Belden Inc (BDC)
Belden Inc. is a signal transmission solutions company in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company is headquartered in St. Louis, Missouri.
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 37.24% per annum.
- BDC price at the close of July 26, 2024 was $91.97 and was lower than the bottom border of the primary price channel by $10.26 (10.03%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.91% per annum.
- BDC price at the close of July 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 BDC 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: March 12, 2020
End date: October 12, 2023
a = 3.2449
b = 0.0009
s = 0.0997
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0997) – 1
= 49.02%
March 12, 2020 calculations
Top border of price channel:
Exp(Y157)
= Exp(a + b × X157 + 2 × s)
= Exp(a + b × 227 + 2 × s)
= Exp(3.2449 + 0.0009 × 227 + 2 × 0.0997)
= Exp(3.6412)
= $38.14
Bottom border of price channel:
Exp(Y157)
= Exp(a + b × X157 – 2 × s)
= Exp(a + b × 227 – 2 × s)
= Exp(3.2449 + 0.0009 × 227 – 2 × 0.0997)
= Exp(3.2423)
= $25.59
October 12, 2023 calculations
Top border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 + 2 × s)
= Exp(a + b × 1,536 + 2 × s)
= Exp(3.2449 + 0.0009 × 1,536 + 2 × 0.0997)
= Exp(4.7764)
= $118.68
Bottom border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 – 2 × s)
= Exp(a + b × 1,536 – 2 × s)
= Exp(3.2449 + 0.0009 × 1,536 – 2 × 0.0997)
= Exp(4.3775)
= $79.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.24% per annum.
- BDC price at the close of July 26, 2024 was $91.97 and was lower than the bottom border of the primary price channel by $10.26 (10.03%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 4, 2020
End date: July 26, 2024
a = 3.5176
b = 0.0006
s = 0.1141
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1141) – 1
= 57.83%
December 4, 2020 calculations
Top border of price channel:
Exp(Y343)
= Exp(a + b × X343 + 2 × s)
= Exp(a + b × 494 + 2 × s)
= Exp(3.5176 + 0.0006 × 494 + 2 × 0.1141)
= Exp(4.0359)
= $56.59
Bottom border of price channel:
Exp(Y343)
= Exp(a + b × X343 – 2 × s)
= Exp(a + b × 494 – 2 × s)
= Exp(3.5176 + 0.0006 × 494 – 2 × 0.1141)
= Exp(3.5796)
= $35.86
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.5176 + 0.0006 × 1,824 + 2 × 0.1141)
= Exp(4.8171)
= $123.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.5176 + 0.0006 × 1,824 – 2 × 0.1141)
= Exp(4.3608)
= $78.32
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.91% per annum.
- BDC price at the close of July 26, 2024 was inside the secondary price channel.