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 36.04% per annum.
- L price at the close of April 2, 2025 was $92.03 and was lower than the bottom border of the primary price channel by $6.33 (6.44%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.69% per annum.
- L price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $0.76 (0.83%).
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 9, 2023
End date: May 17, 2024
a = 3.0908
b = 0.0008
s = 0.0205
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 36.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0205) – 1
= 8.56%
March 9, 2023 calculations
Top border of price channel:
Exp(Y737)
= Exp(a + b × X737 + 2 × s)
= Exp(a + b × 1,070 + 2 × s)
= Exp(3.0908 + 0.0008 × 1,070 + 2 × 0.0205)
= Exp(4.0342)
= $56.50
Bottom border of price channel:
Exp(Y737)
= Exp(a + b × X737 – 2 × s)
= Exp(a + b × 1,070 – 2 × s)
= Exp(3.0908 + 0.0008 × 1,070 – 2 × 0.0205)
= Exp(3.9520)
= $52.04
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,037)
= Exp(a + b × X1,037 + 2 × s)
= Exp(a + b × 1,505 + 2 × s)
= Exp(3.0908 + 0.0008 × 1,505 + 2 × 0.0205)
= Exp(4.4010)
= $81.53
Bottom border of price channel:
Exp(Y1,037)
= Exp(a + b × X1,037 – 2 × s)
= Exp(a + b × 1,505 – 2 × s)
= Exp(3.0908 + 0.0008 × 1,505 – 2 × 0.0205)
= Exp(4.3188)
= $75.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.04% per annum.
- L price at the close of April 2, 2025 was $92.03 and was lower than the bottom border of the primary price channel by $6.33 (6.44%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 21, 2023
End date: March 25, 2025
a = 3.6541
b = 0.0004
s = 0.0227
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0227) – 1
= 9.50%
November 21, 2023 calculations
Top border of price channel:
Exp(Y915)
= Exp(a + b × X915 + 2 × s)
= Exp(a + b × 1,327 + 2 × s)
= Exp(3.6541 + 0.0004 × 1,327 + 2 × 0.0227)
= Exp(4.2916)
= $73.08
Bottom border of price channel:
Exp(Y915)
= Exp(a + b × X915 – 2 × s)
= Exp(a + b × 1,327 – 2 × s)
= Exp(3.6541 + 0.0004 × 1,327 – 2 × 0.0227)
= Exp(4.2009)
= $66.74
March 25, 2025 calculations
Top border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,817 + 2 × s)
= Exp(3.6541 + 0.0004 × 1,817 + 2 × 0.0227)
= Exp(4.5103)
= $90.94
Bottom border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,817 – 2 × s)
= Exp(3.6541 + 0.0004 × 1,817 – 2 × 0.0227)
= Exp(4.4195)
= $83.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.69% per annum.
- L price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $0.76 (0.83%).