Northwest Bancshares Inc (NWBI)
Northwest Bancshares, Inc. is a Northwest Bank holding company offering a variety of personal and business banking solutions. The company is headquartered in Warren, Pennsylvania.
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 66.28% per annum.
- NWBI price at the close of November 19, 2024 was $14.43 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 21.27% per annum.
- NWBI 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 NWBI 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 13, 2024
End date: November 19, 2024
a = 0.1117
b = 0.0014
s = 0.0521
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0521) – 1
= 23.19%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(0.1117 + 0.0014 × 1,575 + 2 × 0.0521)
= Exp(2.4103)
= $11.14
Bottom border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(0.1117 + 0.0014 × 1,575 – 2 × 0.0521)
= Exp(2.2017)
= $9.04
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(0.1117 + 0.0014 × 1,826 + 2 × 0.0521)
= Exp(2.7600)
= $15.80
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.1117 + 0.0014 × 1,826 – 2 × 0.0521)
= Exp(2.5514)
= $12.83
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.28% per annum.
- NWBI price at the close of November 19, 2024 was $14.43 and was inside the primary price channel.
Secondary Trend
Start date: July 16, 2024
End date: November 19, 2024
a = 1.6551
b = 0.0005
s = 0.0390
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 21.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0390) – 1
= 16.86%
July 16, 2024 calculations
Top border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 + 2 × s)
= Exp(a + b × 1,700 + 2 × s)
= Exp(1.6551 + 0.0005 × 1,700 + 2 × 0.0390)
= Exp(2.6310)
= $13.89
Bottom border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 – 2 × s)
= Exp(a + b × 1,700 – 2 × s)
= Exp(1.6551 + 0.0005 × 1,700 – 2 × 0.0390)
= Exp(2.4752)
= $11.88
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(1.6551 + 0.0005 × 1,826 + 2 × 0.0390)
= Exp(2.6976)
= $14.84
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.6551 + 0.0005 × 1,826 – 2 × 0.0390)
= Exp(2.5418)
= $12.70
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 21.27% per annum.
- NWBI price at the close of November 19, 2024 was inside the secondary price channel.