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 66.20% per annum.
- ATGE price at the close of March 31, 2025 was $100.64 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 105.54% per annum.
- ATGE price at the close of March 31, 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 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: February 28, 2023
End date: March 31, 2025
a = 2.0623
b = 0.0014
s = 0.1006
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1006) – 1
= 49.56%
February 28, 2023 calculations
Top border of price channel:
Exp(Y732)
= Exp(a + b × X732 + 2 × s)
= Exp(a + b × 1,063 + 2 × s)
= Exp(2.0623 + 0.0014 × 1,063 + 2 × 0.1006)
= Exp(3.7432)
= $42.23
Bottom border of price channel:
Exp(Y732)
= Exp(a + b × X732 – 2 × s)
= Exp(a + b × 1,063 – 2 × s)
= Exp(2.0623 + 0.0014 × 1,063 – 2 × 0.1006)
= Exp(3.3406)
= $28.24
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.0623 + 0.0014 × 1,825 + 2 × 0.1006)
= Exp(4.8038)
= $121.97
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.0623 + 0.0014 × 1,825 – 2 × 0.1006)
= Exp(4.4013)
= $81.55
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.20% per annum.
- ATGE price at the close of March 31, 2025 was $100.64 and was inside the primary price channel.
Secondary Trend
Start date: January 30, 2024
End date: March 31, 2025
a = 1.0994
b = 0.0020
s = 0.0758
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 105.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0758) – 1
= 35.44%
January 30, 2024 calculations
Top border of price channel:
Exp(Y963)
= Exp(a + b × X963 + 2 × s)
= Exp(a + b × 1,399 + 2 × s)
= Exp(1.0994 + 0.0020 × 1,399 + 2 × 0.0758)
= Exp(4.0125)
= $55.29
Bottom border of price channel:
Exp(Y963)
= Exp(a + b × X963 – 2 × s)
= Exp(a + b × 1,399 – 2 × s)
= Exp(1.0994 + 0.0020 × 1,399 – 2 × 0.0758)
= Exp(3.7091)
= $40.82
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.0994 + 0.0020 × 1,825 + 2 × 0.0758)
= Exp(4.8534)
= $128.17
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.0994 + 0.0020 × 1,825 – 2 × 0.0758)
= Exp(4.5500)
= $94.63
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 105.54% per annum.
- ATGE price at the close of March 31, 2025 was inside the secondary price channel.