Synovus Financial Corp (SNV)
Synovus Financial Corp. The company is headquartered in Columbus, Georgia.
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 64.22% per annum.
- SNV price at the close of November 19, 2024 was $55.19 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 694.14% per annum.
- SNV 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 SNV 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 16, 2023
End date: November 19, 2024
a = 1.4316
b = 0.0014
s = 0.0802
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 64.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0802) – 1
= 37.83%
August 16, 2023 calculations
Top border of price channel:
Exp(Y939)
= Exp(a + b × X939 + 2 × s)
= Exp(a + b × 1,365 + 2 × s)
= Exp(1.4316 + 0.0014 × 1,365 + 2 × 0.0802)
= Exp(3.4472)
= $31.41
Bottom border of price channel:
Exp(Y939)
= Exp(a + b × X939 – 2 × s)
= Exp(a + b × 1,365 – 2 × s)
= Exp(1.4316 + 0.0014 × 1,365 – 2 × 0.0802)
= Exp(3.1263)
= $22.79
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(1.4316 + 0.0014 × 1,826 + 2 × 0.0802)
= Exp(4.0737)
= $58.78
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4316 + 0.0014 × 1,826 – 2 × 0.0802)
= Exp(3.7529)
= $42.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 64.22% per annum.
- SNV price at the close of November 19, 2024 was $55.19 and was inside the primary price channel.
Secondary Trend
Start date: September 24, 2024
End date: November 19, 2024
a = -6.3157
b = 0.0057
s = 0.0399
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0057) – 1
= 694.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0399) – 1
= 17.31%
September 24, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(-6.3157 + 0.0057 × 1,770 + 2 × 0.0399)
= Exp(3.8124)
= $45.26
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(-6.3157 + 0.0057 × 1,770 – 2 × 0.0399)
= Exp(3.6527)
= $38.58
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(-6.3157 + 0.0057 × 1,826 + 2 × 0.0399)
= Exp(4.1303)
= $62.20
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.3157 + 0.0057 × 1,826 – 2 × 0.0399)
= Exp(3.9707)
= $53.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 694.14% per annum.
- SNV price at the close of November 19, 2024 was inside the secondary price channel.