Loews Corp (L)
Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.
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 35.87% per annum.
- L price at the close of April 24, 2025 was $86.24 and was lower than the bottom border of the primary price channel by $13.72 (13.72%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.45% per annum.
- L price at the close of April 24, 2025 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 L 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 8, 2023
End date: May 17, 2024
a = 3.1156
b = 0.0008
s = 0.0210
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0210) – 1
= 8.74%
March 8, 2023 calculations
Top border of price channel:
Exp(Y721)
= Exp(a + b × X721 + 2 × s)
= Exp(a + b × 1,045 + 2 × s)
= Exp(3.1156 + 0.0008 × 1,045 + 2 × 0.0210)
= Exp(4.0352)
= $56.55
Bottom border of price channel:
Exp(Y721)
= Exp(a + b × X721 – 2 × s)
= Exp(a + b × 1,045 – 2 × s)
= Exp(3.1156 + 0.0008 × 1,045 – 2 × 0.0210)
= Exp(3.9513)
= $52.00
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 + 2 × s)
= Exp(a + b × 1,481 + 2 × s)
= Exp(3.1156 + 0.0008 × 1,481 + 2 × 0.0210)
= Exp(4.4013)
= $81.56
Bottom border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 – 2 × s)
= Exp(a + b × 1,481 – 2 × s)
= Exp(3.1156 + 0.0008 × 1,481 – 2 × 0.0210)
= Exp(4.3175)
= $75.00
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.87% per annum.
- L price at the close of April 24, 2025 was $86.24 and was lower than the bottom border of the primary price channel by $13.72 (13.72%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 21, 2023
End date: April 24, 2025
a = 3.6731
b = 0.0004
s = 0.0244
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0244) – 1
= 10.24%
November 21, 2023 calculations
Top border of price channel:
Exp(Y900)
= Exp(a + b × X900 + 2 × s)
= Exp(a + b × 1,303 + 2 × s)
= Exp(3.6731 + 0.0004 × 1,303 + 2 × 0.0244)
= Exp(4.2960)
= $73.40
Bottom border of price channel:
Exp(Y900)
= Exp(a + b × X900 – 2 × s)
= Exp(a + b × 1,303 – 2 × s)
= Exp(3.6731 + 0.0004 × 1,303 – 2 × 0.0244)
= Exp(4.1985)
= $66.59
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.6731 + 0.0004 × 1,823 + 2 × 0.0244)
= Exp(4.5251)
= $92.31
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.6731 + 0.0004 × 1,823 – 2 × 0.0244)
= Exp(4.4276)
= $83.73
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.45% per annum.
- L price at the close of April 24, 2025 was inside the secondary price channel.