Bank Ozk (OZK)
Bank OZK offers a variety of retail and commercial banking services. The company is headquartered in Little Rock, Arkansas.
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 3.13% per annum.
- OZK price at the close of November 19, 2024 was $47.95 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.10% per annum.
- OZK 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 OZK 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: February 4, 2021
End date: November 5, 2024
a = 3.5726
b = 0.0001
s = 0.0904
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0904) – 1
= 43.57%
February 4, 2021 calculations
Top border of price channel:
Exp(Y303)
= Exp(a + b × X303 + 2 × s)
= Exp(a + b × 442 + 2 × s)
= Exp(3.5726 + 0.0001 × 442 + 2 × 0.0904)
= Exp(3.7907)
= $44.29
Bottom border of price channel:
Exp(Y303)
= Exp(a + b × X303 – 2 × s)
= Exp(a + b × 442 – 2 × s)
= Exp(3.5726 + 0.0001 × 442 – 2 × 0.0904)
= Exp(3.4290)
= $30.85
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(3.5726 + 0.0001 × 1,812 + 2 × 0.0904)
= Exp(3.9062)
= $49.71
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(3.5726 + 0.0001 × 1,812 – 2 × 0.0904)
= Exp(3.5445)
= $34.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3.13% per annum.
- OZK price at the close of November 19, 2024 was $47.95 and was inside the primary price channel.
Secondary Trend
Start date: March 9, 2023
End date: November 19, 2024
a = 2.9965
b = 0.0005
s = 0.0864
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0864) – 1
= 41.27%
March 9, 2023 calculations
Top border of price channel:
Exp(Y829)
= Exp(a + b × X829 + 2 × s)
= Exp(a + b × 1,205 + 2 × s)
= Exp(2.9965 + 0.0005 × 1,205 + 2 × 0.0864)
= Exp(3.7184)
= $41.20
Bottom border of price channel:
Exp(Y829)
= Exp(a + b × X829 – 2 × s)
= Exp(a + b × 1,205 – 2 × s)
= Exp(2.9965 + 0.0005 × 1,205 – 2 × 0.0864)
= Exp(3.3730)
= $29.17
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(2.9965 + 0.0005 × 1,826 + 2 × 0.0864)
= Exp(4.0015)
= $54.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9965 + 0.0005 × 1,826 – 2 × 0.0864)
= Exp(3.6560)
= $38.71
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.10% per annum.
- OZK price at the close of November 19, 2024 was inside the secondary price channel.