Fidelity National Financial Inc (FNF)
Fidelity National Financial, Inc. offers various insurance products in the United States. The company is headquartered in Jacksonville, Florida.
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 65.54% per annum.
- FNF price at the close of September 6, 2024 was $58.83 and was lower than the bottom border of the primary price channel by $0.67 (1.13%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.59% per annum.
- FNF price at the close of September 6, 2024 was higher than the top border of the secondary price channel by $4.77 (8.82%).
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 FNF 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: March 9, 2023
End date: April 9, 2024
a = 1.6536
b = 0.0014
s = 0.0433
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 65.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0433) – 1
= 18.90%
March 9, 2023 calculations
Top border of price channel:
Exp(Y881)
= Exp(a + b × X881 + 2 × s)
= Exp(a + b × 1,277 + 2 × s)
= Exp(1.6536 + 0.0014 × 1,277 + 2 × 0.0433)
= Exp(3.5037)
= $33.24
Bottom border of price channel:
Exp(Y881)
= Exp(a + b × X881 – 2 × s)
= Exp(a + b × 1,277 – 2 × s)
= Exp(1.6536 + 0.0014 × 1,277 – 2 × 0.0433)
= Exp(3.3306)
= $27.95
April 9, 2024 calculations
Top border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(1.6536 + 0.0014 × 1,674 + 2 × 0.0433)
= Exp(4.0519)
= $57.51
Bottom border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(1.6536 + 0.0014 × 1,674 – 2 × 0.0433)
= Exp(3.8788)
= $48.37
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 65.54% per annum.
- FNF price at the close of September 6, 2024 was $58.83 and was lower than the bottom border of the primary price channel by $0.67 (1.13%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 6, 2023
End date: July 12, 2024
a = 3.6107
b = 0.0002
s = 0.0303
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0303) – 1
= 12.89%
December 6, 2023 calculations
Top border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 + 2 × s)
= Exp(a + b × 1,549 + 2 × s)
= Exp(3.6107 + 0.0002 × 1,549 + 2 × 0.0303)
= Exp(3.9421)
= $51.52
Bottom border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 – 2 × s)
= Exp(a + b × 1,549 – 2 × s)
= Exp(3.6107 + 0.0002 × 1,549 – 2 × 0.0303)
= Exp(3.8208)
= $45.64
July 12, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(3.6107 + 0.0002 × 1,768 + 2 × 0.0303)
= Exp(3.9803)
= $53.54
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(3.6107 + 0.0002 × 1,768 – 2 × 0.0303)
= Exp(3.8591)
= $47.42
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.59% per annum.
- FNF price at the close of September 6, 2024 was higher than the top border of the secondary price channel by $4.77 (8.82%).