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 30.49% per annum.
- DOCS price at the close of July 25, 2024 was $28.02 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.80% per annum.
- DOCS price at the close of July 25, 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 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: July 25, 2024
a = 2.5462
b = 0.0007
s = 0.0880
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 30.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0880) – 1
= 42.20%
August 10, 2023 calculations
Top border of price channel:
Exp(Y535)
= Exp(a + b × X535 + 2 × s)
= Exp(a + b × 777 + 2 × s)
= Exp(2.5462 + 0.0007 × 777 + 2 × 0.0880)
= Exp(3.2888)
= $26.81
Bottom border of price channel:
Exp(Y535)
= Exp(a + b × X535 – 2 × s)
= Exp(a + b × 777 – 2 × s)
= Exp(2.5462 + 0.0007 × 777 – 2 × 0.0880)
= Exp(2.9367)
= $18.85
July 25, 2024 calculations
Top border of price channel:
Exp(Y775)
= Exp(a + b × X775 + 2 × s)
= Exp(a + b × 1,127 + 2 × s)
= Exp(2.5462 + 0.0007 × 1,127 + 2 × 0.0880)
= Exp(3.5439)
= $34.60
Bottom border of price channel:
Exp(Y775)
= Exp(a + b × X775 – 2 × s)
= Exp(a + b × 1,127 – 2 × s)
= Exp(2.5462 + 0.0007 × 1,127 – 2 × 0.0880)
= Exp(3.1919)
= $24.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 30.49% per annum.
- DOCS price at the close of July 25, 2024 was $28.02 and was inside the primary price channel.
Secondary Trend
Start date: December 18, 2023
End date: July 25, 2024
a = 3.5684
b = -0.0003
s = 0.0651
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -8.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0651) – 1
= 29.76%
December 18, 2023 calculations
Top border of price channel:
Exp(Y625)
= Exp(a + b × X625 + 2 × s)
= Exp(a + b × 907 + 2 × s)
= Exp(3.5684 + -0.0003 × 907 + 2 × 0.0651)
= Exp(3.4697)
= $32.13
Bottom border of price channel:
Exp(Y625)
= Exp(a + b × X625 – 2 × s)
= Exp(a + b × 907 – 2 × s)
= Exp(3.5684 + -0.0003 × 907 – 2 × 0.0651)
= Exp(3.2092)
= $24.76
July 25, 2024 calculations
Top border of price channel:
Exp(Y775)
= Exp(a + b × X775 + 2 × s)
= Exp(a + b × 1,127 + 2 × s)
= Exp(3.5684 + -0.0003 × 1,127 + 2 × 0.0651)
= Exp(3.4141)
= $30.39
Bottom border of price channel:
Exp(Y775)
= Exp(a + b × X775 – 2 × s)
= Exp(a + b × 1,127 – 2 × s)
= Exp(3.5684 + -0.0003 × 1,127 – 2 × 0.0651)
= Exp(3.1537)
= $23.42
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.80% per annum.
- DOCS price at the close of July 25, 2024 was inside the secondary price channel.