Kyndryl Holdings Inc (KD)
None
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 57.67% per annum.
- KD price at the close of May 8, 2024 was $26.55 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 93.31% per annum.
- KD price at the close of May 8, 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 KD 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: June 9, 2022
End date: May 8, 2024
a = 1.9247
b = 0.0012
s = 0.1083
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1083) – 1
= 54.22%
June 9, 2022 calculations
Top border of price channel:
Exp(Y158)
= Exp(a + b × X158 + 2 × s)
= Exp(a + b × 230 + 2 × s)
= Exp(1.9247 + 0.0012 × 230 + 2 × 0.1083)
= Exp(2.4283)
= $11.34
Bottom border of price channel:
Exp(Y158)
= Exp(a + b × X158 – 2 × s)
= Exp(a + b × 230 – 2 × s)
= Exp(1.9247 + 0.0012 × 230 – 2 × 0.1083)
= Exp(1.9951)
= $7.35
May 8, 2024 calculations
Top border of price channel:
Exp(Y638)
= Exp(a + b × X638 + 2 × s)
= Exp(a + b × 929 + 2 × s)
= Exp(1.9247 + 0.0012 × 929 + 2 × 0.1083)
= Exp(3.3003)
= $27.12
Bottom border of price channel:
Exp(Y638)
= Exp(a + b × X638 – 2 × s)
= Exp(a + b × 929 – 2 × s)
= Exp(1.9247 + 0.0012 × 929 – 2 × 0.1083)
= Exp(2.8671)
= $17.59
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 57.67% per annum.
- KD price at the close of May 8, 2024 was $26.55 and was inside the primary price channel.
Secondary Trend
Start date: May 17, 2023
End date: May 8, 2024
a = 1.4814
b = 0.0018
s = 0.0748
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 93.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0748) – 1
= 34.90%
May 17, 2023 calculations
Top border of price channel:
Exp(Y393)
= Exp(a + b × X393 + 2 × s)
= Exp(a + b × 572 + 2 × s)
= Exp(1.4814 + 0.0018 × 572 + 2 × 0.0748)
= Exp(2.6640)
= $14.35
Bottom border of price channel:
Exp(Y393)
= Exp(a + b × X393 – 2 × s)
= Exp(a + b × 572 – 2 × s)
= Exp(1.4814 + 0.0018 × 572 – 2 × 0.0748)
= Exp(2.3647)
= $10.64
May 8, 2024 calculations
Top border of price channel:
Exp(Y638)
= Exp(a + b × X638 + 2 × s)
= Exp(a + b × 929 + 2 × s)
= Exp(1.4814 + 0.0018 × 929 + 2 × 0.0748)
= Exp(3.3087)
= $27.35
Bottom border of price channel:
Exp(Y638)
= Exp(a + b × X638 – 2 × s)
= Exp(a + b × 929 – 2 × s)
= Exp(1.4814 + 0.0018 × 929 – 2 × 0.0748)
= Exp(3.0094)
= $20.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 93.31% per annum.
- KD price at the close of May 8, 2024 was inside the secondary price channel.