Fiserv, Inc. (FI)
Frank's International NV, provides various tubular engineering services for oil and gas exploration and production, and oilfield service companies in the United States, Europe, the Middle East, Africa, Latin America, Asia Pacific and internationally. The company is headquartered in Den Helder, the Netherlands.
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 33.97% per annum.
- FI price at the close of November 19, 2024 was $215.12 and was higher than the top border of the primary price channel by $15.31 (7.66%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 149.94% per annum.
- FI 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 FI 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: September 20, 2022
End date: November 5, 2024
a = 3.7245
b = 0.0008
s = 0.0549
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0549) – 1
= 24.56%
September 20, 2022 calculations
Top border of price channel:
Exp(Y712)
= Exp(a + b × X712 + 2 × s)
= Exp(a + b × 1,035 + 2 × s)
= Exp(3.7245 + 0.0008 × 1,035 + 2 × 0.0549)
= Exp(4.6636)
= $106.01
Bottom border of price channel:
Exp(Y712)
= Exp(a + b × X712 – 2 × s)
= Exp(a + b × 1,035 – 2 × s)
= Exp(3.7245 + 0.0008 × 1,035 – 2 × 0.0549)
= Exp(4.4439)
= $85.11
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(3.7245 + 0.0008 × 1,812 + 2 × 0.0549)
= Exp(5.2861)
= $197.58
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(3.7245 + 0.0008 × 1,812 – 2 × 0.0549)
= Exp(5.0665)
= $158.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.97% per annum.
- FI price at the close of November 19, 2024 was $215.12 and was higher than the top border of the primary price channel by $15.31 (7.66%).
Secondary Trend
Start date: June 25, 2024
End date: November 19, 2024
a = 0.7672
b = 0.0025
s = 0.0195
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 149.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0195) – 1
= 8.13%
June 25, 2024 calculations
Top border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(0.7672 + 0.0025 × 1,679 + 2 × 0.0195)
= Exp(5.0200)
= $151.42
Bottom border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(0.7672 + 0.0025 × 1,679 – 2 × 0.0195)
= Exp(4.9419)
= $140.04
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(0.7672 + 0.0025 × 1,826 + 2 × 0.0195)
= Exp(5.3890)
= $218.98
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.7672 + 0.0025 × 1,826 – 2 × 0.0195)
= Exp(5.3108)
= $202.52
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 149.94% per annum.
- FI price at the close of November 19, 2024 was inside the secondary price channel.