Godaddy Inc (GDDY)
GoDaddy Inc. is dedicated to the design and development of cloud-based technology products in the United States and internationally. The company is headquartered in Scottsdale, Arizona.
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 121.75% per annum.
- GDDY price at the close of September 6, 2024 was $150.00 and was lower than the bottom border of the primary price channel by $0.38 (0.25%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.35% per annum.
- GDDY price at the close of September 6, 2024 was lower than the bottom border of the secondary price channel by $1.73 (1.14%). 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 GDDY 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: July 24, 2023
End date: September 4, 2024
a = 1.1482
b = 0.0022
s = 0.0574
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 121.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0574) – 1
= 25.81%
July 24, 2023 calculations
Top border of price channel:
Exp(Y974)
= Exp(a + b × X974 + 2 × s)
= Exp(a + b × 1,414 + 2 × s)
= Exp(1.1482 + 0.0022 × 1,414 + 2 × 0.0574)
= Exp(4.3482)
= $77.34
Bottom border of price channel:
Exp(Y974)
= Exp(a + b × X974 – 2 × s)
= Exp(a + b × 1,414 – 2 × s)
= Exp(1.1482 + 0.0022 × 1,414 – 2 × 0.0574)
= Exp(4.1186)
= $61.47
September 4, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(1.1482 + 0.0022 × 1,822 + 2 × 0.0574)
= Exp(5.2384)
= $188.37
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(1.1482 + 0.0022 × 1,822 – 2 × 0.0574)
= Exp(5.0088)
= $149.72
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 121.75% per annum.
- GDDY price at the close of September 6, 2024 was $150.00 and was lower than the bottom border of the primary price channel by $0.38 (0.25%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 22, 2023
End date: September 6, 2024
a = 1.9152
b = 0.0017
s = 0.0286
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 88.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0286) – 1
= 12.10%
November 22, 2023 calculations
Top border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 + 2 × s)
= Exp(a + b × 1,535 + 2 × s)
= Exp(1.9152 + 0.0017 × 1,535 + 2 × 0.0286)
= Exp(4.6350)
= $103.03
Bottom border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 – 2 × s)
= Exp(a + b × 1,535 – 2 × s)
= Exp(1.9152 + 0.0017 × 1,535 – 2 × 0.0286)
= Exp(4.5208)
= $91.91
September 6, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.9152 + 0.0017 × 1,824 + 2 × 0.0286)
= Exp(5.1363)
= $170.09
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.9152 + 0.0017 × 1,824 – 2 × 0.0286)
= Exp(5.0221)
= $151.73
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.35% per annum.
- GDDY price at the close of September 6, 2024 was lower than the bottom border of the secondary price channel by $1.73 (1.14%). This indicates a possible reversal in the secondary trend direction.