Perdoceo Education Corp (PRDO)
Perdoceo Education Corporation provides postsecondary education to students through online, campus-based, and blended learning programs in the United States. The company is headquartered in Schaumburg, Illinois.
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 29.90% per annum.
- PRDO price at the close of July 26, 2024 was $24.79 and was higher than the top border of the primary price channel by $0.30 (1.23%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 60.75% per annum.
- PRDO 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 PRDO 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 3, 2021
End date: July 26, 2024
a = 1.6802
b = 0.0007
s = 0.1053
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1053) – 1
= 52.38%
September 3, 2021 calculations
Top border of price channel:
Exp(Y531)
= Exp(a + b × X531 + 2 × s)
= Exp(a + b × 767 + 2 × s)
= Exp(1.6802 + 0.0007 × 767 + 2 × 0.1053)
= Exp(2.4406)
= $11.48
Bottom border of price channel:
Exp(Y531)
= Exp(a + b × X531 – 2 × s)
= Exp(a + b × 767 – 2 × s)
= Exp(1.6802 + 0.0007 × 767 – 2 × 0.1053)
= Exp(2.0194)
= $7.53
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(1.6802 + 0.0007 × 1,824 + 2 × 0.1053)
= Exp(3.1982)
= $24.49
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.6802 + 0.0007 × 1,824 – 2 × 0.1053)
= Exp(2.7770)
= $16.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.90% per annum.
- PRDO price at the close of July 26, 2024 was $24.79 and was higher than the top border of the primary price channel by $0.30 (1.23%).
Secondary Trend
Start date: March 22, 2023
End date: July 26, 2024
a = 0.7483
b = 0.0013
s = 0.0853
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 60.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0853) – 1
= 40.67%
March 22, 2023 calculations
Top border of price channel:
Exp(Y919)
= Exp(a + b × X919 + 2 × s)
= Exp(a + b × 1,332 + 2 × s)
= Exp(0.7483 + 0.0013 × 1,332 + 2 × 0.0853)
= Exp(2.6513)
= $14.17
Bottom border of price channel:
Exp(Y919)
= Exp(a + b × X919 – 2 × s)
= Exp(a + b × 1,332 – 2 × s)
= Exp(0.7483 + 0.0013 × 1,332 – 2 × 0.0853)
= Exp(2.3100)
= $10.07
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(0.7483 + 0.0013 × 1,824 + 2 × 0.0853)
= Exp(3.2911)
= $26.87
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.7483 + 0.0013 × 1,824 – 2 × 0.0853)
= Exp(2.9499)
= $19.10
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 60.75% per annum.
- PRDO price at the close of July 26, 2024 was inside the secondary price channel.