Alphabet Inc Class C (GOOG)
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
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 46.79% per annum.
- GOOG price at the close of April 25, 2024 was $157.95 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.66% per annum.
- GOOG price at the close of April 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 GOOG 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 26, 2022
End date: April 25, 2024
a = 3.1585
b = 0.0011
s = 0.0579
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 46.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0579) – 1
= 26.08%
October 26, 2022 calculations
Top border of price channel:
Exp(Y883)
= Exp(a + b × X883 + 2 × s)
= Exp(a + b × 1,279 + 2 × s)
= Exp(3.1585 + 0.0011 × 1,279 + 2 × 0.0579)
= Exp(4.6192)
= $101.42
Bottom border of price channel:
Exp(Y883)
= Exp(a + b × X883 – 2 × s)
= Exp(a + b × 1,279 – 2 × s)
= Exp(3.1585 + 0.0011 × 1,279 – 2 × 0.0579)
= Exp(4.3875)
= $80.44
April 25, 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(3.1585 + 0.0011 × 1,826 + 2 × 0.0579)
= Exp(5.1944)
= $180.26
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1585 + 0.0011 × 1,826 – 2 × 0.0579)
= Exp(4.9627)
= $142.98
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.79% per annum.
- GOOG price at the close of April 25, 2024 was $157.95 and was inside the primary price channel.
Secondary Trend
Start date: May 11, 2023
End date: April 25, 2024
a = 3.8065
b = 0.0007
s = 0.0364
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0364) – 1
= 15.65%
May 11, 2023 calculations
Top border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 + 2 × s)
= Exp(a + b × 1,476 + 2 × s)
= Exp(3.8065 + 0.0007 × 1,476 + 2 × 0.0364)
= Exp(4.8666)
= $129.88
Bottom border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 – 2 × s)
= Exp(a + b × 1,476 – 2 × s)
= Exp(3.8065 + 0.0007 × 1,476 – 2 × 0.0364)
= Exp(4.7212)
= $112.30
April 25, 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(3.8065 + 0.0007 × 1,826 + 2 × 0.0364)
= Exp(5.1007)
= $164.14
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.8065 + 0.0007 × 1,826 – 2 × 0.0364)
= Exp(4.9553)
= $141.93
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.66% per annum.
- GOOG price at the close of April 25, 2024 was inside the secondary price channel.