ZoomInfo Technologies Inc (ZI)
ZoomInfo Technologies Inc. operates a cloud-based go-to-market intelligence platform for sales and marketing teams globally. The company is headquartered in Vancouver, Washington.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.85% per annum.
- ZI price at the close of July 26, 2024 was $11.59 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.90% per annum.
- ZI 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 ZI 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 23, 2021
End date: July 26, 2024
a = 5.0475
b = -0.0017
s = 0.1376
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1376) – 1
= 73.42%
August 23, 2021 calculations
Top border of price channel:
Exp(Y307)
= Exp(a + b × X307 + 2 × s)
= Exp(a + b × 445 + 2 × s)
= Exp(5.0475 + -0.0017 × 445 + 2 × 0.1376)
= Exp(4.5523)
= $94.85
Bottom border of price channel:
Exp(Y307)
= Exp(a + b × X307 – 2 × s)
= Exp(a + b × 445 – 2 × s)
= Exp(5.0475 + -0.0017 × 445 – 2 × 0.1376)
= Exp(4.0017)
= $54.69
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 + 2 × s)
= Exp(a + b × 1,513 + 2 × s)
= Exp(5.0475 + -0.0017 × 1,513 + 2 × 0.1376)
= Exp(2.7032)
= $14.93
Bottom border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 – 2 × s)
= Exp(a + b × 1,513 – 2 × s)
= Exp(5.0475 + -0.0017 × 1,513 – 2 × 0.1376)
= Exp(2.1526)
= $8.61
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.85% per annum.
- ZI price at the close of July 26, 2024 was $11.59 and was inside the primary price channel.
Secondary Trend
Start date: August 1, 2023
End date: July 26, 2024
a = 3.9713
b = -0.0009
s = 0.1050
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1050) – 1
= 52.18%
August 1, 2023 calculations
Top border of price channel:
Exp(Y794)
= Exp(a + b × X794 + 2 × s)
= Exp(a + b × 1,153 + 2 × s)
= Exp(3.9713 + -0.0009 × 1,153 + 2 × 0.1050)
= Exp(3.1040)
= $22.29
Bottom border of price channel:
Exp(Y794)
= Exp(a + b × X794 – 2 × s)
= Exp(a + b × 1,153 – 2 × s)
= Exp(3.9713 + -0.0009 × 1,153 – 2 × 0.1050)
= Exp(2.6841)
= $14.65
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 + 2 × s)
= Exp(a + b × 1,513 + 2 × s)
= Exp(3.9713 + -0.0009 × 1,513 + 2 × 0.1050)
= Exp(2.7676)
= $15.92
Bottom border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 – 2 × s)
= Exp(a + b × 1,513 – 2 × s)
= Exp(3.9713 + -0.0009 × 1,513 – 2 × 0.1050)
= Exp(2.3478)
= $10.46
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.90% per annum.
- ZI price at the close of July 26, 2024 was inside the secondary price channel.