Park National Corporation (PRK)
Park National Corporation is the bank holding company for Park National Bank providing commercial banking and trust services in small and medium population areas. The company is headquartered in Newark, Ohio.
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 70.45% per annum.
- PRK price at the close of November 19, 2024 was $190.11 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 336.58% per annum.
- PRK 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 PRK 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: August 14, 2023
End date: November 19, 2024
a = 2.5436
b = 0.0015
s = 0.0654
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0654) – 1
= 29.89%
August 14, 2023 calculations
Top border of price channel:
Exp(Y937)
= Exp(a + b × X937 + 2 × s)
= Exp(a + b × 1,363 + 2 × s)
= Exp(2.5436 + 0.0015 × 1,363 + 2 × 0.0654)
= Exp(4.6657)
= $106.24
Bottom border of price channel:
Exp(Y937)
= Exp(a + b × X937 – 2 × s)
= Exp(a + b × 1,363 – 2 × s)
= Exp(2.5436 + 0.0015 × 1,363 – 2 × 0.0654)
= Exp(4.4042)
= $81.79
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(2.5436 + 0.0015 × 1,826 + 2 × 0.0654)
= Exp(5.3422)
= $208.97
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5436 + 0.0015 × 1,826 – 2 × 0.0654)
= Exp(5.0806)
= $160.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 70.45% per annum.
- PRK price at the close of November 19, 2024 was $190.11 and was inside the primary price channel.
Secondary Trend
Start date: October 1, 2024
End date: November 19, 2024
a = -2.1078
b = 0.0040
s = 0.0372
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0040) – 1
= 336.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0372) – 1
= 16.05%
October 1, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,777 + 2 × s)
= Exp(-2.1078 + 0.0040 × 1,777 + 2 × 0.0372)
= Exp(5.1418)
= $171.03
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,777 – 2 × s)
= Exp(-2.1078 + 0.0040 × 1,777 – 2 × 0.0372)
= Exp(4.9929)
= $147.37
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(-2.1078 + 0.0040 × 1,826 + 2 × 0.0372)
= Exp(5.3397)
= $208.44
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.1078 + 0.0040 × 1,826 – 2 × 0.0372)
= Exp(5.1908)
= $179.61
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 336.58% per annum.
- PRK price at the close of November 19, 2024 was inside the secondary price channel.