Expedia Group Inc. (EXPE)
Expedia Group, Inc. is an American online travel shopping company for consumer and small business travel. Its websites, which are primarily travel fare aggregators and travel metasearch engines, include Expedia.com, Vrbo (previously HomeAway), Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago and CarRentals.com.
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 119.51% per annum.
- EXPE price at the close of November 20, 2024 was $179.10 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 349.94% per annum.
- EXPE 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 EXPE 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 3, 2024
End date: November 20, 2024
a = 1.1857
b = 0.0022
s = 0.0509
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 119.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0509) – 1
= 22.60%
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,118)
= Exp(a + b × X1,118 + 2 × s)
= Exp(a + b × 1,625 + 2 × s)
= Exp(1.1857 + 0.0022 × 1,625 + 2 × 0.0509)
= Exp(4.7879)
= $120.05
Bottom border of price channel:
Exp(Y1,118)
= Exp(a + b × X1,118 – 2 × s)
= Exp(a + b × 1,625 – 2 × s)
= Exp(1.1857 + 0.0022 × 1,625 – 2 × 0.0509)
= Exp(4.5841)
= $97.92
November 20, 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(1.1857 + 0.0022 × 1,826 + 2 × 0.0509)
= Exp(5.2208)
= $185.09
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.1857 + 0.0022 × 1,826 – 2 × 0.0509)
= Exp(5.0171)
= $150.97
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 119.51% per annum.
- EXPE price at the close of November 20, 2024 was $179.10 and was inside the primary price channel.
Secondary Trend
Start date: September 4, 2024
End date: November 20, 2024
a = -2.3287
b = 0.0041
s = 0.0267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0041) – 1
= 349.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0267) – 1
= 11.28%
September 4, 2024 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(-2.3287 + 0.0041 × 1,749 + 2 × 0.0267)
= Exp(4.9313)
= $138.56
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(-2.3287 + 0.0041 × 1,749 – 2 × 0.0267)
= Exp(4.8245)
= $124.52
November 20, 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(-2.3287 + 0.0041 × 1,826 + 2 × 0.0267)
= Exp(5.2486)
= $190.30
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.3287 + 0.0041 × 1,826 – 2 × 0.0267)
= Exp(5.1418)
= $171.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 349.94% per annum.
- EXPE price at the close of November 20, 2024 was inside the secondary price channel.