TKO Group Holdings Inc. (TKO)
TKO Group Holdings, Inc. is a sports and entertainment company. The company is headquartered in New York, New York.
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 257.41% per annum.
- TKO price at the close of May 10, 2024 was $100.00 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.00% per annum.
- TKO price at the close of May 10, 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 TKO 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: March 1, 2024
End date: May 10, 2024
a = 3.7819
b = 0.0035
s = 0.0311
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0035) – 1
= 257.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0311) – 1
= 13.25%
March 1, 2024 calculations
Top border of price channel:
Exp(Y118)
= Exp(a + b × X118 + 2 × s)
= Exp(a + b × 171 + 2 × s)
= Exp(3.7819 + 0.0035 × 171 + 2 × 0.0311)
= Exp(4.4409)
= $84.85
Bottom border of price channel:
Exp(Y118)
= Exp(a + b × X118 – 2 × s)
= Exp(a + b × 171 – 2 × s)
= Exp(3.7819 + 0.0035 × 171 – 2 × 0.0311)
= Exp(4.3164)
= $74.92
May 10, 2024 calculations
Top border of price channel:
Exp(Y167)
= Exp(a + b × X167 + 2 × s)
= Exp(a + b × 241 + 2 × s)
= Exp(3.7819 + 0.0035 × 241 + 2 × 0.0311)
= Exp(4.6852)
= $108.33
Bottom border of price channel:
Exp(Y167)
= Exp(a + b × X167 – 2 × s)
= Exp(a + b × 241 – 2 × s)
= Exp(3.7819 + 0.0035 × 241 – 2 × 0.0311)
= Exp(4.5607)
= $95.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 257.41% per annum.
- TKO price at the close of May 10, 2024 was $100.00 and was inside the primary price channel.
Secondary Trend
Start date: April 8, 2024
End date: May 10, 2024
a = 4.4879
b = 0.0004
s = 0.0135
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0135) – 1
= 5.57%
April 8, 2024 calculations
Top border of price channel:
Exp(Y143)
= Exp(a + b × X143 + 2 × s)
= Exp(a + b × 209 + 2 × s)
= Exp(4.4879 + 0.0004 × 209 + 2 × 0.0135)
= Exp(4.5950)
= $98.99
Bottom border of price channel:
Exp(Y143)
= Exp(a + b × X143 – 2 × s)
= Exp(a + b × 209 – 2 × s)
= Exp(4.4879 + 0.0004 × 209 – 2 × 0.0135)
= Exp(4.5408)
= $93.77
May 10, 2024 calculations
Top border of price channel:
Exp(Y167)
= Exp(a + b × X167 + 2 × s)
= Exp(a + b × 241 + 2 × s)
= Exp(4.4879 + 0.0004 × 241 + 2 × 0.0135)
= Exp(4.6072)
= $100.21
Bottom border of price channel:
Exp(Y167)
= Exp(a + b × X167 – 2 × s)
= Exp(a + b × 241 – 2 × s)
= Exp(4.4879 + 0.0004 × 241 – 2 × 0.0135)
= Exp(4.5531)
= $94.92
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.00% per annum.
- TKO price at the close of May 10, 2024 was inside the secondary price channel.