International Bancshares Corporation (IBOC)
International Bancshares Corporation, a multi-bank financial holding company, provides commercial and retail banking services. The company is headquartered in Laredo, Texas.
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 35.81% per annum.
- IBOC price at the close of November 19, 2024 was $70.66 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 318.41% per annum.
- IBOC 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 IBOC 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 22, 2023
End date: November 19, 2024
a = 2.6454
b = 0.0008
s = 0.0546
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0546) – 1
= 24.42%
March 22, 2023 calculations
Top border of price channel:
Exp(Y838)
= Exp(a + b × X838 + 2 × s)
= Exp(a + b × 1,218 + 2 × s)
= Exp(2.6454 + 0.0008 × 1,218 + 2 × 0.0546)
= Exp(3.7760)
= $43.64
Bottom border of price channel:
Exp(Y838)
= Exp(a + b × X838 – 2 × s)
= Exp(a + b × 1,218 – 2 × s)
= Exp(2.6454 + 0.0008 × 1,218 – 2 × 0.0546)
= Exp(3.5575)
= $35.08
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(2.6454 + 0.0008 × 1,826 + 2 × 0.0546)
= Exp(4.2859)
= $72.67
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.6454 + 0.0008 × 1,826 – 2 × 0.0546)
= Exp(4.0673)
= $58.40
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.81% per annum.
- IBOC price at the close of November 19, 2024 was $70.66 and was inside the primary price channel.
Secondary Trend
Start date: September 25, 2024
End date: November 19, 2024
a = -2.9005
b = 0.0039
s = 0.0405
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0039) – 1
= 318.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0405) – 1
= 17.61%
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(-2.9005 + 0.0039 × 1,771 + 2 × 0.0405)
= Exp(4.1253)
= $61.89
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(-2.9005 + 0.0039 × 1,771 – 2 × 0.0405)
= Exp(3.9631)
= $52.62
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(-2.9005 + 0.0039 × 1,826 + 2 × 0.0405)
= Exp(4.3410)
= $76.78
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.9005 + 0.0039 × 1,826 – 2 × 0.0405)
= Exp(4.1788)
= $65.29
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 318.41% per annum.
- IBOC price at the close of November 19, 2024 was inside the secondary price channel.