Live Nation Entertainment Inc (LYV)
Live Nation Entertainment, Inc is an American global entertainment company, founded in 2010, following the merger of Live Nation and Ticketmaster. The company promotes, operates, and manages ticket sales for live entertainment in the United States and internationally. It also owns and operates entertainment venues, and manages the careers of music artists.
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 5.05% per annum.
- LYV price at the close of May 10, 2024 was $97.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.88% per annum.
- LYV price at the close of May 10, 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:
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 LYV 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: February 12, 2021
End date: February 14, 2024
a = 4.6438
b = -0.0001
s = 0.1378
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -5.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1378) – 1
= 73.51%
February 12, 2021 calculations
Top border of price channel:
Exp(Y443)
= Exp(a + b × X443 + 2 × s)
= Exp(a + b × 641 + 2 × s)
= Exp(4.6438 + -0.0001 × 641 + 2 × 0.1378)
= Exp(4.8283)
= $124.99
Bottom border of price channel:
Exp(Y443)
= Exp(a + b × X443 – 2 × s)
= Exp(a + b × 641 – 2 × s)
= Exp(4.6438 + -0.0001 × 641 – 2 × 0.1378)
= Exp(4.2772)
= $72.04
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 + 2 × s)
= Exp(a + b × 1,738 + 2 × s)
= Exp(4.6438 + -0.0001 × 1,738 + 2 × 0.1378)
= Exp(4.6724)
= $106.95
Bottom border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 – 2 × s)
= Exp(a + b × 1,738 – 2 × s)
= Exp(4.6438 + -0.0001 × 1,738 – 2 × 0.1378)
= Exp(4.1213)
= $61.64
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 5.05% per annum.
- LYV price at the close of May 10, 2024 was $97.02 and was inside the primary price channel.
Secondary Trend
Start date: November 4, 2022
End date: May 10, 2024
a = 3.4399
b = 0.0006
s = 0.0712
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0712) – 1
= 32.96%
November 4, 2022 calculations
Top border of price channel:
Exp(Y879)
= Exp(a + b × X879 + 2 × s)
= Exp(a + b × 1,271 + 2 × s)
= Exp(3.4399 + 0.0006 × 1,271 + 2 × 0.0712)
= Exp(4.3839)
= $80.15
Bottom border of price channel:
Exp(Y879)
= Exp(a + b × X879 – 2 × s)
= Exp(a + b × 1,271 – 2 × s)
= Exp(3.4399 + 0.0006 × 1,271 – 2 × 0.0712)
= Exp(4.0990)
= $60.28
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.4399 + 0.0006 × 1,824 + 2 × 0.0712)
= Exp(4.7326)
= $113.59
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.4399 + 0.0006 × 1,824 – 2 × 0.0712)
= Exp(4.4477)
= $85.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.88% per annum.
- LYV price at the close of May 10, 2024 was inside the secondary price channel.