# 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 49.90% per annum.
- GOOG price at the close of August 7, 2024 was $160.75 and was lower than the bottom border of the primary price channel by $3.23 (1.97%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 86.84% per annum.
- GOOG price at the close of August 7, 2024 was inside the secondary price channel.
- 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:

Y_{i} = α + β × X_{i} + ε_{i}

Top border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} + 2 × s)

Bottom border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} – 2 × s)

where:

i - observation number

Y_{i} - natural logarithm of GOOG price

X_{i} - time index, 1 day interval

σ - standard deviation of ε_{i}

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: August 1, 2024

a = 3.1880

b = 0.0011

s = 0.0567

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × 0.0011) – 1

= 49.90%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0567) – 1

= 25.45%

#### October 26, 2022 calculations

Top border of price channel:

Exp(Y_{811})

= Exp(a + b × X_{811} + 2 × s)

= Exp(a + b × 1,175 + 2 × s)

= Exp(3.1880 + 0.0011 × 1,175 + 2 × 0.0567)

= Exp(4.6045)

= $99.93

Bottom border of price channel:

Exp(Y_{811})

= Exp(a + b × X_{811} – 2 × s)

= Exp(a + b × 1,175 – 2 × s)

= Exp(3.1880 + 0.0011 × 1,175 – 2 × 0.0567)

= Exp(4.3778)

= $79.66

#### August 1, 2024 calculations

Top border of price channel:

Exp(Y_{1,253})

= Exp(a + b × X_{1,253} + 2 × s)

= Exp(a + b × 1,820 + 2 × s)

= Exp(3.1880 + 0.0011 × 1,820 + 2 × 0.0567)

= Exp(5.3198)

= $204.35

Bottom border of price channel:

Exp(Y_{1,253})

= Exp(a + b × X_{1,253} – 2 × s)

= Exp(a + b × 1,820 – 2 × s)

= Exp(3.1880 + 0.0011 × 1,820 – 2 × 0.0567)

= Exp(5.0931)

= $162.89

#### Description

- The primary trend is increasing.
- The growth rate of the primary trend is 49.90% per annum.
- GOOG price at the close of August 7, 2024 was $160.75 and was lower than the bottom border of the primary price channel by $3.23 (1.97%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date: July 5, 2024

End date: August 7, 2024

a = 15.2380

b = -0.0056

s = 0.0193

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0056) – 1

= -86.84%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0193) – 1

= 8.04%

#### July 5, 2024 calculations

Top border of price channel:

Exp(Y_{1,234})

= Exp(a + b × X_{1,234} + 2 × s)

= Exp(a + b × 1,793 + 2 × s)

= Exp(15.2380 + -0.0056 × 1,793 + 2 × 0.0193)

= Exp(5.3130)

= $202.95

Bottom border of price channel:

Exp(Y_{1,234})

= Exp(a + b × X_{1,234} – 2 × s)

= Exp(a + b × 1,793 – 2 × s)

= Exp(15.2380 + -0.0056 × 1,793 – 2 × 0.0193)

= Exp(5.2357)

= $187.85

#### August 7, 2024 calculations

Top border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} + 2 × s)

= Exp(a + b × 1,826 + 2 × s)

= Exp(15.2380 + -0.0056 × 1,826 + 2 × 0.0193)

= Exp(5.1296)

= $168.95

Bottom border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} – 2 × s)

= Exp(a + b × 1,826 – 2 × s)

= Exp(15.2380 + -0.0056 × 1,826 – 2 × 0.0193)

= Exp(5.0523)

= $156.38

#### Description

- The secondary trend is decreasing.
- The decline rate of the secondary trend is 86.84% per annum.
- GOOG price at the close of August 7, 2024 was inside the secondary price channel.