Boyd Gaming Corporation (BYD)
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The company is headquartered in Las Vegas, Nevada.
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 0.72% per annum.
- BYD price at the close of July 25, 2024 was $58.53 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.99% per annum.
- BYD price at the close of July 25, 2024 was inside the secondary price channel.
- 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 BYD 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: February 22, 2021
End date: July 25, 2024
a = 4.0650
b = 0.0000
s = 0.0861
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0861) – 1
= 41.11%
February 22, 2021 calculations
Top border of price channel:
Exp(Y396)
= Exp(a + b × X396 + 2 × s)
= Exp(a + b × 577 + 2 × s)
= Exp(4.0650 + 0.0000 × 577 + 2 × 0.0861)
= Exp(4.2485)
= $70.00
Bottom border of price channel:
Exp(Y396)
= Exp(a + b × X396 – 2 × s)
= Exp(a + b × 577 – 2 × s)
= Exp(4.0650 + 0.0000 × 577 – 2 × 0.0861)
= Exp(3.9041)
= $49.61
July 25, 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(4.0650 + 0.0000 × 1,826 + 2 × 0.0861)
= Exp(4.2729)
= $71.73
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0650 + 0.0000 × 1,826 – 2 × 0.0861)
= Exp(3.9285)
= $50.83
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.72% per annum.
- BYD price at the close of July 25, 2024 was $58.53 and was inside the primary price channel.
Secondary Trend
Start date: April 14, 2023
End date: July 25, 2024
a = 4.7797
b = -0.0004
s = 0.0611
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0611) – 1
= 27.70%
April 14, 2023 calculations
Top border of price channel:
Exp(Y936)
= Exp(a + b × X936 + 2 × s)
= Exp(a + b × 1,358 + 2 × s)
= Exp(4.7797 + -0.0004 × 1,358 + 2 × 0.0611)
= Exp(4.3413)
= $76.81
Bottom border of price channel:
Exp(Y936)
= Exp(a + b × X936 – 2 × s)
= Exp(a + b × 1,358 – 2 × s)
= Exp(4.7797 + -0.0004 × 1,358 – 2 × 0.0611)
= Exp(4.0968)
= $60.15
July 25, 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(4.7797 + -0.0004 × 1,826 + 2 × 0.0611)
= Exp(4.1481)
= $63.31
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.7797 + -0.0004 × 1,826 – 2 × 0.0611)
= Exp(3.9036)
= $49.58
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.99% per annum.
- BYD price at the close of July 25, 2024 was inside the secondary price channel.