Hope Bancorp Inc (HOPE)
Hope Bancorp, Inc. is the bank holding company for Bank of Hope providing banking services for small and medium-sized businesses and individuals in the United States. The company is headquartered in Los Angeles, 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 37.44% per annum.
- HOPE price at the close of November 19, 2024 was $13.33 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 72.69% per annum.
- HOPE 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 HOPE 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 25, 2023
End date: November 19, 2024
a = 0.9691
b = 0.0009
s = 0.0774
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0774) – 1
= 36.31%
April 25, 2023 calculations
Top border of price channel:
Exp(Y861)
= Exp(a + b × X861 + 2 × s)
= Exp(a + b × 1,252 + 2 × s)
= Exp(0.9691 + 0.0009 × 1,252 + 2 × 0.0774)
= Exp(2.2150)
= $9.16
Bottom border of price channel:
Exp(Y861)
= Exp(a + b × X861 – 2 × s)
= Exp(a + b × 1,252 – 2 × s)
= Exp(0.9691 + 0.0009 × 1,252 – 2 × 0.0774)
= Exp(1.9052)
= $6.72
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(0.9691 + 0.0009 × 1,826 + 2 × 0.0774)
= Exp(2.7151)
= $15.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.9691 + 0.0009 × 1,826 – 2 × 0.0774)
= Exp(2.4054)
= $11.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.44% per annum.
- HOPE price at the close of November 19, 2024 was $13.33 and was inside the primary price channel.
Secondary Trend
Start date: April 29, 2024
End date: November 19, 2024
a = -0.1296
b = 0.0015
s = 0.0546
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 72.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0546) – 1
= 24.43%
April 29, 2024 calculations
Top border of price channel:
Exp(Y1,115)
= Exp(a + b × X1,115 + 2 × s)
= Exp(a + b × 1,622 + 2 × s)
= Exp(-0.1296 + 0.0015 × 1,622 + 2 × 0.0546)
= Exp(2.4075)
= $11.11
Bottom border of price channel:
Exp(Y1,115)
= Exp(a + b × X1,115 – 2 × s)
= Exp(a + b × 1,622 – 2 × s)
= Exp(-0.1296 + 0.0015 × 1,622 – 2 × 0.0546)
= Exp(2.1890)
= $8.93
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(-0.1296 + 0.0015 × 1,826 + 2 × 0.0546)
= Exp(2.7129)
= $15.07
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.1296 + 0.0015 × 1,826 – 2 × 0.0546)
= Exp(2.4943)
= $12.11
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 72.69% per annum.
- HOPE price at the close of November 19, 2024 was inside the secondary price channel.