ADEIA CORP (ADEA)
Adeia Inc., is a global consumer and entertainment products/solutions licensing company. The company is headquartered in San Jose, California.
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 13.26% per annum.
- ADEA price at the close of November 19, 2024 was $11.51 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.99% per annum.
- ADEA price at the close of November 19, 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 ADEA 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 6, 2022
End date: November 19, 2024
a = 1.8441
b = 0.0003
s = 0.1059
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 13.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1059) – 1
= 52.74%
October 6, 2022 calculations
Top border of price channel:
Exp(Y724)
= Exp(a + b × X724 + 2 × s)
= Exp(a + b × 1,051 + 2 × s)
= Exp(1.8441 + 0.0003 × 1,051 + 2 × 0.1059)
= Exp(2.4145)
= $11.18
Bottom border of price channel:
Exp(Y724)
= Exp(a + b × X724 – 2 × s)
= Exp(a + b × 1,051 – 2 × s)
= Exp(1.8441 + 0.0003 × 1,051 – 2 × 0.1059)
= Exp(1.9909)
= $7.32
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.8441 + 0.0003 × 1,826 + 2 × 0.1059)
= Exp(2.6789)
= $14.57
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8441 + 0.0003 × 1,826 – 2 × 0.1059)
= Exp(2.2554)
= $9.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 13.26% per annum.
- ADEA price at the close of November 19, 2024 was $11.51 and was inside the primary price channel.
Secondary Trend
Start date: March 6, 2023
End date: November 19, 2024
a = 1.4835
b = 0.0006
s = 0.0975
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0975) – 1
= 47.67%
March 6, 2023 calculations
Top border of price channel:
Exp(Y826)
= Exp(a + b × X826 + 2 × s)
= Exp(a + b × 1,202 + 2 × s)
= Exp(1.4835 + 0.0006 × 1,202 + 2 × 0.0975)
= Exp(2.3598)
= $10.59
Bottom border of price channel:
Exp(Y826)
= Exp(a + b × X826 – 2 × s)
= Exp(a + b × 1,202 – 2 × s)
= Exp(1.4835 + 0.0006 × 1,202 – 2 × 0.0975)
= Exp(1.9700)
= $7.17
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.4835 + 0.0006 × 1,826 + 2 × 0.0975)
= Exp(2.7135)
= $15.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4835 + 0.0006 × 1,826 – 2 × 0.0975)
= Exp(2.3237)
= $10.21
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.99% per annum.
- ADEA price at the close of November 19, 2024 was inside the secondary price channel.