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 30.05% per annum.
- SITM price at the close of May 7, 2024 was $97.00 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.90% per annum.
- SITM price at the close of May 7, 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 7, 2024
a = 6.0301
b = -0.0010
s = 0.2280
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2280) – 1
= 148.96%
August 5, 2021 calculations
Top border of price channel:
Exp(Y429)
= Exp(a + b × X429 + 2 × s)
= Exp(a + b × 624 + 2 × s)
= Exp(6.0301 + -0.0010 × 624 + 2 × 0.2280)
= Exp(5.8752)
= $356.10
Bottom border of price channel:
Exp(Y429)
= Exp(a + b × X429 – 2 × s)
= Exp(a + b × 624 – 2 × s)
= Exp(6.0301 + -0.0010 × 624 – 2 × 0.2280)
= Exp(4.9631)
= $143.04
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 + 2 × s)
= Exp(a + b × 1,630 + 2 × s)
= Exp(6.0301 + -0.0010 × 1,630 + 2 × 0.2280)
= Exp(4.8903)
= $132.99
Bottom border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 – 2 × s)
= Exp(a + b × 1,630 – 2 × s)
= Exp(6.0301 + -0.0010 × 1,630 – 2 × 0.2280)
= Exp(3.9782)
= $53.42
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.05% per annum.
- SITM price at the close of May 7, 2024 was $97.00 and was inside the primary price channel.
Secondary Trend
Start date: August 19, 2022
End date: May 7, 2024
a = 4.6445
b = 0.0000
s = 0.1549
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1549) – 1
= 85.84%
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(4.6445 + 0.0000 × 1,003 + 2 × 0.1549)
= Exp(4.9791)
= $145.34
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,003 – 2 × s)
= Exp(4.6445 + 0.0000 × 1,003 – 2 × 0.1549)
= Exp(4.3594)
= $78.21
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 + 2 × s)
= Exp(a + b × 1,630 + 2 × s)
= Exp(4.6445 + 0.0000 × 1,630 + 2 × 0.1549)
= Exp(4.9946)
= $147.61
Bottom border of price channel:
Exp(Y1,121)
= Exp(a + b × X1,121 – 2 × s)
= Exp(a + b × 1,630 – 2 × s)
= Exp(4.6445 + 0.0000 × 1,630 – 2 × 0.1549)
= Exp(4.3749)
= $79.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.90% per annum.
- SITM price at the close of May 7, 2024 was inside the secondary price channel.