Bill Com Holdings Inc (BILL)
Bill.com Holdings, Inc. provides cloud-based software that digitizes and automates financial back-office operations for small and medium-sized businesses globally. The company is headquartered in Palo Alto, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.63% per annum.
- BILL price at the close of April 25, 2025 was $45.23 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.52% per annum.
- BILL price at the close of April 25, 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 BILL 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: July 20, 2021
End date: November 4, 2024
a = 6.1993
b = -0.0014
s = 0.1943
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1943) – 1
= 117.57%
July 20, 2021 calculations
Top border of price channel:
Exp(Y309)
= Exp(a + b × X309 + 2 × s)
= Exp(a + b × 448 + 2 × s)
= Exp(6.1993 + -0.0014 × 448 + 2 × 0.1943)
= Exp(5.9481)
= $383.04
Bottom border of price channel:
Exp(Y309)
= Exp(a + b × X309 – 2 × s)
= Exp(a + b × 448 – 2 × s)
= Exp(6.1993 + -0.0014 × 448 – 2 × 0.1943)
= Exp(5.1708)
= $176.06
November 4, 2024 calculations
Top border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(6.1993 + -0.0014 × 1,651 + 2 × 0.1943)
= Exp(4.2300)
= $68.71
Bottom border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(6.1993 + -0.0014 × 1,651 – 2 × 0.1943)
= Exp(3.4526)
= $31.58
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.63% per annum.
- BILL price at the close of April 25, 2025 was $45.23 and was inside the primary price channel.
Secondary Trend
Start date: May 5, 2022
End date: April 2, 2025
a = 5.5526
b = -0.0009
s = 0.2207
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2207) – 1
= 141.75%
May 5, 2022 calculations
Top border of price channel:
Exp(Y510)
= Exp(a + b × X510 + 2 × s)
= Exp(a + b × 737 + 2 × s)
= Exp(5.5526 + -0.0009 × 737 + 2 × 0.2207)
= Exp(5.3441)
= $209.36
Bottom border of price channel:
Exp(Y510)
= Exp(a + b × X510 – 2 × s)
= Exp(a + b × 737 – 2 × s)
= Exp(5.5526 + -0.0009 × 737 – 2 × 0.2207)
= Exp(4.4613)
= $86.60
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(5.5526 + -0.0009 × 1,800 + 2 × 0.2207)
= Exp(4.4066)
= $81.99
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(5.5526 + -0.0009 × 1,800 – 2 × 0.2207)
= Exp(3.5239)
= $33.92
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.52% per annum.
- BILL price at the close of April 25, 2025 was inside the secondary price channel.