Avnet Inc (AVT)
Avnet, Inc., a technology solutions company, markets, sells and distributes electronic components. The company is headquartered in Phoenix, Arizona.
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 10.59% per annum.
- AVT price at the close of April 29, 2025 was $51.24 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.52% per annum.
- AVT price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $0.21 (0.41%). This indicates a possible reversal in the secondary trend direction.
- 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 AVT 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 6, 2021
End date: April 29, 2025
a = 3.4670
b = 0.0003
s = 0.0633
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0633) – 1
= 28.82%
January 6, 2021 calculations
Top border of price channel:
Exp(Y173)
= Exp(a + b × X173 + 2 × s)
= Exp(a + b × 251 + 2 × s)
= Exp(3.4670 + 0.0003 × 251 + 2 × 0.0633)
= Exp(3.6629)
= $38.97
Bottom border of price channel:
Exp(Y173)
= Exp(a + b × X173 – 2 × s)
= Exp(a + b × 251 – 2 × s)
= Exp(3.4670 + 0.0003 × 251 – 2 × 0.0633)
= Exp(3.4096)
= $30.25
April 29, 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(3.4670 + 0.0003 × 1,825 + 2 × 0.0633)
= Exp(4.0968)
= $60.15
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.4670 + 0.0003 × 1,825 – 2 × 0.0633)
= Exp(3.8435)
= $46.69
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 10.59% per annum.
- AVT price at the close of April 29, 2025 was $51.24 and was inside the primary price channel.
Secondary Trend
Start date: September 26, 2024
End date: April 29, 2025
a = 5.1997
b = -0.0007
s = 0.0367
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0367) – 1
= 15.83%
September 26, 2024 calculations
Top border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 + 2 × s)
= Exp(a + b × 1,610 + 2 × s)
= Exp(5.1997 + -0.0007 × 1,610 + 2 × 0.0367)
= Exp(4.0903)
= $59.76
Bottom border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 – 2 × s)
= Exp(a + b × 1,610 – 2 × s)
= Exp(5.1997 + -0.0007 × 1,610 – 2 × 0.0367)
= Exp(3.9434)
= $51.59
April 29, 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(5.1997 + -0.0007 × 1,825 + 2 × 0.0367)
= Exp(3.9324)
= $51.03
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.1997 + -0.0007 × 1,825 – 2 × 0.0367)
= Exp(3.7854)
= $44.05
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.52% per annum.
- AVT price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $0.21 (0.41%). This indicates a possible reversal in the secondary trend direction.