FactSet Research Systems Inc (FDS)
FactSet Research Systems Inc. is a leading provider of integrated financial information and analytical applications, serving investment professionals and corporate clients across the Americas, EMEA, and Asia Pacific. Headquartered in Norwalk, Connecticut, the company leverages advanced technology and comprehensive datasets to deliver critical insights that drive investment decisions. With a commitment to innovation and excellence, FactSet empowers its users through sophisticated tools that enhance financial modeling, reporting, and risk assessment, positioning itself as an indispensable partner in the global financial landscape.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 43.45% per annum.
- FDS price at the close of February 10, 2026 was $204.81 and was lower than the bottom border of the primary price channel by $12.75 (5.86%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 99.96% per annum.
- FDS price at the close of February 10, 2026 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 FDS 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: November 11, 2024
End date: February 10, 2026
a = 8.4242
b = -0.0016
s = 0.0958
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0958) – 1
= 46.70%
November 11, 2024 calculations
Top border of price channel:
Exp(Y943)
= Exp(a + b × X943 + 2 × s)
= Exp(a + b × 1,369 + 2 × s)
= Exp(8.4242 + -0.0016 × 1,369 + 2 × 0.0958)
= Exp(6.4778)
= $650.56
Bottom border of price channel:
Exp(Y943)
= Exp(a + b × X943 – 2 × s)
= Exp(a + b × 1,369 – 2 × s)
= Exp(8.4242 + -0.0016 × 1,369 – 2 × 0.0958)
= Exp(6.0946)
= $443.46
February 10, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.4242 + -0.0016 × 1,825 + 2 × 0.0958)
= Exp(5.7657)
= $319.17
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.4242 + -0.0016 × 1,825 – 2 × 0.0958)
= Exp(5.3825)
= $217.56
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 43.45% per annum.
- FDS price at the close of February 10, 2026 was $204.81 and was lower than the bottom border of the primary price channel by $12.75 (5.86%).
Secondary Trend
Start date: January 22, 2026
End date: February 10, 2026
a = 44.6056
b = -0.0215
s = 0.0348
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0215) – 1
= -99.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0348) – 1
= 14.92%
January 22, 2026 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(44.6056 + -0.0215 × 1,806 + 2 × 0.0348)
= Exp(5.7669)
= $319.55
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(44.6056 + -0.0215 × 1,806 – 2 × 0.0348)
= Exp(5.6278)
= $278.05
February 10, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(44.6056 + -0.0215 × 1,825 + 2 × 0.0348)
= Exp(5.3576)
= $212.21
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(44.6056 + -0.0215 × 1,825 – 2 × 0.0348)
= Exp(5.2185)
= $184.65
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 99.96% per annum.
- FDS price at the close of February 10, 2026 was inside the secondary price channel.