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 48.95% per annum.
- ZI price at the close of May 7, 2024 was $16.02 and was higher than the top border of the primary price channel by $0.11 (0.67%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.50% per annum.
- ZI price at the close of May 7, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 20, 2021
End date: February 12, 2024
a = 5.1312
b = -0.0018
s = 0.1380
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -48.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1380) – 1
= 73.69%
August 20, 2021 calculations
Top border of price channel:
Exp(Y306)
= Exp(a + b × X306 + 2 × s)
= Exp(a + b × 442 + 2 × s)
= Exp(5.1312 + -0.0018 × 442 + 2 × 0.1380)
= Exp(4.5929)
= $98.78
Bottom border of price channel:
Exp(Y306)
= Exp(a + b × X306 – 2 × s)
= Exp(a + b × 442 – 2 × s)
= Exp(5.1312 + -0.0018 × 442 – 2 × 0.1380)
= Exp(4.0408)
= $56.87
February 12, 2024 calculations
Top border of price channel:
Exp(Y928)
= Exp(a + b × X928 + 2 × s)
= Exp(a + b × 1,348 + 2 × s)
= Exp(5.1312 + -0.0018 × 1,348 + 2 × 0.1380)
= Exp(2.9238)
= $18.61
Bottom border of price channel:
Exp(Y928)
= Exp(a + b × X928 – 2 × s)
= Exp(a + b × 1,348 – 2 × s)
= Exp(5.1312 + -0.0018 × 1,348 – 2 × 0.1380)
= Exp(2.3717)
= $10.72
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 48.95% per annum.
- ZI price at the close of May 7, 2024 was $16.02 and was higher than the top border of the primary price channel by $0.11 (0.67%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 13, 2023
End date: May 7, 2024
a = 2.5758
b = 0.0001
s = 0.0867
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 5.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0867) – 1
= 41.45%
September 13, 2023 calculations
Top border of price channel:
Exp(Y824)
= Exp(a + b × X824 + 2 × s)
= Exp(a + b × 1,196 + 2 × s)
= Exp(2.5758 + 0.0001 × 1,196 + 2 × 0.0867)
= Exp(2.9247)
= $18.63
Bottom border of price channel:
Exp(Y824)
= Exp(a + b × X824 – 2 × s)
= Exp(a + b × 1,196 – 2 × s)
= Exp(2.5758 + 0.0001 × 1,196 – 2 × 0.0867)
= Exp(2.5779)
= $13.17
May 7, 2024 calculations
Top border of price channel:
Exp(Y987)
= Exp(a + b × X987 + 2 × s)
= Exp(a + b × 1,433 + 2 × s)
= Exp(2.5758 + 0.0001 × 1,433 + 2 × 0.0867)
= Exp(2.9595)
= $19.29
Bottom border of price channel:
Exp(Y987)
= Exp(a + b × X987 – 2 × s)
= Exp(a + b × 1,433 – 2 × s)
= Exp(2.5758 + 0.0001 × 1,433 – 2 × 0.0867)
= Exp(2.6127)
= $13.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.50% per annum.
- ZI price at the close of May 7, 2024 was inside the secondary price channel.