New York Times Company (NYT)
The New York Times Company provides news and information for readers and viewers on various platforms worldwide. The company is headquartered in New York, New York.
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 31.31% per annum.
- NYT price at the close of July 26, 2024 was $53.87 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 127.12% per annum.
- NYT 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 NYT 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: June 13, 2022
End date: July 26, 2024
a = 2.5851
b = 0.0007
s = 0.0596
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 31.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0596) – 1
= 26.93%
June 13, 2022 calculations
Top border of price channel:
Exp(Y725)
= Exp(a + b × X725 + 2 × s)
= Exp(a + b × 1,050 + 2 × s)
= Exp(2.5851 + 0.0007 × 1,050 + 2 × 0.0596)
= Exp(3.4878)
= $32.71
Bottom border of price channel:
Exp(Y725)
= Exp(a + b × X725 – 2 × s)
= Exp(a + b × 1,050 – 2 × s)
= Exp(2.5851 + 0.0007 × 1,050 – 2 × 0.0596)
= Exp(3.2493)
= $25.77
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(2.5851 + 0.0007 × 1,824 + 2 × 0.0596)
= Exp(4.0654)
= $58.29
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.5851 + 0.0007 × 1,824 – 2 × 0.0596)
= Exp(3.8269)
= $45.92
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 31.31% per annum.
- NYT price at the close of July 26, 2024 was $53.87 and was inside the primary price channel.
Secondary Trend
Start date: March 28, 2024
End date: July 26, 2024
a = -0.0928
b = 0.0022
s = 0.0272
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 127.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0272) – 1
= 11.50%
March 28, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,704 + 2 × s)
= Exp(-0.0928 + 0.0022 × 1,704 + 2 × 0.0272)
= Exp(3.7913)
= $44.31
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,704 – 2 × s)
= Exp(-0.0928 + 0.0022 × 1,704 – 2 × 0.0272)
= Exp(3.6824)
= $39.74
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(-0.0928 + 0.0022 × 1,824 + 2 × 0.0272)
= Exp(4.0610)
= $58.03
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.0928 + 0.0022 × 1,824 – 2 × 0.0272)
= Exp(3.9521)
= $52.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 127.12% per annum.
- NYT price at the close of July 26, 2024 was inside the secondary price channel.