Godaddy Inc (GDDY)
GoDaddy Inc. is dedicated to the design and development of cloud-based technology products in the United States and internationally. The company is headquartered in Scottsdale, Arizona.
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 128.85% per annum.
- GDDY price at the close of July 25, 2024 was $143.29 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 83.80% per annum.
- GDDY 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 GDDY 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: August 2, 2023
End date: July 25, 2024
a = 0.9083
b = 0.0023
s = 0.0575
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 128.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0575) – 1
= 25.85%
August 2, 2023 calculations
Top border of price channel:
Exp(Y1,011)
= Exp(a + b × X1,011 + 2 × s)
= Exp(a + b × 1,468 + 2 × s)
= Exp(0.9083 + 0.0023 × 1,468 + 2 × 0.0575)
= Exp(4.3530)
= $77.71
Bottom border of price channel:
Exp(Y1,011)
= Exp(a + b × X1,011 – 2 × s)
= Exp(a + b × 1,468 – 2 × s)
= Exp(0.9083 + 0.0023 × 1,468 – 2 × 0.0575)
= Exp(4.1230)
= $61.75
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.9083 + 0.0023 × 1,826 + 2 × 0.0575)
= Exp(5.1650)
= $175.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.9083 + 0.0023 × 1,826 – 2 × 0.0575)
= Exp(4.9351)
= $139.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 128.85% per annum.
- GDDY price at the close of July 25, 2024 was $143.29 and was inside the primary price channel.
Secondary Trend
Start date: November 27, 2023
End date: July 25, 2024
a = 1.9499
b = 0.0017
s = 0.0253
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 83.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0253) – 1
= 10.64%
November 27, 2023 calculations
Top border of price channel:
Exp(Y1,092)
= Exp(a + b × X1,092 + 2 × s)
= Exp(a + b × 1,585 + 2 × s)
= Exp(1.9499 + 0.0017 × 1,585 + 2 × 0.0253)
= Exp(4.6437)
= $103.93
Bottom border of price channel:
Exp(Y1,092)
= Exp(a + b × X1,092 – 2 × s)
= Exp(a + b × 1,585 – 2 × s)
= Exp(1.9499 + 0.0017 × 1,585 – 2 × 0.0253)
= Exp(4.5426)
= $93.94
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.9499 + 0.0017 × 1,826 + 2 × 0.0253)
= Exp(5.0456)
= $155.33
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9499 + 0.0017 × 1,826 – 2 × 0.0253)
= Exp(4.9445)
= $140.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 83.80% per annum.
- GDDY price at the close of July 25, 2024 was inside the secondary price channel.