DoubleVerify Holdings Inc (DV)
DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analysis. The company is headquartered in New York, New York with additional locations at Berlin, Germany; Chicago, Illinois; Merelbeke, Belgium; Helsinki, Finland; London, United Kingdom; Los Angeles and San Francisco, California; Miguel Hidalgo, Mexico; Paris, France; So Paulo, Brazil; Singapore, Singapore; Sydney, Australia; Tel Aviv, Israel; and Tokyo, Japan.
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 29.89% per annum.
- DV price at the close of May 9, 2024 was $18.83 and was lower than the bottom border of the primary price channel by $12.18 (39.29%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.63% per annum.
- DV price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $6.20 (24.76%).
- 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 DV 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: March 4, 2022
End date: February 28, 2024
a = 2.8645
b = 0.0007
s = 0.1141
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1141) – 1
= 57.82%
March 4, 2022 calculations
Top border of price channel:
Exp(Y220)
= Exp(a + b × X220 + 2 × s)
= Exp(a + b × 317 + 2 × s)
= Exp(2.8645 + 0.0007 × 317 + 2 × 0.1141)
= Exp(3.3198)
= $27.65
Bottom border of price channel:
Exp(Y220)
= Exp(a + b × X220 – 2 × s)
= Exp(a + b × 317 – 2 × s)
= Exp(2.8645 + 0.0007 × 317 – 2 × 0.1141)
= Exp(2.8635)
= $17.52
February 28, 2024 calculations
Top border of price channel:
Exp(Y718)
= Exp(a + b × X718 + 2 × s)
= Exp(a + b × 1,043 + 2 × s)
= Exp(2.8645 + 0.0007 × 1,043 + 2 × 0.1141)
= Exp(3.8399)
= $46.52
Bottom border of price channel:
Exp(Y718)
= Exp(a + b × X718 – 2 × s)
= Exp(a + b × 1,043 – 2 × s)
= Exp(2.8645 + 0.0007 × 1,043 – 2 × 0.1141)
= Exp(3.3836)
= $29.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.89% per annum.
- DV price at the close of May 9, 2024 was $18.83 and was lower than the bottom border of the primary price channel by $12.18 (39.29%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 18, 2024
End date: May 7, 2024
a = 7.2055
b = -0.0035
s = 0.0700
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0035) – 1
= -71.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0700) – 1
= 32.31%
January 18, 2024 calculations
Top border of price channel:
Exp(Y690)
= Exp(a + b × X690 + 2 × s)
= Exp(a + b × 1,002 + 2 × s)
= Exp(7.2055 + -0.0035 × 1,002 + 2 × 0.0700)
= Exp(3.8865)
= $48.74
Bottom border of price channel:
Exp(Y690)
= Exp(a + b × X690 – 2 × s)
= Exp(a + b × 1,002 – 2 × s)
= Exp(7.2055 + -0.0035 × 1,002 – 2 × 0.0700)
= Exp(3.6066)
= $36.84
May 7, 2024 calculations
Top border of price channel:
Exp(Y766)
= Exp(a + b × X766 + 2 × s)
= Exp(a + b × 1,112 + 2 × s)
= Exp(7.2055 + -0.0035 × 1,112 + 2 × 0.0700)
= Exp(3.5068)
= $33.34
Bottom border of price channel:
Exp(Y766)
= Exp(a + b × X766 – 2 × s)
= Exp(a + b × 1,112 – 2 × s)
= Exp(7.2055 + -0.0035 × 1,112 – 2 × 0.0700)
= Exp(3.2268)
= $25.20
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.63% per annum.
- DV price at the close of May 9, 2024 was lower than the bottom border of the secondary price channel by $6.20 (24.76%).