Omnicom Group Inc (OMC)
Omnicom Group Inc. is an American global media, marketing and corporate communications holding company, 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 32.61% per annum.
- OMC price at the close of November 20, 2024 was $99.08 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.65% per annum.
- OMC price at the close of November 20, 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 OMC 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: August 16, 2023
End date: November 14, 2024
a = 3.2418
b = 0.0008
s = 0.0405
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0405) – 1
= 17.61%
August 16, 2023 calculations
Top border of price channel:
Exp(Y938)
= Exp(a + b × X938 + 2 × s)
= Exp(a + b × 1,364 + 2 × s)
= Exp(3.2418 + 0.0008 × 1,364 + 2 × 0.0405)
= Exp(4.3776)
= $79.65
Bottom border of price channel:
Exp(Y938)
= Exp(a + b × X938 – 2 × s)
= Exp(a + b × 1,364 – 2 × s)
= Exp(3.2418 + 0.0008 × 1,364 – 2 × 0.0405)
= Exp(4.2154)
= $67.72
November 14, 2024 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(3.2418 + 0.0008 × 1,820 + 2 × 0.0405)
= Exp(4.7302)
= $113.32
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(3.2418 + 0.0008 × 1,820 – 2 × 0.0405)
= Exp(4.5680)
= $96.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 32.61% per annum.
- OMC price at the close of November 20, 2024 was $99.08 and was inside the primary price channel.
Secondary Trend
Start date: December 14, 2023
End date: November 20, 2024
a = 3.6041
b = 0.0006
s = 0.0314
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0314) – 1
= 13.38%
December 14, 2023 calculations
Top border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 + 2 × s)
= Exp(a + b × 1,484 + 2 × s)
= Exp(3.6041 + 0.0006 × 1,484 + 2 × 0.0314)
= Exp(4.4971)
= $89.76
Bottom border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 – 2 × s)
= Exp(a + b × 1,484 – 2 × s)
= Exp(3.6041 + 0.0006 × 1,484 – 2 × 0.0314)
= Exp(4.3715)
= $79.17
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(3.6041 + 0.0006 × 1,826 + 2 × 0.0314)
= Exp(4.6884)
= $108.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6041 + 0.0006 × 1,826 – 2 × 0.0314)
= Exp(4.5629)
= $95.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.65% per annum.
- OMC price at the close of November 20, 2024 was inside the secondary price channel.