Insperity Inc (NSP)
Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company is headquartered in Kingwood, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.65% per annum.
- NSP price at the close of November 19, 2024 was $72.51 and was lower than the bottom border of the primary price channel by $4.71 (6.10%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.56% per annum.
- NSP price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $1.80 (2.43%).
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 NSP 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: October 31, 2022
End date: November 19, 2024
a = 5.1718
b = -0.0004
s = 0.0743
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0743) – 1
= 34.61%
October 31, 2022 calculations
Top border of price channel:
Exp(Y741)
= Exp(a + b × X741 + 2 × s)
= Exp(a + b × 1,076 + 2 × s)
= Exp(5.1718 + -0.0004 × 1,076 + 2 × 0.0743)
= Exp(4.9217)
= $137.24
Bottom border of price channel:
Exp(Y741)
= Exp(a + b × X741 – 2 × s)
= Exp(a + b × 1,076 – 2 × s)
= Exp(5.1718 + -0.0004 × 1,076 – 2 × 0.0743)
= Exp(4.6245)
= $101.96
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(5.1718 + -0.0004 × 1,826 + 2 × 0.0743)
= Exp(4.6439)
= $103.95
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.1718 + -0.0004 × 1,826 – 2 × 0.0743)
= Exp(4.3467)
= $77.22
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.65% per annum.
- NSP price at the close of November 19, 2024 was $72.51 and was lower than the bottom border of the primary price channel by $4.71 (6.10%).
Secondary Trend
Start date: November 20, 2023
End date: November 19, 2024
a = 6.0955
b = -0.0009
s = 0.0524
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0524) – 1
= 23.34%
November 20, 2023 calculations
Top border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 + 2 × s)
= Exp(a + b × 1,461 + 2 × s)
= Exp(6.0955 + -0.0009 × 1,461 + 2 × 0.0524)
= Exp(4.8543)
= $128.30
Bottom border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 – 2 × s)
= Exp(a + b × 1,461 – 2 × s)
= Exp(6.0955 + -0.0009 × 1,461 – 2 × 0.0524)
= Exp(4.6446)
= $104.02
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(6.0955 + -0.0009 × 1,826 + 2 × 0.0524)
= Exp(4.5181)
= $91.66
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.0955 + -0.0009 × 1,826 – 2 × 0.0524)
= Exp(4.3083)
= $74.31
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.56% per annum.
- NSP price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $1.80 (2.43%).