Paramount Global Class B (PARA)
Paramount Global is a global media and entertainment company. 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 15.52% per annum.
- PARA price at the close of April 29, 2025 was $11.75 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 757.96% per annum.
- PARA price at the close of April 29, 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 PARA 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: August 5, 2024
End date: April 29, 2025
a = 1.7125
b = 0.0004
s = 0.0349
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0349) – 1
= 15.00%
August 5, 2024 calculations
Top border of price channel:
Exp(Y1,072)
= Exp(a + b × X1,072 + 2 × s)
= Exp(a + b × 1,558 + 2 × s)
= Exp(1.7125 + 0.0004 × 1,558 + 2 × 0.0349)
= Exp(2.3981)
= $11.00
Bottom border of price channel:
Exp(Y1,072)
= Exp(a + b × X1,072 – 2 × s)
= Exp(a + b × 1,558 – 2 × s)
= Exp(1.7125 + 0.0004 × 1,558 – 2 × 0.0349)
= Exp(2.2583)
= $9.57
April 29, 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(1.7125 + 0.0004 × 1,825 + 2 × 0.0349)
= Exp(2.5036)
= $12.23
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.7125 + 0.0004 × 1,825 – 2 × 0.0349)
= Exp(2.3638)
= $10.63
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 15.52% per annum.
- PARA price at the close of April 29, 2025 was $11.75 and was inside the primary price channel.
Secondary Trend
Start date: April 11, 2025
End date: April 29, 2025
a = -8.2884
b = 0.0059
s = 0.0177
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0059) – 1
= 757.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0177) – 1
= 7.33%
April 11, 2025 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(-8.2884 + 0.0059 × 1,807 + 2 × 0.0177)
= Exp(2.3879)
= $10.89
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(-8.2884 + 0.0059 × 1,807 – 2 × 0.0177)
= Exp(2.3172)
= $10.15
April 29, 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(-8.2884 + 0.0059 × 1,825 + 2 × 0.0177)
= Exp(2.4939)
= $12.11
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-8.2884 + 0.0059 × 1,825 – 2 × 0.0177)
= Exp(2.4232)
= $11.28
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 757.96% per annum.
- PARA price at the close of April 29, 2025 was inside the secondary price channel.