Cboe Global Markets Inc (CBOE)
Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.
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 32.34% per annum.
- CBOE price at the close of November 19, 2024 was $204.98 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.26% per annum.
- CBOE price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 CBOE 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: April 29, 2022
End date: November 19, 2024
a = 3.9550
b = 0.0008
s = 0.0517
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0517) – 1
= 22.96%
April 29, 2022 calculations
Top border of price channel:
Exp(Y614)
= Exp(a + b × X614 + 2 × s)
= Exp(a + b × 891 + 2 × s)
= Exp(3.9550 + 0.0008 × 891 + 2 × 0.0517)
= Exp(4.7425)
= $114.72
Bottom border of price channel:
Exp(Y614)
= Exp(a + b × X614 – 2 × s)
= Exp(a + b × 891 – 2 × s)
= Exp(3.9550 + 0.0008 × 891 – 2 × 0.0517)
= Exp(4.5358)
= $93.30
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(3.9550 + 0.0008 × 1,826 + 2 × 0.0517)
= Exp(5.4603)
= $235.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.9550 + 0.0008 × 1,826 – 2 × 0.0517)
= Exp(5.2537)
= $191.27
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 32.34% per annum.
- CBOE price at the close of November 19, 2024 was $204.98 and was inside the primary price channel.
Secondary Trend
Start date: August 22, 2024
End date: November 19, 2024
a = 5.9219
b = -0.0003
s = 0.0201
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -11.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0201) – 1
= 8.36%
August 22, 2024 calculations
Top border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 + 2 × s)
= Exp(a + b × 1,737 + 2 × s)
= Exp(5.9219 + -0.0003 × 1,737 + 2 × 0.0201)
= Exp(5.3933)
= $219.93
Bottom border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 – 2 × s)
= Exp(a + b × 1,737 – 2 × s)
= Exp(5.9219 + -0.0003 × 1,737 – 2 × 0.0201)
= Exp(5.3130)
= $202.96
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(5.9219 + -0.0003 × 1,826 + 2 × 0.0201)
= Exp(5.3642)
= $213.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.9219 + -0.0003 × 1,826 – 2 × 0.0201)
= Exp(5.2839)
= $197.13
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.26% per annum.
- CBOE price at the close of November 19, 2024 was inside the secondary price channel.