Jackson Financial Inc (JXN)
None
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 154.81% per annum.
- JXN price at the close of November 19, 2024 was $99.46 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 111.56% per annum.
- JXN 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 JXN 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 10, 2023
End date: November 19, 2024
a = 1.6755
b = 0.0026
s = 0.0555
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 154.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0555) – 1
= 24.87%
May 10, 2023 calculations
Top border of price channel:
Exp(Y424)
= Exp(a + b × X424 + 2 × s)
= Exp(a + b × 616 + 2 × s)
= Exp(1.6755 + 0.0026 × 616 + 2 × 0.0555)
= Exp(3.3651)
= $28.94
Bottom border of price channel:
Exp(Y424)
= Exp(a + b × X424 – 2 × s)
= Exp(a + b × 616 – 2 × s)
= Exp(1.6755 + 0.0026 × 616 – 2 × 0.0555)
= Exp(3.1430)
= $23.17
November 19, 2024 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,175 + 2 × s)
= Exp(1.6755 + 0.0026 × 1,175 + 2 × 0.0555)
= Exp(4.7976)
= $121.21
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,175 – 2 × s)
= Exp(1.6755 + 0.0026 × 1,175 – 2 × 0.0555)
= Exp(4.5755)
= $97.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 154.81% per annum.
- JXN price at the close of November 19, 2024 was $99.46 and was inside the primary price channel.
Secondary Trend
Start date: March 12, 2024
End date: November 19, 2024
a = 2.2213
b = 0.0021
s = 0.0485
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 111.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0485) – 1
= 21.41%
March 12, 2024 calculations
Top border of price channel:
Exp(Y634)
= Exp(a + b × X634 + 2 × s)
= Exp(a + b × 923 + 2 × s)
= Exp(2.2213 + 0.0021 × 923 + 2 × 0.0485)
= Exp(4.2132)
= $67.57
Bottom border of price channel:
Exp(Y634)
= Exp(a + b × X634 – 2 × s)
= Exp(a + b × 923 – 2 × s)
= Exp(2.2213 + 0.0021 × 923 – 2 × 0.0485)
= Exp(4.0192)
= $55.66
November 19, 2024 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,175 + 2 × s)
= Exp(2.2213 + 0.0021 × 1,175 + 2 × 0.0485)
= Exp(4.7306)
= $113.36
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,175 – 2 × s)
= Exp(2.2213 + 0.0021 × 1,175 – 2 × 0.0485)
= Exp(4.5366)
= $93.37
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 111.56% per annum.
- JXN price at the close of November 19, 2024 was inside the secondary price channel.