IAC Inc. (IAC)
IAC / InterActiveCorp is a global Internet and media company. The company is headquartered in New York, New York.
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 46.39% per annum.
- IAC price at the close of October 16, 2024 was $53.57 and was higher than the top border of the primary price channel by $28.47 (113.46%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.27% per annum.
- IAC price at the close of October 16, 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 IAC 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: December 28, 2020
End date: May 9, 2023
a = 6.0301
b = -0.0017
s = 0.1557
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1557) – 1
= 86.42%
December 28, 2020 calculations
Top border of price channel:
Exp(Y301)
= Exp(a + b × X301 + 2 × s)
= Exp(a + b × 438 + 2 × s)
= Exp(6.0301 + -0.0017 × 438 + 2 × 0.1557)
= Exp(5.5934)
= $268.66
Bottom border of price channel:
Exp(Y301)
= Exp(a + b × X301 – 2 × s)
= Exp(a + b × 438 – 2 × s)
= Exp(6.0301 + -0.0017 × 438 – 2 × 0.1557)
= Exp(4.9706)
= $144.11
May 9, 2023 calculations
Top border of price channel:
Exp(Y895)
= Exp(a + b × X895 + 2 × s)
= Exp(a + b × 1,300 + 2 × s)
= Exp(6.0301 + -0.0017 × 1,300 + 2 × 0.1557)
= Exp(4.1211)
= $61.63
Bottom border of price channel:
Exp(Y895)
= Exp(a + b × X895 – 2 × s)
= Exp(a + b × 1,300 – 2 × s)
= Exp(6.0301 + -0.0017 × 1,300 – 2 × 0.1557)
= Exp(3.4983)
= $33.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.39% per annum.
- IAC price at the close of October 16, 2024 was $53.57 and was higher than the top border of the primary price channel by $28.47 (113.46%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 16, 2022
End date: October 16, 2024
a = 4.0009
b = 0.0000
s = 0.0955
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0955) – 1
= 46.50%
September 16, 2022 calculations
Top border of price channel:
Exp(Y734)
= Exp(a + b × X734 + 2 × s)
= Exp(a + b × 1,065 + 2 × s)
= Exp(4.0009 + 0.0000 × 1,065 + 2 × 0.0955)
= Exp(4.1547)
= $63.73
Bottom border of price channel:
Exp(Y734)
= Exp(a + b × X734 – 2 × s)
= Exp(a + b × 1,065 – 2 × s)
= Exp(4.0009 + 0.0000 × 1,065 – 2 × 0.0955)
= Exp(3.7728)
= $43.50
October 16, 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(4.0009 + 0.0000 × 1,826 + 2 × 0.0955)
= Exp(4.1281)
= $62.06
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0009 + 0.0000 × 1,826 – 2 × 0.0955)
= Exp(3.7463)
= $42.36
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.27% per annum.
- IAC price at the close of October 16, 2024 was inside the secondary price channel.