SouthState Corporation (SSB)
South State Corporation is the banking holding company for South State Bank offering a range of banking products and services. The company is headquartered in Winter Haven, Florida.
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 31.31% per annum.
- SSB price at the close of November 19, 2024 was $105.09 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 116.66% per annum.
- SSB 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 SSB 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: April 5, 2023
End date: November 19, 2024
a = 3.2014
b = 0.0007
s = 0.0713
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 31.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0713) – 1
= 33.00%
April 5, 2023 calculations
Top border of price channel:
Exp(Y848)
= Exp(a + b × X848 + 2 × s)
= Exp(a + b × 1,232 + 2 × s)
= Exp(3.2014 + 0.0007 × 1,232 + 2 × 0.0713)
= Exp(4.2633)
= $71.05
Bottom border of price channel:
Exp(Y848)
= Exp(a + b × X848 – 2 × s)
= Exp(a + b × 1,232 – 2 × s)
= Exp(3.2014 + 0.0007 × 1,232 – 2 × 0.0713)
= Exp(3.9782)
= $53.42
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(3.2014 + 0.0007 × 1,826 + 2 × 0.0713)
= Exp(4.7066)
= $110.67
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.2014 + 0.0007 × 1,826 – 2 × 0.0713)
= Exp(4.4214)
= $83.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 31.31% per annum.
- SSB price at the close of November 19, 2024 was $105.09 and was inside the primary price channel.
Secondary Trend
Start date: May 22, 2024
End date: November 19, 2024
a = 0.8125
b = 0.0021
s = 0.0555
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 116.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0555) – 1
= 24.87%
May 22, 2024 calculations
Top border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 + 2 × s)
= Exp(a + b × 1,645 + 2 × s)
= Exp(0.8125 + 0.0021 × 1,645 + 2 × 0.0555)
= Exp(4.4080)
= $82.11
Bottom border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 – 2 × s)
= Exp(a + b × 1,645 – 2 × s)
= Exp(0.8125 + 0.0021 × 1,645 – 2 × 0.0555)
= Exp(4.1859)
= $65.75
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(0.8125 + 0.0021 × 1,826 + 2 × 0.0555)
= Exp(4.7914)
= $120.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.8125 + 0.0021 × 1,826 – 2 × 0.0555)
= Exp(4.5693)
= $96.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 116.66% per annum.
- SSB price at the close of November 19, 2024 was inside the secondary price channel.