# 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%

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%

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.