Nasdaq Inc (NDAQ)
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates stock exchanges in the United States and Europe. It is headquartered in New York City.
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 39.31% per annum.
- NDAQ price at the close of November 19, 2024 was $80.16 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 94.83% per annum.
- NDAQ price at the close of November 19, 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 NDAQ 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: June 22, 2023
End date: November 19, 2024
a = 2.6440
b = 0.0009
s = 0.0422
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0422) – 1
= 18.41%
June 22, 2023 calculations
Top border of price channel:
Exp(Y901)
= Exp(a + b × X901 + 2 × s)
= Exp(a + b × 1,310 + 2 × s)
= Exp(2.6440 + 0.0009 × 1,310 + 2 × 0.0422)
= Exp(3.9184)
= $50.32
Bottom border of price channel:
Exp(Y901)
= Exp(a + b × X901 – 2 × s)
= Exp(a + b × 1,310 – 2 × s)
= Exp(2.6440 + 0.0009 × 1,310 – 2 × 0.0422)
= Exp(3.7494)
= $42.50
November 19, 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(2.6440 + 0.0009 × 1,826 + 2 × 0.0422)
= Exp(4.3871)
= $80.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.6440 + 0.0009 × 1,826 – 2 × 0.0422)
= Exp(4.2181)
= $67.90
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 39.31% per annum.
- NDAQ price at the close of November 19, 2024 was $80.16 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: November 19, 2024
a = 1.0445
b = 0.0018
s = 0.0254
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 94.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0254) – 1
= 10.69%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(1.0445 + 0.0018 × 1,651 + 2 × 0.0254)
= Exp(4.1120)
= $61.07
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(1.0445 + 0.0018 × 1,651 – 2 × 0.0254)
= Exp(4.0105)
= $55.17
November 19, 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(1.0445 + 0.0018 × 1,826 + 2 × 0.0254)
= Exp(4.4318)
= $84.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0445 + 0.0018 × 1,826 – 2 × 0.0254)
= Exp(4.3302)
= $75.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 94.83% per annum.
- NDAQ price at the close of November 19, 2024 was inside the secondary price channel.