# Adtalem Global Education Inc (ATGE)

Adtalem Global Education Inc. provides educational services worldwide. The company is headquartered in Chicago, Illinois.

## 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 38.25% per annum.
• ATGE price at the close of September 16, 2024 was \$73.50 and was inside the primary price channel.
• The secondary trend is increasing.
• The growth rate of the secondary trend is 153.23% per annum.
• ATGE price at the close of September 16, 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 ATGE 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: November 29, 2021
End date: September 16, 2024

a = 2.5773

b = 0.0009

s = 0.1152

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.25%

Exp(4 × s) – 1
= Exp(4 × 0.1152) – 1
= 58.51%

#### November 29, 2021 calculations

Top border of price channel:

Exp(Y555)
= Exp(a + b × X555 + 2 × s)
= Exp(a + b × 804 + 2 × s)
= Exp(2.5773 + 0.0009 × 804 + 2 × 0.1152)
= Exp(3.5211)
= \$33.82

Bottom border of price channel:

Exp(Y555)
= Exp(a + b × X555 – 2 × s)
= Exp(a + b × 804 – 2 × s)
= Exp(2.5773 + 0.0009 × 804 – 2 × 0.1152)
= Exp(3.0605)
= \$21.34

#### September 16, 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(2.5773 + 0.0009 × 1,826 + 2 × 0.1152)
= Exp(4.4280)
= \$83.77

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5773 + 0.0009 × 1,826 – 2 × 0.1152)
= Exp(3.9674)
= \$52.85

#### Description

• The primary trend is increasing.
• The growth rate of the primary trend is 38.25% per annum.
• ATGE price at the close of September 16, 2024 was \$73.50 and was inside the primary price channel.

### Secondary Trend

Start date: February 1, 2024
End date: September 16, 2024

a = -0.2582

b = 0.0025

s = 0.0782

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 153.23%

Exp(4 × s) – 1
= Exp(4 × 0.0782) – 1
= 36.73%

#### February 1, 2024 calculations

Top border of price channel:

Exp(Y1,101)
= Exp(a + b × X1,101 + 2 × s)
= Exp(a + b × 1,598 + 2 × s)
= Exp(-0.2582 + 0.0025 × 1,598 + 2 × 0.0782)
= Exp(3.9661)
= \$52.78

Bottom border of price channel:

Exp(Y1,101)
= Exp(a + b × X1,101 – 2 × s)
= Exp(a + b × 1,598 – 2 × s)
= Exp(-0.2582 + 0.0025 × 1,598 – 2 × 0.0782)
= Exp(3.6533)
= \$38.60

#### September 16, 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(-0.2582 + 0.0025 × 1,826 + 2 × 0.0782)
= Exp(4.5465)
= \$94.30

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.2582 + 0.0025 × 1,826 – 2 × 0.0782)
= Exp(4.2337)
= \$68.97

#### Description

• The secondary trend is increasing.
• The growth rate of the secondary trend is 153.23% per annum.
• ATGE price at the close of September 16, 2024 was inside the secondary price channel.