Corsair Gaming Inc (CRSR)
Corsair Gaming, Inc. designs, markets and distributes gaming and broadcast peripherals, components and systems in the Americas, Europe, the Middle East and Asia Pacific.
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 23.30% per annum.
- CRSR price at the close of May 17, 2024 was $11.26 and was lower than the bottom border of the primary price channel by $5.95 (34.57%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 37.69% per annum.
- CRSR price at the close of May 17, 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 CRSR 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: April 22, 2022
End date: August 11, 2023
a = 2.2883
b = 0.0006
s = 0.1035
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1035) – 1
= 51.31%
April 22, 2022 calculations
Top border of price channel:
Exp(Y398)
= Exp(a + b × X398 + 2 × s)
= Exp(a + b × 576 + 2 × s)
= Exp(2.2883 + 0.0006 × 576 + 2 × 0.1035)
= Exp(2.8258)
= $16.87
Bottom border of price channel:
Exp(Y398)
= Exp(a + b × X398 – 2 × s)
= Exp(a + b × 576 – 2 × s)
= Exp(2.2883 + 0.0006 × 576 – 2 × 0.1035)
= Exp(2.4116)
= $11.15
August 11, 2023 calculations
Top border of price channel:
Exp(Y725)
= Exp(a + b × X725 + 2 × s)
= Exp(a + b × 1,052 + 2 × s)
= Exp(2.2883 + 0.0006 × 1,052 + 2 × 0.1035)
= Exp(3.0989)
= $22.17
Bottom border of price channel:
Exp(Y725)
= Exp(a + b × X725 – 2 × s)
= Exp(a + b × 1,052 – 2 × s)
= Exp(2.2883 + 0.0006 × 1,052 – 2 × 0.1035)
= Exp(2.6847)
= $14.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 23.30% per annum.
- CRSR price at the close of May 17, 2024 was $11.26 and was lower than the bottom border of the primary price channel by $5.95 (34.57%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 29, 2023
End date: May 17, 2024
a = 4.1350
b = -0.0013
s = 0.0635
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -37.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0635) – 1
= 28.94%
March 29, 2023 calculations
Top border of price channel:
Exp(Y632)
= Exp(a + b × X632 + 2 × s)
= Exp(a + b × 917 + 2 × s)
= Exp(4.1350 + -0.0013 × 917 + 2 × 0.0635)
= Exp(3.0736)
= $21.62
Bottom border of price channel:
Exp(Y632)
= Exp(a + b × X632 – 2 × s)
= Exp(a + b × 917 – 2 × s)
= Exp(4.1350 + -0.0013 × 917 – 2 × 0.0635)
= Exp(2.8195)
= $16.77
May 17, 2024 calculations
Top border of price channel:
Exp(Y918)
= Exp(a + b × X918 + 2 × s)
= Exp(a + b × 1,332 + 2 × s)
= Exp(4.1350 + -0.0013 × 1,332 + 2 × 0.0635)
= Exp(2.5358)
= $12.63
Bottom border of price channel:
Exp(Y918)
= Exp(a + b × X918 – 2 × s)
= Exp(a + b × 1,332 – 2 × s)
= Exp(4.1350 + -0.0013 × 1,332 – 2 × 0.0635)
= Exp(2.2817)
= $9.79
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 37.69% per annum.
- CRSR price at the close of May 17, 2024 was inside the secondary price channel.