Adtalem Global Education Inc (ATGE)
Adtalem Global Education Inc. provides educational services worldwide. The company is headquartered in Chicago, Illinois.
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 40.38% per annum.
- ATGE price at the close of November 20, 2024 was $87.29 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 116.56% per annum.
- ATGE price at the close of November 20, 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 ATGE 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: November 29, 2021
End date: November 20, 2024
a = 2.5893
b = 0.0009
s = 0.1162
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1162) – 1
= 59.19%
November 29, 2021 calculations
Top border of price channel:
Exp(Y508)
= Exp(a + b × X508 + 2 × s)
= Exp(a + b × 739 + 2 × s)
= Exp(2.5893 + 0.0009 × 739 + 2 × 0.1162)
= Exp(3.5085)
= $33.40
Bottom border of price channel:
Exp(Y508)
= Exp(a + b × X508 – 2 × s)
= Exp(a + b × 739 – 2 × s)
= Exp(2.5893 + 0.0009 × 739 – 2 × 0.1162)
= Exp(3.0436)
= $20.98
November 20, 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(2.5893 + 0.0009 × 1,826 + 2 × 0.1162)
= Exp(4.5187)
= $91.71
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5893 + 0.0009 × 1,826 – 2 × 0.1162)
= Exp(4.0537)
= $57.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.38% per annum.
- ATGE price at the close of November 20, 2024 was $87.29 and was inside the primary price channel.
Secondary Trend
Start date: January 30, 2024
End date: November 20, 2024
a = 0.6009
b = 0.0021
s = 0.0809
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 116.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0809) – 1
= 38.24%
January 30, 2024 calculations
Top border of price channel:
Exp(Y1,052)
= Exp(a + b × X1,052 + 2 × s)
= Exp(a + b × 1,531 + 2 × s)
= Exp(0.6009 + 0.0021 × 1,531 + 2 × 0.0809)
= Exp(4.0039)
= $54.81
Bottom border of price channel:
Exp(Y1,052)
= Exp(a + b × X1,052 – 2 × s)
= Exp(a + b × 1,531 – 2 × s)
= Exp(0.6009 + 0.0021 × 1,531 – 2 × 0.0809)
= Exp(3.6801)
= $39.65
November 20, 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(0.6009 + 0.0021 × 1,826 + 2 × 0.0809)
= Exp(4.6284)
= $102.35
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6009 + 0.0021 × 1,826 – 2 × 0.0809)
= Exp(4.3046)
= $74.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 116.56% per annum.
- ATGE price at the close of November 20, 2024 was inside the secondary price channel.