News Corp A (NWSA)
News Corporation is an American mass media and publishing company operating across digital real estate information, news media, book publishing, and cable television.
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 47.62% per annum.
- NWSA price at the close of July 26, 2024 was $27.49 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.84% per annum.
- NWSA 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 NWSA 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 22, 2023
End date: July 26, 2024
a = 1.4097
b = 0.0011
s = 0.0405
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0405) – 1
= 17.58%
February 22, 2023 calculations
Top border of price channel:
Exp(Y899)
= Exp(a + b × X899 + 2 × s)
= Exp(a + b × 1,304 + 2 × s)
= Exp(1.4097 + 0.0011 × 1,304 + 2 × 0.0405)
= Exp(2.8822)
= $17.85
Bottom border of price channel:
Exp(Y899)
= Exp(a + b × X899 – 2 × s)
= Exp(a + b × 1,304 – 2 × s)
= Exp(1.4097 + 0.0011 × 1,304 – 2 × 0.0405)
= Exp(2.7203)
= $15.18
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(1.4097 + 0.0011 × 1,824 + 2 × 0.0405)
= Exp(3.4371)
= $31.10
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.4097 + 0.0011 × 1,824 – 2 × 0.0405)
= Exp(3.2751)
= $26.45
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.62% per annum.
- NWSA price at the close of July 26, 2024 was $27.49 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2023
End date: July 26, 2024
a = 2.2046
b = 0.0006
s = 0.0352
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0352) – 1
= 15.10%
December 19, 2023 calculations
Top border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 + 2 × s)
= Exp(a + b × 1,604 + 2 × s)
= Exp(2.2046 + 0.0006 × 1,604 + 2 × 0.0352)
= Exp(3.2500)
= $25.79
Bottom border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 – 2 × s)
= Exp(a + b × 1,604 – 2 × s)
= Exp(2.2046 + 0.0006 × 1,604 – 2 × 0.0352)
= Exp(3.1093)
= $22.41
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(2.2046 + 0.0006 × 1,824 + 2 × 0.0352)
= Exp(3.3837)
= $29.48
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.2046 + 0.0006 × 1,824 – 2 × 0.0352)
= Exp(3.2431)
= $25.61
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.84% per annum.
- NWSA price at the close of July 26, 2024 was inside the secondary price channel.