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 15.96% per annum.
- ADEA price at the close of March 31, 2025 was $13.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 41.24% per annum.
- ADEA price at the close of March 31, 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 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 4, 2022
End date: February 18, 2025
a = 1.8047
b = 0.0004
s = 0.1049
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1049) – 1
= 52.15%
October 4, 2022 calculations
Top border of price channel:
Exp(Y632)
= Exp(a + b × X632 + 2 × s)
= Exp(a + b × 916 + 2 × s)
= Exp(1.8047 + 0.0004 × 916 + 2 × 0.1049)
= Exp(2.3860)
= $10.87
Bottom border of price channel:
Exp(Y632)
= Exp(a + b × X632 – 2 × s)
= Exp(a + b × 916 – 2 × s)
= Exp(1.8047 + 0.0004 × 916 – 2 × 0.1049)
= Exp(1.9663)
= $7.14
February 18, 2025 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,784 + 2 × s)
= Exp(1.8047 + 0.0004 × 1,784 + 2 × 0.1049)
= Exp(2.7381)
= $15.46
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,784 – 2 × s)
= Exp(1.8047 + 0.0004 × 1,784 – 2 × 0.1049)
= Exp(2.3184)
= $10.16
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 15.96% per annum.
- ADEA price at the close of March 31, 2025 was $13.22 and was inside the primary price channel.
Secondary Trend
Start date: March 22, 2024
End date: March 27, 2025
a = 0.9394
b = 0.0009
s = 0.0583
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0583) – 1
= 26.28%
March 22, 2024 calculations
Top border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 + 2 × s)
= Exp(a + b × 1,451 + 2 × s)
= Exp(0.9394 + 0.0009 × 1,451 + 2 × 0.0583)
= Exp(2.4287)
= $11.34
Bottom border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 – 2 × s)
= Exp(a + b × 1,451 – 2 × s)
= Exp(0.9394 + 0.0009 × 1,451 – 2 × 0.0583)
= Exp(2.1953)
= $8.98
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(0.9394 + 0.0009 × 1,821 + 2 × 0.0583)
= Exp(2.7787)
= $16.10
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(0.9394 + 0.0009 × 1,821 – 2 × 0.0583)
= Exp(2.5454)
= $12.75
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 41.24% per annum.
- ADEA price at the close of March 31, 2025 was inside the secondary price channel.