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 96.07% per annum.
- ALTR price at the close of September 6, 2024 was $84.84 and was lower than the bottom border of the primary price channel by $57.76 (40.50%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.36% per annum.
- ALTR price at the close of September 6, 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: August 1, 2023
a = 1.7527
b = 0.0018
s = 0.0786
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 96.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0786) – 1
= 36.96%
August 29, 2022 calculations
Top border of price channel:
Exp(Y749)
= Exp(a + b × X749 + 2 × s)
= Exp(a + b × 1,085 + 2 × s)
= Exp(1.7527 + 0.0018 × 1,085 + 2 × 0.0786)
= Exp(3.9114)
= $49.97
Bottom border of price channel:
Exp(Y749)
= Exp(a + b × X749 – 2 × s)
= Exp(a + b × 1,085 – 2 × s)
= Exp(1.7527 + 0.0018 × 1,085 – 2 × 0.0786)
= Exp(3.5968)
= $36.48
August 1, 2023 calculations
Top border of price channel:
Exp(Y980)
= Exp(a + b × X980 + 2 × s)
= Exp(a + b × 1,422 + 2 × s)
= Exp(1.7527 + 0.0018 × 1,422 + 2 × 0.0786)
= Exp(4.5330)
= $93.04
Bottom border of price channel:
Exp(Y980)
= Exp(a + b × X980 – 2 × s)
= Exp(a + b × 1,422 – 2 × s)
= Exp(1.7527 + 0.0018 × 1,422 – 2 × 0.0786)
= Exp(4.2185)
= $67.93
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 96.07% per annum.
- ALTR price at the close of September 6, 2024 was $84.84 and was lower than the bottom border of the primary price channel by $57.76 (40.50%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 1, 2023
End date: September 6, 2024
a = 3.2470
b = 0.0007
s = 0.0843
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0843) – 1
= 40.12%
February 1, 2023 calculations
Top border of price channel:
Exp(Y856)
= Exp(a + b × X856 + 2 × s)
= Exp(a + b × 1,241 + 2 × s)
= Exp(3.2470 + 0.0007 × 1,241 + 2 × 0.0843)
= Exp(4.2909)
= $73.03
Bottom border of price channel:
Exp(Y856)
= Exp(a + b × X856 – 2 × s)
= Exp(a + b × 1,241 – 2 × s)
= Exp(3.2470 + 0.0007 × 1,241 – 2 × 0.0843)
= Exp(3.9536)
= $52.12
September 6, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.2470 + 0.0007 × 1,824 + 2 × 0.0843)
= Exp(4.7021)
= $110.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.2470 + 0.0007 × 1,824 – 2 × 0.0843)
= Exp(4.3648)
= $78.63
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.36% per annum.
- ALTR price at the close of September 6, 2024 was inside the secondary price channel.