ATN International Inc (ATNI)
ATN International, Inc., provides telecommunications services in the United States, the Caribbean, and Bermuda. The company is headquartered in Beverly, Massachusetts.
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 32.23% per annum.
- ATNI price at the close of May 9, 2024 was $24.08 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 67.30% per annum.
- ATNI price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $0.32 (1.33%).
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 ATNI 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 1, 2022
End date: December 11, 2023
a = 5.2030
b = -0.0011
s = 0.0494
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0494) – 1
= 21.83%
November 1, 2022 calculations
Top border of price channel:
Exp(Y877)
= Exp(a + b × X877 + 2 × s)
= Exp(a + b × 1,271 + 2 × s)
= Exp(5.2030 + -0.0011 × 1,271 + 2 × 0.0494)
= Exp(3.9470)
= $51.78
Bottom border of price channel:
Exp(Y877)
= Exp(a + b × X877 – 2 × s)
= Exp(a + b × 1,271 – 2 × s)
= Exp(5.2030 + -0.0011 × 1,271 – 2 × 0.0494)
= Exp(3.7495)
= $42.50
December 11, 2023 calculations
Top border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 + 2 × s)
= Exp(a + b × 1,676 + 2 × s)
= Exp(5.2030 + -0.0011 × 1,676 + 2 × 0.0494)
= Exp(3.5153)
= $33.63
Bottom border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 – 2 × s)
= Exp(a + b × 1,676 – 2 × s)
= Exp(5.2030 + -0.0011 × 1,676 – 2 × 0.0494)
= Exp(3.3178)
= $27.60
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.23% per annum.
- ATNI price at the close of May 9, 2024 was $24.08 and was inside the primary price channel.
Secondary Trend
Start date: December 27, 2023
End date: April 24, 2024
a = 8.8684
b = -0.0031
s = 0.0406
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0031) – 1
= -67.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0406) – 1
= 17.63%
December 27, 2023 calculations
Top border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 + 2 × s)
= Exp(a + b × 1,692 + 2 × s)
= Exp(8.8684 + -0.0031 × 1,692 + 2 × 0.0406)
= Exp(3.7675)
= $43.27
Bottom border of price channel:
Exp(Y1,166)
= Exp(a + b × X1,166 – 2 × s)
= Exp(a + b × 1,692 – 2 × s)
= Exp(8.8684 + -0.0031 × 1,692 – 2 × 0.0406)
= Exp(3.6051)
= $36.79
April 24, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(8.8684 + -0.0031 × 1,811 + 2 × 0.0406)
= Exp(3.4031)
= $30.06
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(8.8684 + -0.0031 × 1,811 – 2 × 0.0406)
= Exp(3.2407)
= $25.55
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 67.30% per annum.
- ATNI price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $0.32 (1.33%).