Salesforce.com Inc (CRM)
Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
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 57.20% per annum.
- CRM price at the close of April 2, 2025 was $271.54 and was lower than the bottom border of the primary price channel by $106.34 (28.14%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.01% per annum.
- CRM price at the close of April 2, 2025 was lower than the bottom border of the secondary price channel by $0.43 (0.16%). This indicates a possible reversal in the secondary trend direction.
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 CRM 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: August 26, 2022
End date: May 24, 2024
a = 3.8397
b = 0.0012
s = 0.0835
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0835) – 1
= 39.64%
August 26, 2022 calculations
Top border of price channel:
Exp(Y604)
= Exp(a + b × X604 + 2 × s)
= Exp(a + b × 875 + 2 × s)
= Exp(3.8397 + 0.0012 × 875 + 2 × 0.0835)
= Exp(5.0911)
= $162.57
Bottom border of price channel:
Exp(Y604)
= Exp(a + b × X604 – 2 × s)
= Exp(a + b × 875 – 2 × s)
= Exp(3.8397 + 0.0012 × 875 – 2 × 0.0835)
= Exp(4.7572)
= $116.42
May 24, 2024 calculations
Top border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 + 2 × s)
= Exp(a + b × 1,512 + 2 × s)
= Exp(3.8397 + 0.0012 × 1,512 + 2 × 0.0835)
= Exp(5.8806)
= $358.01
Bottom border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 – 2 × s)
= Exp(a + b × 1,512 – 2 × s)
= Exp(3.8397 + 0.0012 × 1,512 – 2 × 0.0835)
= Exp(5.5467)
= $256.38
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 57.20% per annum.
- CRM price at the close of April 2, 2025 was $271.54 and was lower than the bottom border of the primary price channel by $106.34 (28.14%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 2, 2023
End date: April 2, 2025
a = 4.5253
b = 0.0007
s = 0.0965
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0965) – 1
= 47.11%
March 2, 2023 calculations
Top border of price channel:
Exp(Y732)
= Exp(a + b × X732 + 2 × s)
= Exp(a + b × 1,063 + 2 × s)
= Exp(4.5253 + 0.0007 × 1,063 + 2 × 0.0965)
= Exp(5.4600)
= $235.10
Bottom border of price channel:
Exp(Y732)
= Exp(a + b × X732 – 2 × s)
= Exp(a + b × 1,063 – 2 × s)
= Exp(4.5253 + 0.0007 × 1,063 – 2 × 0.0965)
= Exp(5.0740)
= $159.81
April 2, 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(4.5253 + 0.0007 × 1,825 + 2 × 0.0965)
= Exp(5.9917)
= $400.10
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.5253 + 0.0007 × 1,825 – 2 × 0.0965)
= Exp(5.6057)
= $271.97
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.01% per annum.
- CRM price at the close of April 2, 2025 was lower than the bottom border of the secondary price channel by $0.43 (0.16%). This indicates a possible reversal in the secondary trend direction.