Arrow Electronics Inc (ARW)
Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company is headquartered in Centennial, Colorado.
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 2.61% per annum.
- ARW price at the close of November 19, 2024 was $113.72 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 8.64% per annum.
- ARW 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 ARW 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: March 12, 2021
End date: November 19, 2024
a = 4.7020
b = 0.0001
s = 0.0766
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0766) – 1
= 35.84%
March 12, 2021 calculations
Top border of price channel:
Exp(Y328)
= Exp(a + b × X328 + 2 × s)
= Exp(a + b × 478 + 2 × s)
= Exp(4.7020 + 0.0001 × 478 + 2 × 0.0766)
= Exp(4.8889)
= $132.81
Bottom border of price channel:
Exp(Y328)
= Exp(a + b × X328 – 2 × s)
= Exp(a + b × 478 – 2 × s)
= Exp(4.7020 + 0.0001 × 478 – 2 × 0.0766)
= Exp(4.5826)
= $97.77
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(4.7020 + 0.0001 × 1,826 + 2 × 0.0766)
= Exp(4.9842)
= $146.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.7020 + 0.0001 × 1,826 – 2 × 0.0766)
= Exp(4.6779)
= $107.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 2.61% per annum.
- ARW price at the close of November 19, 2024 was $113.72 and was inside the primary price channel.
Secondary Trend
Start date: August 8, 2022
End date: November 19, 2024
a = 4.4678
b = 0.0002
s = 0.0766
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 8.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0766) – 1
= 35.87%
August 8, 2022 calculations
Top border of price channel:
Exp(Y682)
= Exp(a + b × X682 + 2 × s)
= Exp(a + b × 992 + 2 × s)
= Exp(4.4678 + 0.0002 × 992 + 2 × 0.0766)
= Exp(4.8462)
= $127.25
Bottom border of price channel:
Exp(Y682)
= Exp(a + b × X682 – 2 × s)
= Exp(a + b × 992 – 2 × s)
= Exp(4.4678 + 0.0002 × 992 – 2 × 0.0766)
= Exp(4.5397)
= $93.66
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(4.4678 + 0.0002 × 1,826 + 2 × 0.0766)
= Exp(5.0355)
= $153.77
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.4678 + 0.0002 × 1,826 – 2 × 0.0766)
= Exp(4.7290)
= $113.18
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 8.64% per annum.
- ARW price at the close of November 19, 2024 was inside the secondary price channel.