ON Semiconductor Corporation (ON)
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
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 19.64% per annum.
- ON price at the close of November 20, 2024 was $67.31 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.33% per annum.
- ON 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 ON 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 15, 2023
End date: November 20, 2024
a = 5.2878
b = -0.0006
s = 0.0870
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -19.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0870) – 1
= 41.64%
May 15, 2023 calculations
Top border of price channel:
Exp(Y874)
= Exp(a + b × X874 + 2 × s)
= Exp(a + b × 1,271 + 2 × s)
= Exp(5.2878 + -0.0006 × 1,271 + 2 × 0.0870)
= Exp(4.7004)
= $109.99
Bottom border of price channel:
Exp(Y874)
= Exp(a + b × X874 – 2 × s)
= Exp(a + b × 1,271 – 2 × s)
= Exp(5.2878 + -0.0006 × 1,271 – 2 × 0.0870)
= Exp(4.3523)
= $77.66
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(5.2878 + -0.0006 × 1,826 + 2 × 0.0870)
= Exp(4.3679)
= $78.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.2878 + -0.0006 × 1,826 – 2 × 0.0870)
= Exp(4.0198)
= $55.69
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 19.64% per annum.
- ON price at the close of November 20, 2024 was $67.31 and was inside the primary price channel.
Secondary Trend
Start date: October 30, 2023
End date: November 20, 2024
a = 4.5306
b = -0.0001
s = 0.0628
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -5.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0628) – 1
= 28.58%
October 30, 2023 calculations
Top border of price channel:
Exp(Y990)
= Exp(a + b × X990 + 2 × s)
= Exp(a + b × 1,439 + 2 × s)
= Exp(4.5306 + -0.0001 × 1,439 + 2 × 0.0628)
= Exp(4.4405)
= $84.82
Bottom border of price channel:
Exp(Y990)
= Exp(a + b × X990 – 2 × s)
= Exp(a + b × 1,439 – 2 × s)
= Exp(4.5306 + -0.0001 × 1,439 – 2 × 0.0628)
= Exp(4.1891)
= $65.97
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(4.5306 + -0.0001 × 1,826 + 2 × 0.0628)
= Exp(4.3825)
= $80.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.5306 + -0.0001 × 1,826 – 2 × 0.0628)
= Exp(4.1311)
= $62.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.33% per annum.
- ON price at the close of November 20, 2024 was inside the secondary price channel.