UFP Technologies Inc (UFPT)
UFP Technologies, Inc. designs and converts foams, films and plastic materials for the medical, automotive, consumer, electronic, industrial, aerospace and defense markets in the United States. The company is headquartered in Newburyport, Massachusetts.
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 98.67% per annum.
- UFPT price at the close of July 26, 2024 was $322.32 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 75.89% per annum.
- UFPT 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 UFPT 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: January 18, 2022
End date: September 7, 2023
a = 2.3910
b = 0.0019
s = 0.0863
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 98.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0863) – 1
= 41.25%
January 18, 2022 calculations
Top border of price channel:
Exp(Y624)
= Exp(a + b × X624 + 2 × s)
= Exp(a + b × 904 + 2 × s)
= Exp(2.3910 + 0.0019 × 904 + 2 × 0.0863)
= Exp(4.2639)
= $71.08
Bottom border of price channel:
Exp(Y624)
= Exp(a + b × X624 – 2 × s)
= Exp(a + b × 904 – 2 × s)
= Exp(2.3910 + 0.0019 × 904 – 2 × 0.0863)
= Exp(3.9185)
= $50.32
September 7, 2023 calculations
Top border of price channel:
Exp(Y1,035)
= Exp(a + b × X1,035 + 2 × s)
= Exp(a + b × 1,501 + 2 × s)
= Exp(2.3910 + 0.0019 × 1,501 + 2 × 0.0863)
= Exp(5.3867)
= $218.47
Bottom border of price channel:
Exp(Y1,035)
= Exp(a + b × X1,035 – 2 × s)
= Exp(a + b × 1,501 – 2 × s)
= Exp(2.3910 + 0.0019 × 1,501 – 2 × 0.0863)
= Exp(5.0413)
= $154.67
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 98.67% per annum.
- UFPT price at the close of July 26, 2024 was $322.32 and was inside the primary price channel.
Secondary Trend
Start date: January 18, 2022
End date: June 28, 2024
a = 2.7648
b = 0.0015
s = 0.1084
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 75.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1084) – 1
= 54.30%
January 18, 2022 calculations
Top border of price channel:
Exp(Y624)
= Exp(a + b × X624 + 2 × s)
= Exp(a + b × 904 + 2 × s)
= Exp(2.7648 + 0.0015 × 904 + 2 × 0.1084)
= Exp(4.3802)
= $79.85
Bottom border of price channel:
Exp(Y624)
= Exp(a + b × X624 – 2 × s)
= Exp(a + b × 904 – 2 × s)
= Exp(2.7648 + 0.0015 × 904 – 2 × 0.1084)
= Exp(3.9464)
= $51.75
June 28, 2024 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,796 + 2 × s)
= Exp(2.7648 + 0.0015 × 1,796 + 2 × 0.1084)
= Exp(5.7601)
= $317.38
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,796 – 2 × s)
= Exp(2.7648 + 0.0015 × 1,796 – 2 × 0.1084)
= Exp(5.3263)
= $205.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 75.89% per annum.
- UFPT price at the close of July 26, 2024 was inside the secondary price channel.