Sitime Corporation (SITM)
SiTime Corporation offers silicon timing systems in Taiwan, Hong Kong, the United States, and internationally.
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 30.02% per annum.
- SITM price at the close of July 25, 2024 was $143.74 and was higher than the top border of the primary price channel by $20.56 (16.69%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.90% per annum.
- SITM price at the close of July 25, 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 SITM 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, 2021
End date: May 8, 2024
a = 6.0289
b = -0.0010
s = 0.2279
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2279) – 1
= 148.85%
August 5, 2021 calculations
Top border of price channel:
Exp(Y429)
= Exp(a + b × X429 + 2 × s)
= Exp(a + b × 624 + 2 × s)
= Exp(6.0289 + -0.0010 × 624 + 2 × 0.2279)
= Exp(5.8746)
= $355.88
Bottom border of price channel:
Exp(Y429)
= Exp(a + b × X429 – 2 × s)
= Exp(a + b × 624 – 2 × s)
= Exp(6.0289 + -0.0010 × 624 – 2 × 0.2279)
= Exp(4.9629)
= $143.01
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 + 2 × s)
= Exp(a + b × 1,631 + 2 × s)
= Exp(6.0289 + -0.0010 × 1,631 + 2 × 0.2279)
= Exp(4.8899)
= $132.94
Bottom border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 – 2 × s)
= Exp(a + b × 1,631 – 2 × s)
= Exp(6.0289 + -0.0010 × 1,631 – 2 × 0.2279)
= Exp(3.9782)
= $53.42
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.02% per annum.
- SITM price at the close of July 25, 2024 was $143.74 and was higher than the top border of the primary price channel by $20.56 (16.69%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 19, 2022
End date: July 25, 2024
a = 4.4504
b = 0.0002
s = 0.1573
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1573) – 1
= 87.61%
August 19, 2022 calculations
Top border of price channel:
Exp(Y691)
= Exp(a + b × X691 + 2 × s)
= Exp(a + b × 1,003 + 2 × s)
= Exp(4.4504 + 0.0002 × 1,003 + 2 × 0.1573)
= Exp(4.9484)
= $140.95
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,003 – 2 × s)
= Exp(4.4504 + 0.0002 × 1,003 – 2 × 0.1573)
= Exp(4.3192)
= $75.13
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,709 + 2 × s)
= Exp(4.4504 + 0.0002 × 1,709 + 2 × 0.1573)
= Exp(5.0775)
= $160.37
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,709 – 2 × s)
= Exp(4.4504 + 0.0002 × 1,709 – 2 × 0.1573)
= Exp(4.4483)
= $85.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.90% per annum.
- SITM price at the close of July 25, 2024 was inside the secondary price channel.