ADEIA CORP (ADEA)
Adeia Inc., is a global consumer and entertainment products/solutions licensing company. The company is headquartered in San Jose, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 58.37% per annum.
- ADEA price at the close of May 8, 2024 was $11.19 and was higher than the top border of the primary price channel by $0.92 (8.98%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 169.85% per annum.
- ADEA price at the close of May 8, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 ADEA 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: January 23, 2024
End date: May 6, 2024
a = 6.6601
b = -0.0024
s = 0.0266
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0024) – 1
= -58.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0266) – 1
= 11.22%
January 23, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(6.6601 + -0.0024 × 1,720 + 2 × 0.0266)
= Exp(2.5835)
= $13.24
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(6.6601 + -0.0024 × 1,720 – 2 × 0.0266)
= Exp(2.4772)
= $11.91
May 6, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(6.6601 + -0.0024 × 1,824 + 2 × 0.0266)
= Exp(2.3338)
= $10.32
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.6601 + -0.0024 × 1,824 – 2 × 0.0266)
= Exp(2.2275)
= $9.28
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 58.37% per annum.
- ADEA price at the close of May 8, 2024 was $11.19 and was higher than the top border of the primary price channel by $0.92 (8.98%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 16, 2024
End date: May 8, 2024
a = -2.6189
b = 0.0027
s = 0.0342
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 169.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0342) – 1
= 14.66%
April 16, 2024 calculations
Top border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(-2.6189 + 0.0027 × 1,804 + 2 × 0.0342)
= Exp(2.3559)
= $10.55
Bottom border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(-2.6189 + 0.0027 × 1,804 – 2 × 0.0342)
= Exp(2.2191)
= $9.20
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-2.6189 + 0.0027 × 1,826 + 2 × 0.0342)
= Exp(2.4157)
= $11.20
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.6189 + 0.0027 × 1,826 – 2 × 0.0342)
= Exp(2.2789)
= $9.77
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 169.85% per annum.
- ADEA price at the close of May 8, 2024 was inside the secondary price channel.