Washington Federal Inc (WAFD)
Washington Federal, Inc. is the banking holding company for Washington Federal Bank, a National Association that provides loans, deposits, insurance, and other banking services in the United States. The company is headquartered in Seattle, Washington.
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 66.43% per annum.
- WAFD price at the close of November 19, 2024 was $35.95 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.47% per annum.
- WAFD 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 WAFD 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 22, 2024
End date: November 19, 2024
a = 1.0676
b = 0.0014
s = 0.0614
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0614) – 1
= 27.85%
February 22, 2024 calculations
Top border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 + 2 × s)
= Exp(a + b × 1,555 + 2 × s)
= Exp(1.0676 + 0.0014 × 1,555 + 2 × 0.0614)
= Exp(3.3606)
= $28.81
Bottom border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 – 2 × s)
= Exp(a + b × 1,555 – 2 × s)
= Exp(1.0676 + 0.0014 × 1,555 – 2 × 0.0614)
= Exp(3.1149)
= $22.53
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(1.0676 + 0.0014 × 1,826 + 2 × 0.0614)
= Exp(3.7388)
= $42.05
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0676 + 0.0014 × 1,826 – 2 × 0.0614)
= Exp(3.4931)
= $32.89
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.43% per annum.
- WAFD price at the close of November 19, 2024 was $35.95 and was inside the primary price channel.
Secondary Trend
Start date: July 17, 2024
End date: November 19, 2024
a = 2.9021
b = 0.0004
s = 0.0354
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0354) – 1
= 15.21%
July 17, 2024 calculations
Top border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 + 2 × s)
= Exp(a + b × 1,701 + 2 × s)
= Exp(2.9021 + 0.0004 × 1,701 + 2 × 0.0354)
= Exp(3.6026)
= $36.69
Bottom border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 – 2 × s)
= Exp(a + b × 1,701 – 2 × s)
= Exp(2.9021 + 0.0004 × 1,701 – 2 × 0.0354)
= Exp(3.4610)
= $31.85
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(2.9021 + 0.0004 × 1,826 + 2 × 0.0354)
= Exp(3.6489)
= $38.43
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9021 + 0.0004 × 1,826 – 2 × 0.0354)
= Exp(3.5073)
= $33.36
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.47% per annum.
- WAFD price at the close of November 19, 2024 was inside the secondary price channel.