Illumina Inc (ILMN)
Illumina, Inc. is an American company. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets. Its headquarters are located in San Diego, California.
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 93.41% per annum.
- ILMN price at the close of April 16, 2025 was $73.53 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.97% per annum.
- ILMN price at the close of April 16, 2025 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 ILMN 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: January 3, 2025
End date: April 16, 2025
a = 17.8259
b = -0.0075
s = 0.0642
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0075) – 1
= -93.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0642) – 1
= 29.26%
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(17.8259 + -0.0075 × 1,722 + 2 × 0.0642)
= Exp(5.1251)
= $168.20
Bottom border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(17.8259 + -0.0075 × 1,722 – 2 × 0.0642)
= Exp(4.8685)
= $130.13
April 16, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(17.8259 + -0.0075 × 1,825 + 2 × 0.0642)
= Exp(4.3578)
= $78.08
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(17.8259 + -0.0075 × 1,825 – 2 × 0.0642)
= Exp(4.1012)
= $60.41
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 93.41% per annum.
- ILMN price at the close of April 16, 2025 was $73.53 and was inside the primary price channel.
Secondary Trend
Start date: February 20, 2025
End date: April 16, 2025
a = 12.5909
b = -0.0045
s = 0.0362
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0045) – 1
= -80.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0362) – 1
= 15.58%
February 20, 2025 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(12.5909 + -0.0045 × 1,770 + 2 × 0.0362)
= Exp(4.6173)
= $101.22
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(12.5909 + -0.0045 × 1,770 – 2 × 0.0362)
= Exp(4.4726)
= $87.58
April 16, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(12.5909 + -0.0045 × 1,825 + 2 × 0.0362)
= Exp(4.3673)
= $78.83
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.5909 + -0.0045 × 1,825 – 2 × 0.0362)
= Exp(4.2225)
= $68.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.97% per annum.
- ILMN price at the close of April 16, 2025 was inside the secondary price channel.