F.N.B. Corp (FNB)
FNB Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small and medium-sized businesses. The company is headquartered in Pittsburgh, Pennsylvania.
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 1.72% per annum.
- FNB price at the close of November 19, 2024 was $16.39 and was higher than the top border of the primary price channel by $2.79 (20.55%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.52% per annum.
- FNB 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 FNB 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 16, 2021
End date: December 7, 2023
a = 2.3727
b = 0.0000
s = 0.0759
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0759) – 1
= 35.45%
February 16, 2021 calculations
Top border of price channel:
Exp(Y310)
= Exp(a + b × X310 + 2 × s)
= Exp(a + b × 454 + 2 × s)
= Exp(2.3727 + 0.0000 × 454 + 2 × 0.0759)
= Exp(2.5456)
= $12.75
Bottom border of price channel:
Exp(Y310)
= Exp(a + b × X310 – 2 × s)
= Exp(a + b × 454 – 2 × s)
= Exp(2.3727 + 0.0000 × 454 – 2 × 0.0759)
= Exp(2.2422)
= $9.41
December 7, 2023 calculations
Top border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 + 2 × s)
= Exp(a + b × 1,478 + 2 × s)
= Exp(2.3727 + 0.0000 × 1,478 + 2 × 0.0759)
= Exp(2.5935)
= $13.38
Bottom border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 – 2 × s)
= Exp(a + b × 1,478 – 2 × s)
= Exp(2.3727 + 0.0000 × 1,478 – 2 × 0.0759)
= Exp(2.2900)
= $9.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.72% per annum.
- FNB price at the close of November 19, 2024 was $16.39 and was higher than the top border of the primary price channel by $2.79 (20.55%).
Secondary Trend
Start date: March 22, 2023
End date: November 19, 2024
a = 1.5728
b = 0.0006
s = 0.0580
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0580) – 1
= 26.12%
March 22, 2023 calculations
Top border of price channel:
Exp(Y838)
= Exp(a + b × X838 + 2 × s)
= Exp(a + b × 1,218 + 2 × s)
= Exp(1.5728 + 0.0006 × 1,218 + 2 × 0.0580)
= Exp(2.4474)
= $11.56
Bottom border of price channel:
Exp(Y838)
= Exp(a + b × X838 – 2 × s)
= Exp(a + b × 1,218 – 2 × s)
= Exp(1.5728 + 0.0006 × 1,218 – 2 × 0.0580)
= Exp(2.2153)
= $9.16
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(1.5728 + 0.0006 × 1,826 + 2 × 0.0580)
= Exp(2.8260)
= $16.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.5728 + 0.0006 × 1,826 – 2 × 0.0580)
= Exp(2.5940)
= $13.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.52% per annum.
- FNB price at the close of November 19, 2024 was inside the secondary price channel.