Grid Dynamics Holdings Inc (GDYN)
Grid Dynamics Holdings, Inc., provides enterprise-grade digital transformation services for Fortune 1000 corporations in the United States and Central and Eastern European countries. The company is headquartered in San Ramon, California.
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 92.29% per annum.
- GDYN price at the close of May 12, 2025 was $15.23 and was higher than the top border of the primary price channel by $2.46 (19.31%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 35.04% per annum.
- GDYN price at the close of May 12, 2025 was higher than the top border of the secondary price channel by $0.19 (1.26%).
- 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 GDYN 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: January 23, 2025
End date: April 25, 2025
a = 15.2478
b = -0.0070
s = 0.0551
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0070) – 1
= -92.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0551) – 1
= 24.66%
January 23, 2025 calculations
Top border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(15.2478 + -0.0070 × 1,716 + 2 × 0.0551)
= Exp(3.3119)
= $27.44
Bottom border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(15.2478 + -0.0070 × 1,716 – 2 × 0.0551)
= Exp(3.0915)
= $22.01
April 25, 2025 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(15.2478 + -0.0070 × 1,808 + 2 × 0.0551)
= Exp(2.6661)
= $14.38
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(15.2478 + -0.0070 × 1,808 – 2 × 0.0551)
= Exp(2.4456)
= $11.54
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 92.29% per annum.
- GDYN price at the close of May 12, 2025 was $15.23 and was higher than the top border of the primary price channel by $2.46 (19.31%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 3, 2025
End date: May 12, 2025
a = 1.1347
b = 0.0008
s = 0.0370
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0370) – 1
= 15.95%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,786 + 2 × s)
= Exp(1.1347 + 0.0008 × 1,786 + 2 × 0.0370)
= Exp(2.6787)
= $14.57
Bottom border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,786 – 2 × s)
= Exp(1.1347 + 0.0008 × 1,786 – 2 × 0.0370)
= Exp(2.5307)
= $12.56
May 12, 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(1.1347 + 0.0008 × 1,825 + 2 × 0.0370)
= Exp(2.7107)
= $15.04
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.1347 + 0.0008 × 1,825 – 2 × 0.0370)
= Exp(2.5628)
= $12.97
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 35.04% per annum.
- GDYN price at the close of May 12, 2025 was higher than the top border of the secondary price channel by $0.19 (1.26%).