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 30.72% per annum.
- TDC price at the close of May 8, 2024 was $32.70 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.79% per annum.
- TDC price at the close of May 8, 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 2, 2023
End date: May 8, 2024
a = 5.4606
b = -0.0010
s = 0.0725
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0725) – 1
= 33.64%
June 2, 2023 calculations
Top border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 + 2 × s)
= Exp(a + b × 1,485 + 2 × s)
= Exp(5.4606 + -0.0010 × 1,485 + 2 × 0.0725)
= Exp(4.1126)
= $61.10
Bottom border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 – 2 × s)
= Exp(a + b × 1,485 – 2 × s)
= Exp(5.4606 + -0.0010 × 1,485 – 2 × 0.0725)
= Exp(3.8226)
= $45.72
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.4606 + -0.0010 × 1,826 + 2 × 0.0725)
= Exp(3.7697)
= $43.37
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.4606 + -0.0010 × 1,826 – 2 × 0.0725)
= Exp(3.4797)
= $32.45
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.72% per annum.
- TDC price at the close of May 8, 2024 was $32.70 and was inside the primary price channel.
Secondary Trend
Start date: January 10, 2024
End date: May 8, 2024
a = 8.2246
b = -0.0026
s = 0.0646
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0026) – 1
= -60.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0646) – 1
= 29.50%
January 10, 2024 calculations
Top border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 + 2 × s)
= Exp(a + b × 1,707 + 2 × s)
= Exp(8.2246 + -0.0026 × 1,707 + 2 × 0.0646)
= Exp(3.9756)
= $53.28
Bottom border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 – 2 × s)
= Exp(a + b × 1,707 – 2 × s)
= Exp(8.2246 + -0.0026 × 1,707 – 2 × 0.0646)
= Exp(3.7171)
= $41.14
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(8.2246 + -0.0026 × 1,826 + 2 × 0.0646)
= Exp(3.6703)
= $39.27
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(8.2246 + -0.0026 × 1,826 – 2 × 0.0646)
= Exp(3.4119)
= $30.32
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.79% per annum.
- TDC price at the close of May 8, 2024 was inside the secondary price channel.