DoubleVerify Holdings Inc (DV)
DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analysis. The company is headquartered in New York, New York with additional locations at Berlin, Germany; Chicago, Illinois; Merelbeke, Belgium; Helsinki, Finland; London, United Kingdom; Los Angeles and San Francisco, California; Miguel Hidalgo, Mexico; Paris, France; So Paulo, Brazil; Singapore, Singapore; Sydney, Australia; Tel Aviv, Israel; and Tokyo, Japan.
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 199.83% per annum.
- DV price at the close of April 1, 2025 was $13.51 and was lower than the bottom border of the primary price channel by $241.71 (94.71%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.19% per annum.
- DV price at the close of April 1, 2025 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 DV 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: May 30, 2023
End date: July 31, 2023
a = 1.2377
b = 0.0030
s = 0.0153
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 199.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0153) – 1
= 6.30%
May 30, 2023 calculations
Top border of price channel:
Exp(Y530)
= Exp(a + b × X530 + 2 × s)
= Exp(a + b × 769 + 2 × s)
= Exp(1.2377 + 0.0030 × 769 + 2 × 0.0153)
= Exp(3.5816)
= $35.93
Bottom border of price channel:
Exp(Y530)
= Exp(a + b × X530 – 2 × s)
= Exp(a + b × 769 – 2 × s)
= Exp(1.2377 + 0.0030 × 769 – 2 × 0.0153)
= Exp(3.5205)
= $33.80
July 31, 2023 calculations
Top border of price channel:
Exp(Y572)
= Exp(a + b × X572 + 2 × s)
= Exp(a + b × 831 + 2 × s)
= Exp(1.2377 + 0.0030 × 831 + 2 × 0.0153)
= Exp(3.7681)
= $43.30
Bottom border of price channel:
Exp(Y572)
= Exp(a + b × X572 – 2 × s)
= Exp(a + b × 831 – 2 × s)
= Exp(1.2377 + 0.0030 × 831 – 2 × 0.0153)
= Exp(3.7071)
= $40.73
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 199.83% per annum.
- DV price at the close of April 1, 2025 was $13.51 and was lower than the bottom border of the primary price channel by $241.71 (94.71%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 30, 2023
End date: April 1, 2025
a = 4.7352
b = -0.0014
s = 0.1814
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1814) – 1
= 106.60%
May 30, 2023 calculations
Top border of price channel:
Exp(Y530)
= Exp(a + b × X530 + 2 × s)
= Exp(a + b × 769 + 2 × s)
= Exp(4.7352 + -0.0014 × 769 + 2 × 0.1814)
= Exp(4.0502)
= $57.41
Bottom border of price channel:
Exp(Y530)
= Exp(a + b × X530 – 2 × s)
= Exp(a + b × 769 – 2 × s)
= Exp(4.7352 + -0.0014 × 769 – 2 × 0.1814)
= Exp(3.3246)
= $27.79
April 1, 2025 calculations
Top border of price channel:
Exp(Y991)
= Exp(a + b × X991 + 2 × s)
= Exp(a + b × 1,441 + 2 × s)
= Exp(4.7352 + -0.0014 × 1,441 + 2 × 0.1814)
= Exp(3.1346)
= $22.98
Bottom border of price channel:
Exp(Y991)
= Exp(a + b × X991 – 2 × s)
= Exp(a + b × 1,441 – 2 × s)
= Exp(4.7352 + -0.0014 × 1,441 – 2 × 0.1814)
= Exp(2.4089)
= $11.12
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.19% per annum.
- DV price at the close of April 1, 2025 was inside the secondary price channel.