Analog Devices Inc (ADI)
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing and power management technology, headquartered in Wilmington, Massachusetts.
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 8.33% per annum.
- ADI price at the close of November 19, 2024 was $210.43 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.36% per annum.
- ADI 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 ADI 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: December 1, 2020
End date: May 3, 2024
a = 4.8741
b = 0.0002
s = 0.0698
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 8.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0698) – 1
= 32.21%
December 1, 2020 calculations
Top border of price channel:
Exp(Y259)
= Exp(a + b × X259 + 2 × s)
= Exp(a + b × 377 + 2 × s)
= Exp(4.8741 + 0.0002 × 377 + 2 × 0.0698)
= Exp(5.0964)
= $163.44
Bottom border of price channel:
Exp(Y259)
= Exp(a + b × X259 – 2 × s)
= Exp(a + b × 377 – 2 × s)
= Exp(4.8741 + 0.0002 × 377 – 2 × 0.0698)
= Exp(4.8172)
= $123.62
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 + 2 × s)
= Exp(a + b × 1,626 + 2 × s)
= Exp(4.8741 + 0.0002 × 1,626 + 2 × 0.0698)
= Exp(5.3703)
= $214.93
Bottom border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 – 2 × s)
= Exp(a + b × 1,626 – 2 × s)
= Exp(4.8741 + 0.0002 × 1,626 – 2 × 0.0698)
= Exp(5.0911)
= $162.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 8.33% per annum.
- ADI price at the close of November 19, 2024 was $210.43 and was inside the primary price channel.
Secondary Trend
Start date: April 8, 2022
End date: November 14, 2024
a = 4.5379
b = 0.0005
s = 0.0671
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0671) – 1
= 30.80%
April 8, 2022 calculations
Top border of price channel:
Exp(Y600)
= Exp(a + b × X600 + 2 × s)
= Exp(a + b × 870 + 2 × s)
= Exp(4.5379 + 0.0005 × 870 + 2 × 0.0671)
= Exp(5.0940)
= $163.04
Bottom border of price channel:
Exp(Y600)
= Exp(a + b × X600 – 2 × s)
= Exp(a + b × 870 – 2 × s)
= Exp(4.5379 + 0.0005 × 870 – 2 × 0.0671)
= Exp(4.8255)
= $124.65
November 14, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(4.5379 + 0.0005 × 1,821 + 2 × 0.0671)
= Exp(5.5551)
= $258.56
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(4.5379 + 0.0005 × 1,821 – 2 × 0.0671)
= Exp(5.2867)
= $197.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.36% per annum.
- ADI price at the close of November 19, 2024 was inside the secondary price channel.