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 95.99% per annum.
- GDDY price at the close of November 19, 2024 was $187.40 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.29% per annum.
- GDDY price at the close of November 19, 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 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: May 5, 2023
End date: November 19, 2024
a = 1.8331
b = 0.0018
s = 0.0679
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 95.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0679) – 1
= 31.19%
May 5, 2023 calculations
Top border of price channel:
Exp(Y869)
= Exp(a + b × X869 + 2 × s)
= Exp(a + b × 1,262 + 2 × s)
= Exp(1.8331 + 0.0018 × 1,262 + 2 × 0.0679)
= Exp(4.2955)
= $73.37
Bottom border of price channel:
Exp(Y869)
= Exp(a + b × X869 – 2 × s)
= Exp(a + b × 1,262 – 2 × s)
= Exp(1.8331 + 0.0018 × 1,262 – 2 × 0.0679)
= Exp(4.0240)
= $55.92
November 19, 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(1.8331 + 0.0018 × 1,826 + 2 × 0.0679)
= Exp(5.3352)
= $207.52
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8331 + 0.0018 × 1,826 – 2 × 0.0679)
= Exp(5.0638)
= $158.18
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 95.99% per annum.
- GDDY price at the close of November 19, 2024 was $187.40 and was inside the primary price channel.
Secondary Trend
Start date: November 29, 2023
End date: November 19, 2024
a = 2.2528
b = 0.0016
s = 0.0336
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 79.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0336) – 1
= 14.39%
November 29, 2023 calculations
Top border of price channel:
Exp(Y1,012)
= Exp(a + b × X1,012 + 2 × s)
= Exp(a + b × 1,470 + 2 × s)
= Exp(2.2528 + 0.0016 × 1,470 + 2 × 0.0336)
= Exp(4.6714)
= $106.85
Bottom border of price channel:
Exp(Y1,012)
= Exp(a + b × X1,012 – 2 × s)
= Exp(a + b × 1,470 – 2 × s)
= Exp(2.2528 + 0.0016 × 1,470 – 2 × 0.0336)
= Exp(4.5370)
= $93.41
November 19, 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(2.2528 + 0.0016 × 1,826 + 2 × 0.0336)
= Exp(5.2409)
= $188.84
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.2528 + 0.0016 × 1,826 – 2 × 0.0336)
= Exp(5.1065)
= $165.09
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.29% per annum.
- GDDY price at the close of November 19, 2024 was inside the secondary price channel.