IDACORP Inc (IDA)
IDACORP, Inc. is dedicated to the generation, transmission, distribution, purchase and sale of electrical energy in the United States. The company is headquartered in Boise, Idaho.
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 31.20% per annum.
- IDA price at the close of November 20, 2024 was $117.96 and was higher than the top border of the primary price channel by $5.92 (5.28%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,861.23% per annum.
- IDA price at the close of November 20, 2024 was lower than the bottom border of the secondary price channel by $0.92 (0.77%). 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 IDA 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: February 5, 2024
End date: November 8, 2024
a = 3.3056
b = 0.0007
s = 0.0274
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 31.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0274) – 1
= 11.58%
February 5, 2024 calculations
Top border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 + 2 × s)
= Exp(a + b × 1,537 + 2 × s)
= Exp(3.3056 + 0.0007 × 1,537 + 2 × 0.0274)
= Exp(4.5039)
= $90.37
Bottom border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 – 2 × s)
= Exp(a + b × 1,537 – 2 × s)
= Exp(3.3056 + 0.0007 × 1,537 – 2 × 0.0274)
= Exp(4.3943)
= $80.98
November 8, 2024 calculations
Top border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,814 + 2 × s)
= Exp(3.3056 + 0.0007 × 1,814 + 2 × 0.0274)
= Exp(4.7099)
= $111.05
Bottom border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,814 – 2 × s)
= Exp(3.3056 + 0.0007 × 1,814 – 2 × 0.0274)
= Exp(4.6003)
= $99.52
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 31.20% per annum.
- IDA price at the close of November 20, 2024 was $117.96 and was higher than the top border of the primary price channel by $5.92 (5.28%).
Secondary Trend
Start date: October 25, 2024
End date: November 18, 2024
a = -10.0742
b = 0.0082
s = 0.0183
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0082) – 1
= 1,861.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0183) – 1
= 7.60%
October 25, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(-10.0742 + 0.0082 × 1,800 + 2 × 0.0183)
= Exp(4.6394)
= $103.48
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(-10.0742 + 0.0082 × 1,800 – 2 × 0.0183)
= Exp(4.5661)
= $96.17
November 18, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-10.0742 + 0.0082 × 1,824 + 2 × 0.0183)
= Exp(4.8351)
= $125.85
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-10.0742 + 0.0082 × 1,824 – 2 × 0.0183)
= Exp(4.7618)
= $116.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,861.23% per annum.
- IDA price at the close of November 20, 2024 was lower than the bottom border of the secondary price channel by $0.92 (0.77%). This indicates a possible reversal in the secondary trend direction.