Huntington Bancshares Incorporated (HBAN)
Huntington Bancshares Incorporated is a bank holding company headquartered in Columbus, Ohio.
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 40.02% per annum.
- HBAN price at the close of November 20, 2024 was $17.47 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 131.52% per annum.
- HBAN price at the close of November 20, 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 HBAN 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: May 2, 2023
End date: November 20, 2024
a = 1.0691
b = 0.0009
s = 0.0663
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0663) – 1
= 30.38%
May 2, 2023 calculations
Top border of price channel:
Exp(Y865)
= Exp(a + b × X865 + 2 × s)
= Exp(a + b × 1,258 + 2 × s)
= Exp(1.0691 + 0.0009 × 1,258 + 2 × 0.0663)
= Exp(2.3620)
= $10.61
Bottom border of price channel:
Exp(Y865)
= Exp(a + b × X865 – 2 × s)
= Exp(a + b × 1,258 – 2 × s)
= Exp(1.0691 + 0.0009 × 1,258 – 2 × 0.0663)
= Exp(2.0967)
= $8.14
November 20, 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(1.0691 + 0.0009 × 1,826 + 2 × 0.0663)
= Exp(2.8858)
= $17.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0691 + 0.0009 × 1,826 – 2 × 0.0663)
= Exp(2.6206)
= $13.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.02% per annum.
- HBAN price at the close of November 20, 2024 was $17.47 and was inside the primary price channel.
Secondary Trend
Start date: August 2, 2024
End date: November 20, 2024
a = -1.3711
b = 0.0023
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 131.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.63%
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(-1.3711 + 0.0023 × 1,716 + 2 × 0.0341)
= Exp(2.6440)
= $14.07
Bottom border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(-1.3711 + 0.0023 × 1,716 – 2 × 0.0341)
= Exp(2.5074)
= $12.27
November 20, 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(-1.3711 + 0.0023 × 1,826 + 2 × 0.0341)
= Exp(2.8970)
= $18.12
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.3711 + 0.0023 × 1,826 – 2 × 0.0341)
= Exp(2.7604)
= $15.81
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 131.52% per annum.
- HBAN price at the close of November 20, 2024 was inside the secondary price channel.