DT Midstream Inc (DTM)
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 100.58% per annum.
- DTM price at the close of July 25, 2024 was $74.30 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 487.29% per annum.
- DTM price at the close of July 25, 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 DTM 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: January 10, 2024
End date: July 25, 2024
a = 2.1678
b = 0.0019
s = 0.0226
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 100.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0226) – 1
= 9.45%
January 10, 2024 calculations
Top border of price channel:
Exp(Y635)
= Exp(a + b × X635 + 2 × s)
= Exp(a + b × 923 + 2 × s)
= Exp(2.1678 + 0.0019 × 923 + 2 × 0.0226)
= Exp(3.9732)
= $53.15
Bottom border of price channel:
Exp(Y635)
= Exp(a + b × X635 – 2 × s)
= Exp(a + b × 923 – 2 × s)
= Exp(2.1678 + 0.0019 × 923 – 2 × 0.0226)
= Exp(3.8829)
= $48.56
July 25, 2024 calculations
Top border of price channel:
Exp(Y770)
= Exp(a + b × X770 + 2 × s)
= Exp(a + b × 1,120 + 2 × s)
= Exp(2.1678 + 0.0019 × 1,120 + 2 × 0.0226)
= Exp(4.3488)
= $77.39
Bottom border of price channel:
Exp(Y770)
= Exp(a + b × X770 – 2 × s)
= Exp(a + b × 1,120 – 2 × s)
= Exp(2.1678 + 0.0019 × 1,120 – 2 × 0.0226)
= Exp(4.2586)
= $70.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 100.58% per annum.
- DTM price at the close of July 25, 2024 was $74.30 and was inside the primary price channel.
Secondary Trend
Start date: July 8, 2024
End date: July 25, 2024
a = -1.1108
b = 0.0049
s = 0.0111
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0049) – 1
= 487.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0111) – 1
= 4.54%
July 8, 2024 calculations
Top border of price channel:
Exp(Y757)
= Exp(a + b × X757 + 2 × s)
= Exp(a + b × 1,103 + 2 × s)
= Exp(-1.1108 + 0.0049 × 1,103 + 2 × 0.0111)
= Exp(4.2612)
= $70.90
Bottom border of price channel:
Exp(Y757)
= Exp(a + b × X757 – 2 × s)
= Exp(a + b × 1,103 – 2 × s)
= Exp(-1.1108 + 0.0049 × 1,103 – 2 × 0.0111)
= Exp(4.2168)
= $67.82
July 25, 2024 calculations
Top border of price channel:
Exp(Y770)
= Exp(a + b × X770 + 2 × s)
= Exp(a + b × 1,120 + 2 × s)
= Exp(-1.1108 + 0.0049 × 1,120 + 2 × 0.0111)
= Exp(4.3437)
= $76.99
Bottom border of price channel:
Exp(Y770)
= Exp(a + b × X770 – 2 × s)
= Exp(a + b × 1,120 – 2 × s)
= Exp(-1.1108 + 0.0049 × 1,120 – 2 × 0.0111)
= Exp(4.2993)
= $73.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 487.29% per annum.
- DTM price at the close of July 25, 2024 was inside the secondary price channel.