Zions Bancorporation (ZION)
Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah.
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 52.89% per annum.
- ZION price at the close of November 19, 2024 was $58.83 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 579.13% per annum.
- ZION 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 ZION 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 13, 2023
End date: November 19, 2024
a = 1.8473
b = 0.0012
s = 0.0873
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0873) – 1
= 41.77%
March 13, 2023 calculations
Top border of price channel:
Exp(Y831)
= Exp(a + b × X831 + 2 × s)
= Exp(a + b × 1,209 + 2 × s)
= Exp(1.8473 + 0.0012 × 1,209 + 2 × 0.0873)
= Exp(3.4280)
= $30.82
Bottom border of price channel:
Exp(Y831)
= Exp(a + b × X831 – 2 × s)
= Exp(a + b × 1,209 – 2 × s)
= Exp(1.8473 + 0.0012 × 1,209 – 2 × 0.0873)
= Exp(3.0790)
= $21.74
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(1.8473 + 0.0012 × 1,826 + 2 × 0.0873)
= Exp(4.1457)
= $63.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8473 + 0.0012 × 1,826 – 2 × 0.0873)
= Exp(3.7966)
= $44.55
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.89% per annum.
- ZION price at the close of November 19, 2024 was $58.83 and was inside the primary price channel.
Secondary Trend
Start date: September 25, 2024
End date: November 19, 2024
a = -5.4970
b = 0.0052
s = 0.0314
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0052) – 1
= 579.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0314) – 1
= 13.39%
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(-5.4970 + 0.0052 × 1,771 + 2 × 0.0314)
= Exp(3.8607)
= $47.50
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(-5.4970 + 0.0052 × 1,771 – 2 × 0.0314)
= Exp(3.7350)
= $41.89
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(-5.4970 + 0.0052 × 1,826 + 2 × 0.0314)
= Exp(4.1493)
= $63.39
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.4970 + 0.0052 × 1,826 – 2 × 0.0314)
= Exp(4.0236)
= $55.90
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 579.13% per annum.
- ZION price at the close of November 19, 2024 was inside the secondary price channel.