Envestnet Inc (ENV)
Envestnet, Inc., provides wealth management software and services in the United States and internationally. The company is headquartered in Chicago, Illinois.
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 174.06% per annum.
- ENV price at the close of May 8, 2024 was $63.76 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.69% per annum.
- ENV price at the close of May 8, 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 ENV 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: October 19, 2023
End date: May 8, 2024
a = -0.8733
b = 0.0028
s = 0.0593
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 174.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0593) – 1
= 26.79%
October 19, 2023 calculations
Top border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 + 2 × s)
= Exp(a + b × 1,624 + 2 × s)
= Exp(-0.8733 + 0.0028 × 1,624 + 2 × 0.0593)
= Exp(3.7311)
= $41.72
Bottom border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 – 2 × s)
= Exp(a + b × 1,624 – 2 × s)
= Exp(-0.8733 + 0.0028 × 1,624 – 2 × 0.0593)
= Exp(3.4937)
= $32.91
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-0.8733 + 0.0028 × 1,826 + 2 × 0.0593)
= Exp(4.2890)
= $72.89
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.8733 + 0.0028 × 1,826 – 2 × 0.0593)
= Exp(4.0516)
= $57.49
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 174.06% per annum.
- ENV price at the close of May 8, 2024 was $63.76 and was inside the primary price channel.
Secondary Trend
Start date: December 13, 2023
End date: May 8, 2024
a = 0.7131
b = 0.0019
s = 0.0334
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0334) – 1
= 14.29%
December 13, 2023 calculations
Top border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(0.7131 + 0.0019 × 1,679 + 2 × 0.0334)
= Exp(3.9150)
= $50.15
Bottom border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(0.7131 + 0.0019 × 1,679 – 2 × 0.0334)
= Exp(3.7814)
= $43.88
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.7131 + 0.0019 × 1,826 + 2 × 0.0334)
= Exp(4.1895)
= $65.99
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.7131 + 0.0019 × 1,826 – 2 × 0.0334)
= Exp(4.0559)
= $57.74
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.69% per annum.
- ENV price at the close of May 8, 2024 was inside the secondary price channel.