FactSet Research Systems Inc (FDS)
FactSet Research Systems Inc. provides integrated financial information and analytical applications to investment and corporate communities in the Americas, EMEA, and Asia Pacific. The company is headquartered in Norwalk, Connecticut.
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 28.46% per annum.
- FDS price at the close of April 29, 2025 was $428.71 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.92% per annum.
- FDS price at the close of April 29, 2025 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 12, 2024
End date: April 29, 2025
a = 7.7245
b = -0.0009
s = 0.0218
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0218) – 1
= 9.12%
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 + 2 × s)
= Exp(a + b × 1,657 + 2 × s)
= Exp(7.7245 + -0.0009 × 1,657 + 2 × 0.0218)
= Exp(6.2479)
= $516.94
Bottom border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 – 2 × s)
= Exp(a + b × 1,657 – 2 × s)
= Exp(7.7245 + -0.0009 × 1,657 – 2 × 0.0218)
= Exp(6.1607)
= $473.75
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.7245 + -0.0009 × 1,825 + 2 × 0.0218)
= Exp(6.0938)
= $443.10
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.7245 + -0.0009 × 1,825 – 2 × 0.0218)
= Exp(6.0066)
= $406.08
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.46% per annum.
- FDS price at the close of April 29, 2025 was $428.71 and was inside the primary price channel.
Secondary Trend
Start date: January 27, 2025
End date: April 29, 2025
a = 8.3403
b = -0.0013
s = 0.0224
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0224) – 1
= 9.35%
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 + 2 × s)
= Exp(a + b × 1,733 + 2 × s)
= Exp(8.3403 + -0.0013 × 1,733 + 2 × 0.0224)
= Exp(6.1975)
= $491.52
Bottom border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 – 2 × s)
= Exp(a + b × 1,733 – 2 × s)
= Exp(8.3403 + -0.0013 × 1,733 – 2 × 0.0224)
= Exp(6.1081)
= $449.49
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.3403 + -0.0013 × 1,825 + 2 × 0.0224)
= Exp(6.0814)
= $437.63
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.3403 + -0.0013 × 1,825 – 2 × 0.0224)
= Exp(5.9920)
= $400.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.92% per annum.
- FDS price at the close of April 29, 2025 was inside the secondary price channel.