WisdomTree Inc. (WT)
None
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 120.87% per annum.
- WT price at the close of July 26, 2024 was $11.62 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.86% per annum.
- WT price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.42 (3.75%).
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 WT 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: October 27, 2023
End date: July 26, 2024
a = -1.5729
b = 0.0022
s = 0.0437
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 120.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0437) – 1
= 19.10%
October 27, 2023 calculations
Top border of price channel:
Exp(Y1,059)
= Exp(a + b × X1,059 + 2 × s)
= Exp(a + b × 1,551 + 2 × s)
= Exp(-1.5729 + 0.0022 × 1,551 + 2 × 0.0437)
= Exp(1.8818)
= $6.57
Bottom border of price channel:
Exp(Y1,059)
= Exp(a + b × X1,059 – 2 × s)
= Exp(a + b × 1,551 – 2 × s)
= Exp(-1.5729 + 0.0022 × 1,551 – 2 × 0.0437)
= Exp(1.7070)
= $5.51
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-1.5729 + 0.0022 × 1,824 + 2 × 0.0437)
= Exp(2.4745)
= $11.88
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.5729 + 0.0022 × 1,824 – 2 × 0.0437)
= Exp(2.2997)
= $9.97
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 120.87% per annum.
- WT price at the close of July 26, 2024 was $11.62 and was inside the primary price channel.
Secondary Trend
Start date: March 8, 2024
End date: July 26, 2024
a = -0.3251
b = 0.0015
s = 0.0321
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0321) – 1
= 13.70%
March 8, 2024 calculations
Top border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 + 2 × s)
= Exp(a + b × 1,684 + 2 × s)
= Exp(-0.3251 + 0.0015 × 1,684 + 2 × 0.0321)
= Exp(2.2104)
= $9.12
Bottom border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 – 2 × s)
= Exp(a + b × 1,684 – 2 × s)
= Exp(-0.3251 + 0.0015 × 1,684 – 2 × 0.0321)
= Exp(2.0821)
= $8.02
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.3251 + 0.0015 × 1,824 + 2 × 0.0321)
= Exp(2.4159)
= $11.20
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.3251 + 0.0015 × 1,824 – 2 × 0.0321)
= Exp(2.2875)
= $9.85
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.86% per annum.
- WT price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.42 (3.75%).