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 decreasing.
- The decline rate of the primary trend is 35.43% per annum.
- PARA price at the close of May 10, 2024 was $13.05 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 113.01% per annum.
- PARA 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 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: March 25, 2021
End date: May 1, 2024
a = 4.5855
b = -0.0012
s = 0.1182
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1182) – 1
= 60.45%
March 25, 2021 calculations
Top border of price channel:
Exp(Y471)
= Exp(a + b × X471 + 2 × s)
= Exp(a + b × 682 + 2 × s)
= Exp(4.5855 + -0.0012 × 682 + 2 × 0.1182)
= Exp(4.0045)
= $54.85
Bottom border of price channel:
Exp(Y471)
= Exp(a + b × X471 – 2 × s)
= Exp(a + b × 682 – 2 × s)
= Exp(4.5855 + -0.0012 × 682 – 2 × 0.1182)
= Exp(3.5317)
= $34.18
May 1, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,815 + 2 × s)
= Exp(4.5855 + -0.0012 × 1,815 + 2 × 0.1182)
= Exp(2.6466)
= $14.11
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,815 – 2 × s)
= Exp(4.5855 + -0.0012 × 1,815 – 2 × 0.1182)
= Exp(2.1738)
= $8.79
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.43% per annum.
- PARA price at the close of May 10, 2024 was $13.05 and was inside the primary price channel.
Secondary Trend
Start date: February 23, 2024
End date: May 10, 2024
a = -1.2468
b = 0.0021
s = 0.0575
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 113.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0575) – 1
= 25.85%
February 23, 2024 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,747 + 2 × s)
= Exp(-1.2468 + 0.0021 × 1,747 + 2 × 0.0575)
= Exp(2.4873)
= $12.03
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,747 – 2 × s)
= Exp(-1.2468 + 0.0021 × 1,747 – 2 × 0.0575)
= Exp(2.2574)
= $9.56
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(-1.2468 + 0.0021 × 1,824 + 2 × 0.0575)
= Exp(2.6469)
= $14.11
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.2468 + 0.0021 × 1,824 – 2 × 0.0575)
= Exp(2.4169)
= $11.21
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 113.01% per annum.
- PARA price at the close of May 10, 2024 was inside the secondary price channel.