Booking Holdings Inc (BKNG)
Booking Holdings Inc. is an American travel technology company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable.
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 51.12% per annum.
- BKNG price at the close of September 19, 2024 was $4,017.51 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.86% per annum.
- BKNG price at the close of September 19, 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 BKNG 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: June 14, 2022
End date: July 24, 2024
a = 6.3325
b = 0.0011
s = 0.0657
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0657) – 1
= 30.08%
June 14, 2022 calculations
Top border of price channel:
Exp(Y688)
= Exp(a + b × X688 + 2 × s)
= Exp(a + b × 998 + 2 × s)
= Exp(6.3325 + 0.0011 × 998 + 2 × 0.0657)
= Exp(7.5930)
= $1,984.17
Bottom border of price channel:
Exp(Y688)
= Exp(a + b × X688 – 2 × s)
= Exp(a + b × 998 – 2 × s)
= Exp(6.3325 + 0.0011 × 998 – 2 × 0.0657)
= Exp(7.3300)
= $1,525.38
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,769 + 2 × s)
= Exp(6.3325 + 0.0011 × 1,769 + 2 × 0.0657)
= Exp(8.4651)
= $4,746.40
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,769 – 2 × s)
= Exp(6.3325 + 0.0011 × 1,769 – 2 × 0.0657)
= Exp(8.2022)
= $3,648.89
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 51.12% per annum.
- BKNG price at the close of September 19, 2024 was $4,017.51 and was inside the primary price channel.
Secondary Trend
Start date: December 11, 2023
End date: September 19, 2024
a = 7.5225
b = 0.0004
s = 0.0415
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0415) – 1
= 18.05%
December 11, 2023 calculations
Top border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 + 2 × s)
= Exp(a + b × 1,543 + 2 × s)
= Exp(7.5225 + 0.0004 × 1,543 + 2 × 0.0415)
= Exp(8.2278)
= $3,743.44
Bottom border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 – 2 × s)
= Exp(a + b × 1,543 – 2 × s)
= Exp(7.5225 + 0.0004 × 1,543 – 2 × 0.0415)
= Exp(8.0618)
= $3,171.06
September 19, 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(7.5225 + 0.0004 × 1,826 + 2 × 0.0415)
= Exp(8.3419)
= $4,196.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.5225 + 0.0004 × 1,826 – 2 × 0.0415)
= Exp(8.1760)
= $3,554.45
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.86% per annum.
- BKNG price at the close of September 19, 2024 was inside the secondary price channel.