MGM Resorts International (MGM)
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts globally.
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 24.14% per annum.
- MGM price at the close of April 28, 2025 was $32.21 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 41.04% per annum.
- MGM price at the close of April 28, 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 MGM 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: December 11, 2023
End date: April 28, 2025
a = 4.8453
b = -0.0008
s = 0.0618
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0618) – 1
= 28.03%
December 11, 2023 calculations
Top border of price channel:
Exp(Y911)
= Exp(a + b × X911 + 2 × s)
= Exp(a + b × 1,321 + 2 × s)
= Exp(4.8453 + -0.0008 × 1,321 + 2 × 0.0618)
= Exp(3.9689)
= $52.92
Bottom border of price channel:
Exp(Y911)
= Exp(a + b × X911 – 2 × s)
= Exp(a + b × 1,321 – 2 × s)
= Exp(4.8453 + -0.0008 × 1,321 – 2 × 0.0618)
= Exp(3.7218)
= $41.34
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.8453 + -0.0008 × 1,825 + 2 × 0.0618)
= Exp(3.5873)
= $36.14
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.8453 + -0.0008 × 1,825 – 2 × 0.0618)
= Exp(3.3403)
= $28.23
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 24.14% per annum.
- MGM price at the close of April 28, 2025 was $32.21 and was inside the primary price channel.
Secondary Trend
Start date: September 27, 2024
End date: April 28, 2025
a = 6.0359
b = -0.0014
s = 0.0544
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -41.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0544) – 1
= 24.30%
September 27, 2024 calculations
Top border of price channel:
Exp(Y1,111)
= Exp(a + b × X1,111 + 2 × s)
= Exp(a + b × 1,612 + 2 × s)
= Exp(6.0359 + -0.0014 × 1,612 + 2 × 0.0544)
= Exp(3.8115)
= $45.22
Bottom border of price channel:
Exp(Y1,111)
= Exp(a + b × X1,111 – 2 × s)
= Exp(a + b × 1,612 – 2 × s)
= Exp(6.0359 + -0.0014 × 1,612 – 2 × 0.0544)
= Exp(3.5939)
= $36.38
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.0359 + -0.0014 × 1,825 + 2 × 0.0544)
= Exp(3.5032)
= $33.22
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.0359 + -0.0014 × 1,825 – 2 × 0.0544)
= Exp(3.2856)
= $26.73
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 41.04% per annum.
- MGM price at the close of April 28, 2025 was inside the secondary price channel.