Avnet Inc (AVT)
Avnet, Inc., a technology solutions company, markets, sells and distributes electronic components. The company is headquartered in Phoenix, Arizona.
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 9.52% per annum.
- AVT price at the close of November 19, 2024 was $52.26 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.99% per annum.
- AVT 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 AVT 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: January 6, 2021
End date: May 6, 2024
a = 3.4560
b = 0.0002
s = 0.0604
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 9.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0604) – 1
= 27.35%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(3.4560 + 0.0002 × 413 + 2 × 0.0604)
= Exp(3.6798)
= $39.64
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(3.4560 + 0.0002 × 413 – 2 × 0.0604)
= Exp(3.4380)
= $31.12
May 6, 2024 calculations
Top border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 + 2 × s)
= Exp(a + b × 1,629 + 2 × s)
= Exp(3.4560 + 0.0002 × 1,629 + 2 × 0.0604)
= Exp(3.9829)
= $53.67
Bottom border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 – 2 × s)
= Exp(a + b × 1,629 – 2 × s)
= Exp(3.4560 + 0.0002 × 1,629 – 2 × 0.0604)
= Exp(3.7411)
= $42.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 9.52% per annum.
- AVT price at the close of November 19, 2024 was $52.26 and was inside the primary price channel.
Secondary Trend
Start date: September 6, 2022
End date: November 18, 2024
a = 3.2141
b = 0.0004
s = 0.0485
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0485) – 1
= 21.42%
September 6, 2022 calculations
Top border of price channel:
Exp(Y702)
= Exp(a + b × X702 + 2 × s)
= Exp(a + b × 1,021 + 2 × s)
= Exp(3.2141 + 0.0004 × 1,021 + 2 × 0.0485)
= Exp(3.7500)
= $42.52
Bottom border of price channel:
Exp(Y702)
= Exp(a + b × X702 – 2 × s)
= Exp(a + b × 1,021 – 2 × s)
= Exp(3.2141 + 0.0004 × 1,021 – 2 × 0.0485)
= Exp(3.5559)
= $35.02
November 18, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.2141 + 0.0004 × 1,825 + 2 × 0.0485)
= Exp(4.0956)
= $60.08
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.2141 + 0.0004 × 1,825 – 2 × 0.0485)
= Exp(3.9015)
= $49.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.99% per annum.
- AVT price at the close of November 19, 2024 was inside the secondary price channel.