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 60.46% per annum.
- UFPT price at the close of May 8, 2024 was $251.94 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 76.16% per annum.
- UFPT 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 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: August 31, 2020
End date: May 8, 2024
a = 3.0089
b = 0.0013
s = 0.1053
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 60.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1053) – 1
= 52.38%
August 31, 2020 calculations
Top border of price channel:
Exp(Y331)
= Exp(a + b × X331 + 2 × s)
= Exp(a + b × 480 + 2 × s)
= Exp(3.0089 + 0.0013 × 480 + 2 × 0.1053)
= Exp(3.8414)
= $46.59
Bottom border of price channel:
Exp(Y331)
= Exp(a + b × X331 – 2 × s)
= Exp(a + b × 480 – 2 × s)
= Exp(3.0089 + 0.0013 × 480 – 2 × 0.1053)
= Exp(3.4202)
= $30.58
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(3.0089 + 0.0013 × 1,826 + 2 × 0.1053)
= Exp(5.5853)
= $266.48
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0089 + 0.0013 × 1,826 – 2 × 0.1053)
= Exp(5.1641)
= $174.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 60.46% per annum.
- UFPT price at the close of May 8, 2024 was $251.94 and was inside the primary price channel.
Secondary Trend
Start date: February 24, 2022
End date: May 8, 2024
a = 2.6273
b = 0.0016
s = 0.1121
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 76.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1121) – 1
= 56.57%
February 24, 2022 calculations
Top border of price channel:
Exp(Y705)
= Exp(a + b × X705 + 2 × s)
= Exp(a + b × 1,022 + 2 × s)
= Exp(2.6273 + 0.0016 × 1,022 + 2 × 0.1121)
= Exp(4.4368)
= $84.50
Bottom border of price channel:
Exp(Y705)
= Exp(a + b × X705 – 2 × s)
= Exp(a + b × 1,022 – 2 × s)
= Exp(2.6273 + 0.0016 × 1,022 – 2 × 0.1121)
= Exp(3.9885)
= $53.97
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(2.6273 + 0.0016 × 1,826 + 2 × 0.1121)
= Exp(5.6840)
= $294.11
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.6273 + 0.0016 × 1,826 – 2 × 0.1121)
= Exp(5.2356)
= $187.85
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 76.16% per annum.
- UFPT price at the close of May 8, 2024 was inside the secondary price channel.