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 99.10% per annum.
- TKO price at the close of July 26, 2024 was $107.65 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.56% per annum.
- TKO 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 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: December 4, 2023
End date: July 12, 2024
a = 4.1442
b = 0.0019
s = 0.0421
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 99.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0421) – 1
= 18.32%
December 4, 2023 calculations
Top border of price channel:
Exp(Y58)
= Exp(a + b × X58 + 2 × s)
= Exp(a + b × 83 + 2 × s)
= Exp(4.1442 + 0.0019 × 83 + 2 × 0.0421)
= Exp(4.3849)
= $80.23
Bottom border of price channel:
Exp(Y58)
= Exp(a + b × X58 – 2 × s)
= Exp(a + b × 83 – 2 × s)
= Exp(4.1442 + 0.0019 × 83 – 2 × 0.0421)
= Exp(4.2166)
= $67.81
July 12, 2024 calculations
Top border of price channel:
Exp(Y209)
= Exp(a + b × X209 + 2 × s)
= Exp(a + b × 304 + 2 × s)
= Exp(4.1442 + 0.0019 × 304 + 2 × 0.0421)
= Exp(4.8018)
= $121.73
Bottom border of price channel:
Exp(Y209)
= Exp(a + b × X209 – 2 × s)
= Exp(a + b × 304 – 2 × s)
= Exp(4.1442 + 0.0019 × 304 – 2 × 0.0421)
= Exp(4.6336)
= $102.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 99.10% per annum.
- TKO price at the close of July 26, 2024 was $107.65 and was inside the primary price channel.
Secondary Trend
Start date: May 15, 2024
End date: July 26, 2024
a = 4.6428
b = 0.0001
s = 0.0183
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0183) – 1
= 7.59%
May 15, 2024 calculations
Top border of price channel:
Exp(Y170)
= Exp(a + b × X170 + 2 × s)
= Exp(a + b × 246 + 2 × s)
= Exp(4.6428 + 0.0001 × 246 + 2 × 0.0183)
= Exp(4.7094)
= $110.99
Bottom border of price channel:
Exp(Y170)
= Exp(a + b × X170 – 2 × s)
= Exp(a + b × 246 – 2 × s)
= Exp(4.6428 + 0.0001 × 246 – 2 × 0.0183)
= Exp(4.6363)
= $103.16
July 26, 2024 calculations
Top border of price channel:
Exp(Y219)
= Exp(a + b × X219 + 2 × s)
= Exp(a + b × 318 + 2 × s)
= Exp(4.6428 + 0.0001 × 318 + 2 × 0.0183)
= Exp(4.7182)
= $111.97
Bottom border of price channel:
Exp(Y219)
= Exp(a + b × X219 – 2 × s)
= Exp(a + b × 318 – 2 × s)
= Exp(4.6428 + 0.0001 × 318 – 2 × 0.0183)
= Exp(4.6451)
= $104.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.56% per annum.
- TKO price at the close of July 26, 2024 was inside the secondary price channel.