Teradata Corp (TDC)
Teradata Corporation is a provider of hybrid cloud analytics software. The company is headquartered in San Diego, California.
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 35.44% per annum.
- TDC price at the close of July 26, 2024 was $32.14 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 45.67% per annum.
- TDC 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 TDC 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: June 9, 2023
End date: July 26, 2024
a = 5.6784
b = -0.0012
s = 0.0710
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0710) – 1
= 32.85%
June 9, 2023 calculations
Top border of price channel:
Exp(Y974)
= Exp(a + b × X974 + 2 × s)
= Exp(a + b × 1,411 + 2 × s)
= Exp(5.6784 + -0.0012 × 1,411 + 2 × 0.0710)
= Exp(4.1288)
= $62.10
Bottom border of price channel:
Exp(Y974)
= Exp(a + b × X974 – 2 × s)
= Exp(a + b × 1,411 – 2 × s)
= Exp(5.6784 + -0.0012 × 1,411 – 2 × 0.0710)
= Exp(3.8448)
= $46.75
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(5.6784 + -0.0012 × 1,824 + 2 × 0.0710)
= Exp(3.6337)
= $37.85
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.6784 + -0.0012 × 1,824 – 2 × 0.0710)
= Exp(3.3497)
= $28.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.44% per annum.
- TDC price at the close of July 26, 2024 was $32.14 and was inside the primary price channel.
Secondary Trend
Start date: November 10, 2023
End date: July 26, 2024
a = 6.4951
b = -0.0017
s = 0.0603
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -45.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0603) – 1
= 27.26%
November 10, 2023 calculations
Top border of price channel:
Exp(Y1,081)
= Exp(a + b × X1,081 + 2 × s)
= Exp(a + b × 1,565 + 2 × s)
= Exp(6.4951 + -0.0017 × 1,565 + 2 × 0.0603)
= Exp(4.0000)
= $54.60
Bottom border of price channel:
Exp(Y1,081)
= Exp(a + b × X1,081 – 2 × s)
= Exp(a + b × 1,565 – 2 × s)
= Exp(6.4951 + -0.0017 × 1,565 – 2 × 0.0603)
= Exp(3.7589)
= $42.90
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(6.4951 + -0.0017 × 1,824 + 2 × 0.0603)
= Exp(3.5671)
= $35.41
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.4951 + -0.0017 × 1,824 – 2 × 0.0603)
= Exp(3.3260)
= $27.83
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 45.67% per annum.
- TDC price at the close of July 26, 2024 was inside the secondary price channel.