Doximity Inc (DOCS)
None
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 68.46% per annum.
- DOCS price at the close of November 20, 2024 was $49.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 264.64% per annum.
- DOCS price at the close of November 20, 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 DOCS 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 11, 2023
End date: November 20, 2024
a = 1.9041
b = 0.0014
s = 0.1278
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1278) – 1
= 66.73%
August 11, 2023 calculations
Top border of price channel:
Exp(Y536)
= Exp(a + b × X536 + 2 × s)
= Exp(a + b × 778 + 2 × s)
= Exp(1.9041 + 0.0014 × 778 + 2 × 0.1278)
= Exp(3.2713)
= $26.34
Bottom border of price channel:
Exp(Y536)
= Exp(a + b × X536 – 2 × s)
= Exp(a + b × 778 – 2 × s)
= Exp(1.9041 + 0.0014 × 778 – 2 × 0.1278)
= Exp(2.7601)
= $15.80
November 20, 2024 calculations
Top border of price channel:
Exp(Y858)
= Exp(a + b × X858 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(1.9041 + 0.0014 × 1,245 + 2 × 0.1278)
= Exp(3.9385)
= $51.34
Bottom border of price channel:
Exp(Y858)
= Exp(a + b × X858 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(1.9041 + 0.0014 × 1,245 – 2 × 0.1278)
= Exp(3.4273)
= $30.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 68.46% per annum.
- DOCS price at the close of November 20, 2024 was $49.90 and was inside the primary price channel.
Secondary Trend
Start date: April 18, 2024
End date: November 20, 2024
a = -0.5350
b = 0.0035
s = 0.0873
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0035) – 1
= 264.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0873) – 1
= 41.79%
April 18, 2024 calculations
Top border of price channel:
Exp(Y708)
= Exp(a + b × X708 + 2 × s)
= Exp(a + b × 1,029 + 2 × s)
= Exp(-0.5350 + 0.0035 × 1,029 + 2 × 0.0873)
= Exp(3.2869)
= $26.76
Bottom border of price channel:
Exp(Y708)
= Exp(a + b × X708 – 2 × s)
= Exp(a + b × 1,029 – 2 × s)
= Exp(-0.5350 + 0.0035 × 1,029 – 2 × 0.0873)
= Exp(2.9377)
= $18.87
November 20, 2024 calculations
Top border of price channel:
Exp(Y858)
= Exp(a + b × X858 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(-0.5350 + 0.0035 × 1,245 + 2 × 0.0873)
= Exp(4.0525)
= $57.54
Bottom border of price channel:
Exp(Y858)
= Exp(a + b × X858 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(-0.5350 + 0.0035 × 1,245 – 2 × 0.0873)
= Exp(3.7033)
= $40.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 264.64% per annum.
- DOCS price at the close of November 20, 2024 was inside the secondary price channel.