Green Dot Corporation (GDOT)
Green Dot Corporation is a banking and fintech holding company in the United States. The company is headquartered in Pasadena, California.
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 59.11% per annum.
- GDOT price at the close of November 19, 2024 was $10.66 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.34% per annum.
- GDOT price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 GDOT 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 2, 2024
End date: November 15, 2024
a = 0.1475
b = 0.0013
s = 0.0574
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0574) – 1
= 25.82%
February 2, 2024 calculations
Top border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 + 2 × s)
= Exp(a + b × 1,535 + 2 × s)
= Exp(0.1475 + 0.0013 × 1,535 + 2 × 0.0574)
= Exp(2.2155)
= $9.17
Bottom border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 – 2 × s)
= Exp(a + b × 1,535 – 2 × s)
= Exp(0.1475 + 0.0013 × 1,535 – 2 × 0.0574)
= Exp(1.9858)
= $7.28
November 15, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(0.1475 + 0.0013 × 1,822 + 2 × 0.0574)
= Exp(2.5806)
= $13.21
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(0.1475 + 0.0013 × 1,822 – 2 × 0.0574)
= Exp(2.3509)
= $10.50
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 59.11% per annum.
- GDOT price at the close of November 19, 2024 was $10.66 and was inside the primary price channel.
Secondary Trend
Start date: September 13, 2024
End date: November 19, 2024
a = 3.7493
b = -0.0007
s = 0.0491
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0491) – 1
= 21.68%
September 13, 2024 calculations
Top border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 + 2 × s)
= Exp(a + b × 1,759 + 2 × s)
= Exp(3.7493 + -0.0007 × 1,759 + 2 × 0.0491)
= Exp(2.5667)
= $13.02
Bottom border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 – 2 × s)
= Exp(a + b × 1,759 – 2 × s)
= Exp(3.7493 + -0.0007 × 1,759 – 2 × 0.0491)
= Exp(2.3705)
= $10.70
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(3.7493 + -0.0007 × 1,826 + 2 × 0.0491)
= Exp(2.5179)
= $12.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7493 + -0.0007 × 1,826 – 2 × 0.0491)
= Exp(2.3217)
= $10.19
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.34% per annum.
- GDOT price at the close of November 19, 2024 was inside the secondary price channel.