Insight Enterprises Inc (NSIT)
Insight Enterprises, Inc. provides hardware, software, and information technology services solutions in the United States, Canada, Europe, the Middle East, Africa, and Asia-Pacific. The company is headquartered in Tempe, Arizona.
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 56.98% per annum.
- NSIT price at the close of November 19, 2024 was $149.61 and was lower than the bottom border of the primary price channel by $70.60 (32.06%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.31% per annum.
- NSIT price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $45.52 (23.33%). 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 NSIT 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 13, 2022
End date: July 31, 2024
a = 3.2807
b = 0.0012
s = 0.0710
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 56.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0710) – 1
= 32.86%
June 13, 2022 calculations
Top border of price channel:
Exp(Y644)
= Exp(a + b × X644 + 2 × s)
= Exp(a + b × 936 + 2 × s)
= Exp(3.2807 + 0.0012 × 936 + 2 × 0.0710)
= Exp(4.5792)
= $97.43
Bottom border of price channel:
Exp(Y644)
= Exp(a + b × X644 – 2 × s)
= Exp(a + b × 936 – 2 × s)
= Exp(3.2807 + 0.0012 × 936 – 2 × 0.0710)
= Exp(4.2950)
= $73.33
July 31, 2024 calculations
Top border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 + 2 × s)
= Exp(a + b × 1,715 + 2 × s)
= Exp(3.2807 + 0.0012 × 1,715 + 2 × 0.0710)
= Exp(5.5416)
= $255.08
Bottom border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 – 2 × s)
= Exp(a + b × 1,715 – 2 × s)
= Exp(3.2807 + 0.0012 × 1,715 – 2 × 0.0710)
= Exp(5.2574)
= $191.99
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 56.98% per annum.
- NSIT price at the close of November 19, 2024 was $149.61 and was lower than the bottom border of the primary price channel by $70.60 (32.06%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 9, 2023
End date: November 11, 2024
a = 3.8199
b = 0.0009
s = 0.0662
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0662) – 1
= 30.32%
February 9, 2023 calculations
Top border of price channel:
Exp(Y810)
= Exp(a + b × X810 + 2 × s)
= Exp(a + b × 1,177 + 2 × s)
= Exp(3.8199 + 0.0009 × 1,177 + 2 × 0.0662)
= Exp(4.9747)
= $144.71
Bottom border of price channel:
Exp(Y810)
= Exp(a + b × X810 – 2 × s)
= Exp(a + b × 1,177 – 2 × s)
= Exp(3.8199 + 0.0009 × 1,177 – 2 × 0.0662)
= Exp(4.7099)
= $111.04
November 11, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(3.8199 + 0.0009 × 1,818 + 2 × 0.0662)
= Exp(5.5315)
= $252.53
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(3.8199 + 0.0009 × 1,818 – 2 × 0.0662)
= Exp(5.2667)
= $193.78
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.31% per annum.
- NSIT price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $45.52 (23.33%). This indicates a possible reversal in the secondary trend direction.