 × 0.0698)
= Exp(3.2196)
= $25.02
October 14, 2024 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(3.2929 + 0.0001 × 1,722 + 2 × 0.0698)
= Exp(3.6790)
= $39.61
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(3.2929 + 0.0001 × 1,722 – 2 × 0.0698)
= Exp(3.3996)
= $29.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 5.36% per annum.
- FHI price at the close of January 24, 2025 was $38.65 and was inside the primary price channel.
Secondary Trend
Start date: April 26, 2024
End date: January 6, 2025
a = 1.2570
b = 0.0014
s = 0.0393
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 65.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0393) – 1
= 17.03%
April 26, 2024 calculations
Top border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 + 2 × s)
= Exp(a + b × 1,551 + 2 × s)
= Exp(1.2570 + 0.0014 × 1,551 + 2 × 0.0393)
= Exp(3.4761)
= $32.33
Bottom border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 – 2 × s)
= Exp(a + b × 1,551 – 2 × s)
= Exp(1.2570 + 0.0014 × 1,551 – 2 × 0.0393)
= Exp(3.3188)
= $27.63
January 6, 2025 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(1.2570 + 0.0014 × 1,806 + 2 × 0.0393)
= Exp(3.8280)
= $45.97
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(1.2570 + 0.0014 × 1,806 – 2 × 0.0393)
= Exp(3.6707)
= $39.28
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 65.49% per annum.
- FHI price at the close of January 24, 2025 was lower than the bottom border of the secondary price channel by $1.62 (4.02%). This indicates a possible reversal in the secondary trend direction.