Two Harbors Investments Corp (TWO)
Two Harbors Investment Corp. The company is headquartered in Minnetonka, Minnesota.
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 12.07% per annum.
- TWO price at the close of March 31, 2025 was $13.36 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.81% per annum.
- TWO price at the close of March 31, 2025 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 TWO 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: March 15, 2023
End date: March 31, 2025
a = 1.9827
b = 0.0003
s = 0.0629
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0629) – 1
= 28.61%
March 15, 2023 calculations
Top border of price channel:
Exp(Y743)
= Exp(a + b × X743 + 2 × s)
= Exp(a + b × 1,078 + 2 × s)
= Exp(1.9827 + 0.0003 × 1,078 + 2 × 0.0629)
= Exp(2.4450)
= $11.53
Bottom border of price channel:
Exp(Y743)
= Exp(a + b × X743 – 2 × s)
= Exp(a + b × 1,078 – 2 × s)
= Exp(1.9827 + 0.0003 × 1,078 – 2 × 0.0629)
= Exp(2.1934)
= $8.97
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.9827 + 0.0003 × 1,825 + 2 × 0.0629)
= Exp(2.6781)
= $14.56
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.9827 + 0.0003 × 1,825 – 2 × 0.0629)
= Exp(2.4265)
= $11.32
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 12.07% per annum.
- TWO price at the close of March 31, 2025 was $13.36 and was inside the primary price channel.
Secondary Trend
Start date: November 12, 2024
End date: March 31, 2025
a = -0.9150
b = 0.0020
s = 0.0357
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 103.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0357) – 1
= 15.37%
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,162)
= Exp(a + b × X1,162 + 2 × s)
= Exp(a + b × 1,686 + 2 × s)
= Exp(-0.9150 + 0.0020 × 1,686 + 2 × 0.0357)
= Exp(2.4454)
= $11.54
Bottom border of price channel:
Exp(Y1,162)
= Exp(a + b × X1,162 – 2 × s)
= Exp(a + b × 1,686 – 2 × s)
= Exp(-0.9150 + 0.0020 × 1,686 – 2 × 0.0357)
= Exp(2.3025)
= $10.00
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-0.9150 + 0.0020 × 1,825 + 2 × 0.0357)
= Exp(2.7166)
= $15.13
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-0.9150 + 0.0020 × 1,825 – 2 × 0.0357)
= Exp(2.5736)
= $13.11
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.81% per annum.
- TWO price at the close of March 31, 2025 was inside the secondary price channel.