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 25.65% per annum.
- ON price at the close of March 28, 2025 was $40.94 and was lower than the bottom border of the primary price channel by $4.04 (8.98%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 79.28% per annum.
- ON price at the close of March 28, 2025 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 16, 2023
End date: March 27, 2025
a = 5.4990
b = -0.0008
s = 0.1062
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1062) – 1
= 52.95%
May 16, 2023 calculations
Top border of price channel:
Exp(Y787)
= Exp(a + b × X787 + 2 × s)
= Exp(a + b × 1,141 + 2 × s)
= Exp(5.4990 + -0.0008 × 1,141 + 2 × 0.1062)
= Exp(4.7850)
= $119.70
Bottom border of price channel:
Exp(Y787)
= Exp(a + b × X787 – 2 × s)
= Exp(a + b × 1,141 – 2 × s)
= Exp(5.4990 + -0.0008 × 1,141 – 2 × 0.1062)
= Exp(4.3600)
= $78.26
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(5.4990 + -0.0008 × 1,822 + 2 × 0.1062)
= Exp(4.2320)
= $68.86
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(5.4990 + -0.0008 × 1,822 – 2 × 0.1062)
= Exp(3.8070)
= $45.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 25.65% per annum.
- ON price at the close of March 28, 2025 was $40.94 and was lower than the bottom border of the primary price channel by $4.04 (8.98%).
Secondary Trend
Start date: November 21, 2024
End date: March 28, 2025
a = 11.6032
b = -0.0043
s = 0.0455
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0043) – 1
= -79.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0455) – 1
= 19.97%
November 21, 2024 calculations
Top border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 + 2 × s)
= Exp(a + b × 1,696 + 2 × s)
= Exp(11.6032 + -0.0043 × 1,696 + 2 × 0.0455)
= Exp(4.3811)
= $79.92
Bottom border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 – 2 × s)
= Exp(a + b × 1,696 – 2 × s)
= Exp(11.6032 + -0.0043 × 1,696 – 2 × 0.0455)
= Exp(4.1990)
= $66.62
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(11.6032 + -0.0043 × 1,823 + 2 × 0.0455)
= Exp(3.8335)
= $46.22
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(11.6032 + -0.0043 × 1,823 – 2 × 0.0455)
= Exp(3.6514)
= $38.53
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 79.28% per annum.
- ON price at the close of March 28, 2025 was inside the secondary price channel.