The Bancorp Inc (TBBK)
The Bancorp, Inc. is the financial holding company of The Bancorp Bank offering banking products and services in the United States. The company is headquartered in Wilmington, Delaware.
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 18.20% per annum.
- TBBK price at the close of November 19, 2024 was $54.95 and was higher than the top border of the primary price channel by $1.18 (2.19%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 222.54% per annum.
- TBBK 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 TBBK 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 2, 2021
End date: July 12, 2024
a = 2.8684
b = 0.0005
s = 0.1400
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1400) – 1
= 75.07%
February 2, 2021 calculations
Top border of price channel:
Exp(Y301)
= Exp(a + b × X301 + 2 × s)
= Exp(a + b × 440 + 2 × s)
= Exp(2.8684 + 0.0005 × 440 + 2 × 0.1400)
= Exp(3.3499)
= $28.50
Bottom border of price channel:
Exp(Y301)
= Exp(a + b × X301 – 2 × s)
= Exp(a + b × 440 – 2 × s)
= Exp(2.8684 + 0.0005 × 440 – 2 × 0.1400)
= Exp(2.7899)
= $16.28
July 12, 2024 calculations
Top border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 + 2 × s)
= Exp(a + b × 1,696 + 2 × s)
= Exp(2.8684 + 0.0005 × 1,696 + 2 × 0.1400)
= Exp(3.9253)
= $50.67
Bottom border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 – 2 × s)
= Exp(a + b × 1,696 – 2 × s)
= Exp(2.8684 + 0.0005 × 1,696 – 2 × 0.1400)
= Exp(3.3652)
= $28.94
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 18.20% per annum.
- TBBK price at the close of November 19, 2024 was $54.95 and was higher than the top border of the primary price channel by $1.18 (2.19%).
Secondary Trend
Start date: March 21, 2024
End date: October 24, 2024
a = -1.7146
b = 0.0032
s = 0.0778
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0032) – 1
= 222.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0778) – 1
= 36.51%
March 21, 2024 calculations
Top border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 + 2 × s)
= Exp(a + b × 1,583 + 2 × s)
= Exp(-1.7146 + 0.0032 × 1,583 + 2 × 0.0778)
= Exp(3.5199)
= $33.78
Bottom border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 – 2 × s)
= Exp(a + b × 1,583 – 2 × s)
= Exp(-1.7146 + 0.0032 × 1,583 – 2 × 0.0778)
= Exp(3.2087)
= $24.75
October 24, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(-1.7146 + 0.0032 × 1,800 + 2 × 0.0778)
= Exp(4.2161)
= $67.77
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(-1.7146 + 0.0032 × 1,800 – 2 × 0.0778)
= Exp(3.9049)
= $49.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 222.54% per annum.
- TBBK price at the close of November 19, 2024 was inside the secondary price channel.