Diodes Incorporated (DIOD)
Diodes Incorporated designs, manufactures and supplies standard products for specific applications in the discrete, logic, analog and mixed-signal semiconductor markets worldwide. The company is headquartered in Plano, Texas.
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 8.17% per annum.
- DIOD price at the close of July 26, 2024 was $80.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 38.41% per annum.
- DIOD price at the close of July 26, 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 DIOD 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: July 29, 2021
End date: July 10, 2024
a = 4.6894
b = -0.0002
s = 0.1182
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1182) – 1
= 60.44%
July 29, 2021 calculations
Top border of price channel:
Exp(Y505)
= Exp(a + b × X505 + 2 × s)
= Exp(a + b × 731 + 2 × s)
= Exp(4.6894 + -0.0002 × 731 + 2 × 0.1182)
= Exp(4.7551)
= $116.17
Bottom border of price channel:
Exp(Y505)
= Exp(a + b × X505 – 2 × s)
= Exp(a + b × 731 – 2 × s)
= Exp(4.6894 + -0.0002 × 731 – 2 × 0.1182)
= Exp(4.2823)
= $72.41
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(4.6894 + -0.0002 × 1,808 + 2 × 0.1182)
= Exp(4.5035)
= $90.33
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(4.6894 + -0.0002 × 1,808 – 2 × 0.1182)
= Exp(4.0307)
= $56.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.17% per annum.
- DIOD price at the close of July 26, 2024 was $80.27 and was inside the primary price channel.
Secondary Trend
Start date: January 26, 2024
End date: July 26, 2024
a = 2.7264
b = 0.0009
s = 0.0374
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0374) – 1
= 16.15%
January 26, 2024 calculations
Top border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 + 2 × s)
= Exp(a + b × 1,642 + 2 × s)
= Exp(2.7264 + 0.0009 × 1,642 + 2 × 0.0374)
= Exp(4.2635)
= $71.06
Bottom border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 – 2 × s)
= Exp(a + b × 1,642 – 2 × s)
= Exp(2.7264 + 0.0009 × 1,642 – 2 × 0.0374)
= Exp(4.1137)
= $61.17
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.7264 + 0.0009 × 1,824 + 2 × 0.0374)
= Exp(4.4255)
= $83.56
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.7264 + 0.0009 × 1,824 – 2 × 0.0374)
= Exp(4.2758)
= $71.94
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 38.41% per annum.
- DIOD price at the close of July 26, 2024 was inside the secondary price channel.