Allete Inc (ALE)
ALLETE, Inc. is an energy company. The company is headquartered in Duluth, 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 18.27% per annum.
- ALE price at the close of May 7, 2025 was $65.67 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.22% per annum.
- ALE price at the close of May 7, 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 ALE 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: July 27, 2023
End date: April 4, 2025
a = 3.3908
b = 0.0005
s = 0.0308
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0308) – 1
= 13.10%
July 27, 2023 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,175 + 2 × s)
= Exp(3.3908 + 0.0005 × 1,175 + 2 × 0.0308)
= Exp(3.9926)
= $54.19
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,175 – 2 × s)
= Exp(3.3908 + 0.0005 × 1,175 – 2 × 0.0308)
= Exp(3.8695)
= $47.92
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(3.3908 + 0.0005 × 1,792 + 2 × 0.0308)
= Exp(4.2763)
= $71.97
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(3.3908 + 0.0005 × 1,792 – 2 × 0.0308)
= Exp(4.1532)
= $63.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 18.27% per annum.
- ALE price at the close of May 7, 2025 was $65.67 and was inside the primary price channel.
Secondary Trend
Start date: May 3, 2024
End date: May 7, 2025
a = 3.7500
b = 0.0002
s = 0.0073
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 9.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0073) – 1
= 2.97%
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,003)
= Exp(a + b × X1,003 + 2 × s)
= Exp(a + b × 1,456 + 2 × s)
= Exp(3.7500 + 0.0002 × 1,456 + 2 × 0.0073)
= Exp(4.1166)
= $61.35
Bottom border of price channel:
Exp(Y1,003)
= Exp(a + b × X1,003 – 2 × s)
= Exp(a + b × 1,456 – 2 × s)
= Exp(3.7500 + 0.0002 × 1,456 – 2 × 0.0073)
= Exp(4.0873)
= $59.58
May 7, 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(3.7500 + 0.0002 × 1,825 + 2 × 0.0073)
= Exp(4.2058)
= $67.07
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.7500 + 0.0002 × 1,825 – 2 × 0.0073)
= Exp(4.1765)
= $65.14
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.22% per annum.
- ALE price at the close of May 7, 2025 was inside the secondary price channel.