Analog Devices Inc (ADI)
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing and power management technology, headquartered in Wilmington, Massachusetts.
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 1.18% per annum.
- ADI price at the close of April 26, 2024 was $201.97 and was higher than the top border of the primary price channel by $20.80 (11.48%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.70% per annum.
- ADI price at the close of April 26, 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 ADI 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: December 30, 2020
End date: January 31, 2023
a = 5.0111
b = 0.0000
s = 0.0649
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0649) – 1
= 29.67%
December 30, 2020 calculations
Top border of price channel:
Exp(Y423)
= Exp(a + b × X423 + 2 × s)
= Exp(a + b × 611 + 2 × s)
= Exp(5.0111 + 0.0000 × 611 + 2 × 0.0649)
= Exp(5.1606)
= $174.27
Bottom border of price channel:
Exp(Y423)
= Exp(a + b × X423 – 2 × s)
= Exp(a + b × 611 – 2 × s)
= Exp(5.0111 + 0.0000 × 611 – 2 × 0.0649)
= Exp(4.9008)
= $134.40
January 31, 2023 calculations
Top border of price channel:
Exp(Y947)
= Exp(a + b × X947 + 2 × s)
= Exp(a + b × 1,373 + 2 × s)
= Exp(5.0111 + 0.0000 × 1,373 + 2 × 0.0649)
= Exp(5.1850)
= $178.57
Bottom border of price channel:
Exp(Y947)
= Exp(a + b × X947 – 2 × s)
= Exp(a + b × 1,373 – 2 × s)
= Exp(5.0111 + 0.0000 × 1,373 – 2 × 0.0649)
= Exp(4.9252)
= $137.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.18% per annum.
- ADI price at the close of April 26, 2024 was $201.97 and was higher than the top border of the primary price channel by $20.80 (11.48%).
Secondary Trend
Start date: January 20, 2022
End date: April 26, 2024
a = 4.6335
b = 0.0004
s = 0.0639
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 13.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0639) – 1
= 29.11%
January 20, 2022 calculations
Top border of price channel:
Exp(Y689)
= Exp(a + b × X689 + 2 × s)
= Exp(a + b × 997 + 2 × s)
= Exp(4.6335 + 0.0004 × 997 + 2 × 0.0639)
= Exp(5.1120)
= $166.00
Bottom border of price channel:
Exp(Y689)
= Exp(a + b × X689 – 2 × s)
= Exp(a + b × 997 – 2 × s)
= Exp(4.6335 + 0.0004 × 997 – 2 × 0.0639)
= Exp(4.8565)
= $128.58
April 26, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.6335 + 0.0004 × 1,824 + 2 × 0.0639)
= Exp(5.4029)
= $222.05
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.6335 + 0.0004 × 1,824 – 2 × 0.0639)
= Exp(5.1475)
= $171.99
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.70% per annum.
- ADI price at the close of April 26, 2024 was inside the secondary price channel.