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 increasing.
- The growth rate of the primary trend is 128.30% per annum.
- MKSI price at the close of July 26, 2024 was $124.57 and was lower than the bottom border of the primary price channel by $0.31 (0.25%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.80% per annum.
- MKSI price at the close of July 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 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: September 19, 2023
End date: July 17, 2024
a = 0.9001
b = 0.0023
s = 0.0990
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 128.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0990) – 1
= 48.58%
September 19, 2023 calculations
Top border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 + 2 × s)
= Exp(a + b × 1,513 + 2 × s)
= Exp(0.9001 + 0.0023 × 1,513 + 2 × 0.0990)
= Exp(4.5199)
= $91.83
Bottom border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 – 2 × s)
= Exp(a + b × 1,513 – 2 × s)
= Exp(0.9001 + 0.0023 × 1,513 – 2 × 0.0990)
= Exp(4.1240)
= $61.81
July 17, 2024 calculations
Top border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,815 + 2 × s)
= Exp(0.9001 + 0.0023 × 1,815 + 2 × 0.0990)
= Exp(5.2030)
= $181.81
Bottom border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,815 – 2 × s)
= Exp(0.9001 + 0.0023 × 1,815 – 2 × 0.0990)
= Exp(4.8070)
= $122.37
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 128.30% per annum.
- MKSI price at the close of July 26, 2024 was $124.57 and was lower than the bottom border of the primary price channel by $0.31 (0.25%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 8, 2024
End date: July 26, 2024
a = 3.7829
b = 0.0006
s = 0.0472
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0472) – 1
= 20.79%
February 8, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,655 + 2 × s)
= Exp(3.7829 + 0.0006 × 1,655 + 2 × 0.0472)
= Exp(4.8818)
= $131.87
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,655 – 2 × s)
= Exp(3.7829 + 0.0006 × 1,655 – 2 × 0.0472)
= Exp(4.6929)
= $109.17
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.7829 + 0.0006 × 1,824 + 2 × 0.0472)
= Exp(4.9844)
= $146.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.7829 + 0.0006 × 1,824 – 2 × 0.0472)
= Exp(4.7955)
= $120.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.80% per annum.
- MKSI price at the close of July 26, 2024 was inside the secondary price channel.