Altair Engineering Inc (ALTR)
Altair Engineering Inc. provides software and cloud solutions in the areas of simulation, high-performance computing, data analysis, and artificial intelligence globally. The company is headquartered in Troy, Michigan.
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 41.06% per annum.
- ALTR price at the close of November 19, 2024 was $104.25 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.86% per annum.
- ALTR 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 ALTR 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 29, 2022
End date: November 19, 2024
a = 2.9244
b = 0.0009
s = 0.0958
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0958) – 1
= 46.68%
August 29, 2022 calculations
Top border of price channel:
Exp(Y697)
= Exp(a + b × X697 + 2 × s)
= Exp(a + b × 1,013 + 2 × s)
= Exp(2.9244 + 0.0009 × 1,013 + 2 × 0.0958)
= Exp(4.0707)
= $58.60
Bottom border of price channel:
Exp(Y697)
= Exp(a + b × X697 – 2 × s)
= Exp(a + b × 1,013 – 2 × s)
= Exp(2.9244 + 0.0009 × 1,013 – 2 × 0.0958)
= Exp(3.6876)
= $39.95
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(2.9244 + 0.0009 × 1,826 + 2 × 0.0958)
= Exp(4.8370)
= $126.10
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9244 + 0.0009 × 1,826 – 2 × 0.0958)
= Exp(4.4539)
= $85.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 41.06% per annum.
- ALTR price at the close of November 19, 2024 was $104.25 and was inside the primary price channel.
Secondary Trend
Start date: February 24, 2023
End date: November 19, 2024
a = 3.3194
b = 0.0007
s = 0.0807
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 28.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0807) – 1
= 38.12%
February 24, 2023 calculations
Top border of price channel:
Exp(Y820)
= Exp(a + b × X820 + 2 × s)
= Exp(a + b × 1,192 + 2 × s)
= Exp(3.3194 + 0.0007 × 1,192 + 2 × 0.0807)
= Exp(4.3090)
= $74.36
Bottom border of price channel:
Exp(Y820)
= Exp(a + b × X820 – 2 × s)
= Exp(a + b × 1,192 – 2 × s)
= Exp(3.3194 + 0.0007 × 1,192 – 2 × 0.0807)
= Exp(3.9860)
= $53.84
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(3.3194 + 0.0007 × 1,826 + 2 × 0.0807)
= Exp(4.7494)
= $115.51
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3194 + 0.0007 × 1,826 – 2 × 0.0807)
= Exp(4.4264)
= $83.63
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.86% per annum.
- ALTR price at the close of November 19, 2024 was inside the secondary price channel.