Cable One Inc (CABO)
Cable One, Inc., provides voice, video and data services in the United States. The company is headquartered in Phoenix, Arizona.
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 42.96% per annum.
- CABO price at the close of May 10, 2024 was $393.75 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 30.84% per annum.
- CABO price at the close of May 10, 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 CABO 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 17, 2021
End date: May 10, 2024
a = 8.7981
b = -0.0015
s = 0.1155
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1155) – 1
= 58.74%
June 17, 2021 calculations
Top border of price channel:
Exp(Y529)
= Exp(a + b × X529 + 2 × s)
= Exp(a + b × 766 + 2 × s)
= Exp(8.7981 + -0.0015 × 766 + 2 × 0.1155)
= Exp(7.8509)
= $2,568.01
Bottom border of price channel:
Exp(Y529)
= Exp(a + b × X529 – 2 × s)
= Exp(a + b × 766 – 2 × s)
= Exp(8.7981 + -0.0015 × 766 – 2 × 0.1155)
= Exp(7.3888)
= $1,617.70
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(8.7981 + -0.0015 × 1,824 + 2 × 0.1155)
= Exp(6.2234)
= $504.42
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(8.7981 + -0.0015 × 1,824 – 2 × 0.1155)
= Exp(5.7613)
= $317.76
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 42.96% per annum.
- CABO price at the close of May 10, 2024 was $393.75 and was inside the primary price channel.
Secondary Trend
Start date: September 27, 2022
End date: May 10, 2024
a = 7.9550
b = -0.0010
s = 0.0855
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0855) – 1
= 40.76%
September 27, 2022 calculations
Top border of price channel:
Exp(Y851)
= Exp(a + b × X851 + 2 × s)
= Exp(a + b × 1,233 + 2 × s)
= Exp(7.9550 + -0.0010 × 1,233 + 2 × 0.0855)
= Exp(6.8805)
= $973.08
Bottom border of price channel:
Exp(Y851)
= Exp(a + b × X851 – 2 × s)
= Exp(a + b × 1,233 – 2 × s)
= Exp(7.9550 + -0.0010 × 1,233 – 2 × 0.0855)
= Exp(6.5386)
= $691.30
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.9550 + -0.0010 × 1,824 + 2 × 0.0855)
= Exp(6.2835)
= $535.66
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.9550 + -0.0010 × 1,824 – 2 × 0.0855)
= Exp(5.9416)
= $380.54
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 30.84% per annum.
- CABO price at the close of May 10, 2024 was inside the secondary price channel.