Calix Inc (CALX)
Calix, Inc. provides cloud and software platforms and systems and services in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company is headquartered in San Jose, California.
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 37.26% per annum.
- CALX price at the close of May 9, 2024 was $30.07 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 68.65% per annum.
- CALX price at the close of May 9, 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 CALX 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: September 20, 2022
End date: May 9, 2024
a = 5.7868
b = -0.0013
s = 0.0954
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -37.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0954) – 1
= 46.45%
September 20, 2022 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,229 + 2 × s)
= Exp(5.7868 + -0.0013 × 1,229 + 2 × 0.0954)
= Exp(4.4078)
= $82.09
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,229 – 2 × s)
= Exp(5.7868 + -0.0013 × 1,229 – 2 × 0.0954)
= Exp(4.0263)
= $56.05
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.7868 + -0.0013 × 1,826 + 2 × 0.0954)
= Exp(3.6453)
= $38.29
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.7868 + -0.0013 × 1,826 – 2 × 0.0954)
= Exp(3.2638)
= $26.15
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 37.26% per annum.
- CALX price at the close of May 9, 2024 was $30.07 and was inside the primary price channel.
Secondary Trend
Start date: December 14, 2023
End date: May 9, 2024
a = 9.1418
b = -0.0032
s = 0.0598
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0032) – 1
= -68.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0598) – 1
= 27.00%
December 14, 2023 calculations
Top border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(9.1418 + -0.0032 × 1,679 + 2 × 0.0598)
= Exp(3.9254)
= $50.67
Bottom border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(9.1418 + -0.0032 × 1,679 – 2 × 0.0598)
= Exp(3.6864)
= $39.90
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(9.1418 + -0.0032 × 1,826 + 2 × 0.0598)
= Exp(3.4582)
= $31.76
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.1418 + -0.0032 × 1,826 – 2 × 0.0598)
= Exp(3.2192)
= $25.01
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 68.65% per annum.
- CALX price at the close of May 9, 2024 was inside the secondary price channel.