Shift4 Payments Inc (FOUR)
Shift4 Payments, Inc. provides integrated payment processing and technology solutions in the United States. The company is headquartered in Allentown, 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 132.44% per annum.
- FOUR price at the close of February 3, 2025 was $119.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 169.49% per annum.
- FOUR price at the close of February 3, 2025 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 FOUR 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 12, 2024
End date: February 3, 2025
a = 0.8225
b = 0.0023
s = 0.0591
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 132.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0591) – 1
= 26.67%
April 12, 2024 calculations
Top border of price channel:
Exp(Y969)
= Exp(a + b × X969 + 2 × s)
= Exp(a + b × 1,407 + 2 × s)
= Exp(0.8225 + 0.0023 × 1,407 + 2 × 0.0591)
= Exp(4.1922)
= $66.17
Bottom border of price channel:
Exp(Y969)
= Exp(a + b × X969 – 2 × s)
= Exp(a + b × 1,407 – 2 × s)
= Exp(0.8225 + 0.0023 × 1,407 – 2 × 0.0591)
= Exp(3.9558)
= $52.24
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 + 2 × s)
= Exp(a + b × 1,704 + 2 × s)
= Exp(0.8225 + 0.0023 × 1,704 + 2 × 0.0591)
= Exp(4.8785)
= $131.43
Bottom border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 – 2 × s)
= Exp(a + b × 1,704 – 2 × s)
= Exp(0.8225 + 0.0023 × 1,704 – 2 × 0.0591)
= Exp(4.6421)
= $103.76
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 132.44% per annum.
- FOUR price at the close of February 3, 2025 was $119.22 and was inside the primary price channel.
Secondary Trend
Start date: July 10, 2024
End date: February 3, 2025
a = 0.1648
b = 0.0027
s = 0.0576
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 169.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0576) – 1
= 25.92%
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,029)
= Exp(a + b × X1,029 + 2 × s)
= Exp(a + b × 1,496 + 2 × s)
= Exp(0.1648 + 0.0027 × 1,496 + 2 × 0.0576)
= Exp(4.3432)
= $76.95
Bottom border of price channel:
Exp(Y1,029)
= Exp(a + b × X1,029 – 2 × s)
= Exp(a + b × 1,496 – 2 × s)
= Exp(0.1648 + 0.0027 × 1,496 – 2 × 0.0576)
= Exp(4.1127)
= $61.11
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 + 2 × s)
= Exp(a + b × 1,704 + 2 × s)
= Exp(0.1648 + 0.0027 × 1,704 + 2 × 0.0576)
= Exp(4.9081)
= $135.39
Bottom border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 – 2 × s)
= Exp(a + b × 1,704 – 2 × s)
= Exp(0.1648 + 0.0027 × 1,704 – 2 × 0.0576)
= Exp(4.6776)
= $107.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 169.49% per annum.
- FOUR price at the close of February 3, 2025 was inside the secondary price channel.