MKS Instruments Inc (MKSI)
MKS Instruments, Inc. provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes globally. The company is headquartered in Andover, Massachusetts.
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 25.51% per annum.
- MKSI price at the close of May 10, 2024 was $130.50 and was higher than the top border of the primary price channel by $42.29 (47.95%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.21% per annum.
- MKSI 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 MKSI 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 2, 2020
End date: December 13, 2023
a = 5.6697
b = -0.0008
s = 0.1408
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1408) – 1
= 75.61%
December 2, 2020 calculations
Top border of price channel:
Exp(Y394)
= Exp(a + b × X394 + 2 × s)
= Exp(a + b × 569 + 2 × s)
= Exp(5.6697 + -0.0008 × 569 + 2 × 0.1408)
= Exp(5.4922)
= $242.79
Bottom border of price channel:
Exp(Y394)
= Exp(a + b × X394 – 2 × s)
= Exp(a + b × 569 – 2 × s)
= Exp(5.6697 + -0.0008 × 569 – 2 × 0.1408)
= Exp(4.9291)
= $138.26
December 13, 2023 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,675 + 2 × s)
= Exp(5.6697 + -0.0008 × 1,675 + 2 × 0.1408)
= Exp(4.5999)
= $99.47
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,675 – 2 × s)
= Exp(5.6697 + -0.0008 × 1,675 – 2 × 0.1408)
= Exp(4.0368)
= $56.65
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 25.51% per annum.
- MKSI price at the close of May 10, 2024 was $130.50 and was higher than the top border of the primary price channel by $42.29 (47.95%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 13, 2022
End date: May 10, 2024
a = 3.7013
b = 0.0005
s = 0.1370
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 22.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1370) – 1
= 72.99%
September 13, 2022 calculations
Top border of price channel:
Exp(Y841)
= Exp(a + b × X841 + 2 × s)
= Exp(a + b × 1,219 + 2 × s)
= Exp(3.7013 + 0.0005 × 1,219 + 2 × 0.1370)
= Exp(4.6453)
= $104.09
Bottom border of price channel:
Exp(Y841)
= Exp(a + b × X841 – 2 × s)
= Exp(a + b × 1,219 – 2 × s)
= Exp(3.7013 + 0.0005 × 1,219 – 2 × 0.1370)
= Exp(4.0972)
= $60.17
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(3.7013 + 0.0005 × 1,824 + 2 × 0.1370)
= Exp(4.9778)
= $145.15
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.7013 + 0.0005 × 1,824 – 2 × 0.1370)
= Exp(4.4297)
= $83.90
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.21% per annum.
- MKSI price at the close of May 10, 2024 was inside the secondary price channel.