Alphabet Inc Class A (GOOGL)
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 46.43% per annum.
- GOOGL price at the close of January 24, 2025 was $200.21 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.12% per annum.
- GOOGL price at the close of January 24, 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 GOOGL 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: September 23, 2022
End date: August 2, 2024
a = 3.4596
b = 0.0010
s = 0.0616
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 46.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0616) – 1
= 27.96%
September 23, 2022 calculations
Top border of price channel:
Exp(Y671)
= Exp(a + b × X671 + 2 × s)
= Exp(a + b × 970 + 2 × s)
= Exp(3.4596 + 0.0010 × 970 + 2 × 0.0616)
= Exp(4.5963)
= $99.12
Bottom border of price channel:
Exp(Y671)
= Exp(a + b × X671 – 2 × s)
= Exp(a + b × 970 – 2 × s)
= Exp(3.4596 + 0.0010 × 970 – 2 × 0.0616)
= Exp(4.3498)
= $77.46
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 + 2 × s)
= Exp(a + b × 1,649 + 2 × s)
= Exp(3.4596 + 0.0010 × 1,649 + 2 × 0.0616)
= Exp(5.3058)
= $201.50
Bottom border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 – 2 × s)
= Exp(a + b × 1,649 – 2 × s)
= Exp(3.4596 + 0.0010 × 1,649 – 2 × 0.0616)
= Exp(5.0593)
= $157.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.43% per annum.
- GOOGL price at the close of January 24, 2025 was $200.21 and was inside the primary price channel.
Secondary Trend
Start date: May 11, 2023
End date: January 23, 2025
a = 3.8891
b = 0.0007
s = 0.0570
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 31.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0570) – 1
= 25.60%
May 11, 2023 calculations
Top border of price channel:
Exp(Y829)
= Exp(a + b × X829 + 2 × s)
= Exp(a + b × 1,200 + 2 × s)
= Exp(3.8891 + 0.0007 × 1,200 + 2 × 0.0570)
= Exp(4.8937)
= $133.45
Bottom border of price channel:
Exp(Y829)
= Exp(a + b × X829 – 2 × s)
= Exp(a + b × 1,200 – 2 × s)
= Exp(3.8891 + 0.0007 × 1,200 – 2 × 0.0570)
= Exp(4.6658)
= $106.25
January 23, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.8891 + 0.0007 × 1,823 + 2 × 0.0570)
= Exp(5.3561)
= $211.90
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.8891 + 0.0007 × 1,823 – 2 × 0.0570)
= Exp(5.1282)
= $168.71
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.12% per annum.
- GOOGL price at the close of January 24, 2025 was inside the secondary price channel.