Gogo Inc (GOGO)
Gogo Inc., provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. The company is headquartered in Chicago, Illinois.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.51% per annum.
- GOGO price at the close of September 6, 2024 was $7.97 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 69.40% per annum.
- GOGO price at the close of September 6, 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 GOGO 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: March 3, 2022
End date: September 6, 2024
a = 3.8061
b = -0.0009
s = 0.1289
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1289) – 1
= 67.48%
March 3, 2022 calculations
Top border of price channel:
Exp(Y626)
= Exp(a + b × X626 + 2 × s)
= Exp(a + b × 906 + 2 × s)
= Exp(3.8061 + -0.0009 × 906 + 2 × 0.1289)
= Exp(3.2308)
= $25.30
Bottom border of price channel:
Exp(Y626)
= Exp(a + b × X626 – 2 × s)
= Exp(a + b × 906 – 2 × s)
= Exp(3.8061 + -0.0009 × 906 – 2 × 0.1289)
= Exp(2.7151)
= $15.11
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(3.8061 + -0.0009 × 1,824 + 2 × 0.1289)
= Exp(2.3867)
= $10.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.8061 + -0.0009 × 1,824 – 2 × 0.1289)
= Exp(1.8710)
= $6.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.51% per annum.
- GOGO price at the close of September 6, 2024 was $7.97 and was inside the primary price channel.
Secondary Trend
Start date: May 14, 2024
End date: September 6, 2024
a = 7.9371
b = -0.0032
s = 0.0541
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0032) – 1
= -69.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0541) – 1
= 24.15%
May 14, 2024 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,709 + 2 × s)
= Exp(7.9371 + -0.0032 × 1,709 + 2 × 0.0541)
= Exp(2.5003)
= $12.19
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,709 – 2 × s)
= Exp(7.9371 + -0.0032 × 1,709 – 2 × 0.0541)
= Exp(2.2839)
= $9.82
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(7.9371 + -0.0032 × 1,824 + 2 × 0.0541)
= Exp(2.1271)
= $8.39
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.9371 + -0.0032 × 1,824 – 2 × 0.0541)
= Exp(1.9108)
= $6.76
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 69.40% per annum.
- GOGO price at the close of September 6, 2024 was inside the secondary price channel.