Virtu Financial Inc (VIRT)
Virtu Financial, Inc., a financial services company, provides data, analytics and connectivity products and execution services to clients around the world. 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 90.38% per annum.
- VIRT price at the close of April 29, 2025 was $38.52 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.13% per annum.
- VIRT price at the close of April 29, 2025 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 VIRT 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: September 13, 2023
End date: April 29, 2025
a = 0.5243
b = 0.0018
s = 0.0867
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 90.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0867) – 1
= 41.46%
September 13, 2023 calculations
Top border of price channel:
Exp(Y848)
= Exp(a + b × X848 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(0.5243 + 0.0018 × 1,231 + 2 × 0.0867)
= Exp(2.8693)
= $17.62
Bottom border of price channel:
Exp(Y848)
= Exp(a + b × X848 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(0.5243 + 0.0018 × 1,231 – 2 × 0.0867)
= Exp(2.5224)
= $12.46
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(0.5243 + 0.0018 × 1,825 + 2 × 0.0867)
= Exp(3.9171)
= $50.26
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.5243 + 0.0018 × 1,825 – 2 × 0.0867)
= Exp(3.5703)
= $35.53
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 90.38% per annum.
- VIRT price at the close of April 29, 2025 was $38.52 and was inside the primary price channel.
Secondary Trend
Start date: November 11, 2024
End date: April 29, 2025
a = 3.1013
b = 0.0003
s = 0.0397
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0397) – 1
= 17.22%
November 11, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,656 + 2 × s)
= Exp(3.1013 + 0.0003 × 1,656 + 2 × 0.0397)
= Exp(3.6596)
= $38.84
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,656 – 2 × s)
= Exp(3.1013 + 0.0003 × 1,656 – 2 × 0.0397)
= Exp(3.5007)
= $33.14
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.1013 + 0.0003 × 1,825 + 2 × 0.0397)
= Exp(3.7084)
= $40.79
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.1013 + 0.0003 × 1,825 – 2 × 0.0397)
= Exp(3.5495)
= $34.80
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.13% per annum.
- VIRT price at the close of April 29, 2025 was inside the secondary price channel.