Doximity Inc (DOCS)
None
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 40.53% per annum.
- DOCS price at the close of September 12, 2024 was $38.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 167.63% per annum.
- DOCS price at the close of September 12, 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 DOCS 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: August 10, 2023
End date: September 12, 2024
a = 2.3625
b = 0.0009
s = 0.0989
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0989) – 1
= 48.50%
August 10, 2023 calculations
Top border of price channel:
Exp(Y535)
= Exp(a + b × X535 + 2 × s)
= Exp(a + b × 777 + 2 × s)
= Exp(2.3625 + 0.0009 × 777 + 2 × 0.0989)
= Exp(3.2845)
= $26.70
Bottom border of price channel:
Exp(Y535)
= Exp(a + b × X535 – 2 × s)
= Exp(a + b × 777 – 2 × s)
= Exp(2.3625 + 0.0009 × 777 – 2 × 0.0989)
= Exp(2.8891)
= $17.98
September 12, 2024 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,176 + 2 × s)
= Exp(2.3625 + 0.0009 × 1,176 + 2 × 0.0989)
= Exp(3.6565)
= $38.72
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,176 – 2 × s)
= Exp(2.3625 + 0.0009 × 1,176 – 2 × 0.0989)
= Exp(3.2610)
= $26.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.53% per annum.
- DOCS price at the close of September 12, 2024 was $38.22 and was inside the primary price channel.
Secondary Trend
Start date: April 16, 2024
End date: September 12, 2024
a = 0.3869
b = 0.0027
s = 0.0811
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 167.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0811) – 1
= 38.32%
April 16, 2024 calculations
Top border of price channel:
Exp(Y706)
= Exp(a + b × X706 + 2 × s)
= Exp(a + b × 1,027 + 2 × s)
= Exp(0.3869 + 0.0027 × 1,027 + 2 × 0.0811)
= Exp(3.3190)
= $27.63
Bottom border of price channel:
Exp(Y706)
= Exp(a + b × X706 – 2 × s)
= Exp(a + b × 1,027 – 2 × s)
= Exp(0.3869 + 0.0027 × 1,027 – 2 × 0.0811)
= Exp(2.9946)
= $19.98
September 12, 2024 calculations
Top border of price channel:
Exp(Y809)
= Exp(a + b × X809 + 2 × s)
= Exp(a + b × 1,176 + 2 × s)
= Exp(0.3869 + 0.0027 × 1,176 + 2 × 0.0811)
= Exp(3.7209)
= $41.30
Bottom border of price channel:
Exp(Y809)
= Exp(a + b × X809 – 2 × s)
= Exp(a + b × 1,176 – 2 × s)
= Exp(0.3869 + 0.0027 × 1,176 – 2 × 0.0811)
= Exp(3.3965)
= $29.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 167.63% per annum.
- DOCS price at the close of September 12, 2024 was inside the secondary price channel.