Madison Square Garden Sports Corp (MSGS)
Madison Square Garden Sports Corp. 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 increasing.
- The growth rate of the primary trend is 51.50% per annum.
- MSGS price at the close of November 20, 2024 was $224.30 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 51.81% per annum.
- MSGS price at the close of November 20, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 MSGS 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 20, 2024
End date: November 20, 2024
a = 3.3366
b = 0.0011
s = 0.0183
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0183) – 1
= 7.60%
May 20, 2024 calculations
Top border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 + 2 × s)
= Exp(a + b × 1,642 + 2 × s)
= Exp(3.3366 + 0.0011 × 1,642 + 2 × 0.0183)
= Exp(5.2421)
= $189.07
Bottom border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 – 2 × s)
= Exp(a + b × 1,642 – 2 × s)
= Exp(3.3366 + 0.0011 × 1,642 – 2 × 0.0183)
= Exp(5.1688)
= $175.71
November 20, 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(3.3366 + 0.0011 × 1,826 + 2 × 0.0183)
= Exp(5.4515)
= $233.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3366 + 0.0011 × 1,826 – 2 × 0.0183)
= Exp(5.3783)
= $216.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 51.50% per annum.
- MSGS price at the close of November 20, 2024 was $224.30 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: November 20, 2024
a = 9.0483
b = -0.0020
s = 0.0106
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -51.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0106) – 1
= 4.35%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(9.0483 + -0.0020 × 1,812 + 2 × 0.0106)
= Exp(5.4459)
= $231.79
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(9.0483 + -0.0020 × 1,812 – 2 × 0.0106)
= Exp(5.4033)
= $222.14
November 20, 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(9.0483 + -0.0020 × 1,826 + 2 × 0.0106)
= Exp(5.4179)
= $225.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.0483 + -0.0020 × 1,826 – 2 × 0.0106)
= Exp(5.3753)
= $216.01
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 51.81% per annum.
- MSGS price at the close of November 20, 2024 was inside the secondary price channel.