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 40.58% per annum.
- ALTR price at the close of March 26, 2025 was $111.85 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.82% per annum.
- ALTR price at the close of March 26, 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 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: March 26, 2025
a = 3.0609
b = 0.0009
s = 0.0895
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0895) – 1
= 43.06%
August 29, 2022 calculations
Top border of price channel:
Exp(Y607)
= Exp(a + b × X607 + 2 × s)
= Exp(a + b × 880 + 2 × s)
= Exp(3.0609 + 0.0009 × 880 + 2 × 0.0895)
= Exp(4.0611)
= $58.04
Bottom border of price channel:
Exp(Y607)
= Exp(a + b × X607 – 2 × s)
= Exp(a + b × 880 – 2 × s)
= Exp(3.0609 + 0.0009 × 880 – 2 × 0.0895)
= Exp(3.7030)
= $40.57
March 26, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(3.0609 + 0.0009 × 1,820 + 2 × 0.0895)
= Exp(4.9384)
= $139.54
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(3.0609 + 0.0009 × 1,820 – 2 × 0.0895)
= Exp(4.5802)
= $97.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.58% per annum.
- ALTR price at the close of March 26, 2025 was $111.85 and was inside the primary price channel.
Secondary Trend
Start date: January 3, 2025
End date: March 26, 2025
a = 4.3412
b = 0.0002
s = 0.0025
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0025) – 1
= 1.00%
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 + 2 × s)
= Exp(a + b × 1,738 + 2 × s)
= Exp(4.3412 + 0.0002 × 1,738 + 2 × 0.0025)
= Exp(4.7047)
= $110.47
Bottom border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 – 2 × s)
= Exp(a + b × 1,738 – 2 × s)
= Exp(4.3412 + 0.0002 × 1,738 – 2 × 0.0025)
= Exp(4.6948)
= $109.38
March 26, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(4.3412 + 0.0002 × 1,820 + 2 × 0.0025)
= Exp(4.7217)
= $112.35
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(4.3412 + 0.0002 × 1,820 – 2 × 0.0025)
= Exp(4.7117)
= $111.24
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.82% per annum.
- ALTR price at the close of March 26, 2025 was inside the secondary price channel.