Meta Platforms Inc. (META)
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
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 169.48% per annum.
- META price at the close of April 26, 2024 was $443.29 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 117.41% per annum.
- META price at the close of April 26, 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 META 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 26, 2022
End date: April 24, 2024
a = 1.3536
b = 0.0027
s = 0.1230
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 169.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1230) – 1
= 63.54%
September 26, 2022 calculations
Top border of price channel:
Exp(Y860)
= Exp(a + b × X860 + 2 × s)
= Exp(a + b × 1,246 + 2 × s)
= Exp(1.3536 + 0.0027 × 1,246 + 2 × 0.1230)
= Exp(4.9836)
= $146.01
Bottom border of price channel:
Exp(Y860)
= Exp(a + b × X860 – 2 × s)
= Exp(a + b × 1,246 – 2 × s)
= Exp(1.3536 + 0.0027 × 1,246 – 2 × 0.1230)
= Exp(4.4918)
= $89.28
April 24, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(1.3536 + 0.0027 × 1,822 + 2 × 0.1230)
= Exp(6.5481)
= $697.88
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(1.3536 + 0.0027 × 1,822 – 2 × 0.1230)
= Exp(6.0562)
= $426.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 169.48% per annum.
- META price at the close of April 26, 2024 was $443.29 and was inside the primary price channel.
Secondary Trend
Start date: March 15, 2023
End date: April 26, 2024
a = 2.3324
b = 0.0021
s = 0.0770
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 117.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0770) – 1
= 36.04%
March 15, 2023 calculations
Top border of price channel:
Exp(Y977)
= Exp(a + b × X977 + 2 × s)
= Exp(a + b × 1,416 + 2 × s)
= Exp(2.3324 + 0.0021 × 1,416 + 2 × 0.0770)
= Exp(5.4991)
= $244.48
Bottom border of price channel:
Exp(Y977)
= Exp(a + b × X977 – 2 × s)
= Exp(a + b × 1,416 – 2 × s)
= Exp(2.3324 + 0.0021 × 1,416 – 2 × 0.0770)
= Exp(5.1913)
= $179.71
April 26, 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(2.3324 + 0.0021 × 1,824 + 2 × 0.0770)
= Exp(6.3672)
= $582.45
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.3324 + 0.0021 × 1,824 – 2 × 0.0770)
= Exp(6.0594)
= $428.13
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 117.41% per annum.
- META price at the close of April 26, 2024 was inside the secondary price channel.