Perdoceo Education Corp (PRDO)
Perdoceo Education Corporation provides postsecondary education to students through online, campus-based, and blended learning programs in the United States. The company is headquartered in Schaumburg, Illinois.
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 36.61% per annum.
- PRDO price at the close of November 20, 2024 was $26.43 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 53.58% per annum.
- PRDO 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 PRDO 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: January 26, 2022
End date: November 20, 2024
a = 1.5736
b = 0.0009
s = 0.0984
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0984) – 1
= 48.24%
January 26, 2022 calculations
Top border of price channel:
Exp(Y548)
= Exp(a + b × X548 + 2 × s)
= Exp(a + b × 797 + 2 × s)
= Exp(1.5736 + 0.0009 × 797 + 2 × 0.0984)
= Exp(2.4516)
= $11.61
Bottom border of price channel:
Exp(Y548)
= Exp(a + b × X548 – 2 × s)
= Exp(a + b × 797 – 2 × s)
= Exp(1.5736 + 0.0009 × 797 – 2 × 0.0984)
= Exp(2.0579)
= $7.83
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(1.5736 + 0.0009 × 1,826 + 2 × 0.0984)
= Exp(3.3310)
= $27.97
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.5736 + 0.0009 × 1,826 – 2 × 0.0984)
= Exp(2.9373)
= $18.86
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.61% per annum.
- PRDO price at the close of November 20, 2024 was $26.43 and was inside the primary price channel.
Secondary Trend
Start date: March 22, 2023
End date: November 20, 2024
a = 1.0676
b = 0.0012
s = 0.0857
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 53.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0857) – 1
= 40.90%
March 22, 2023 calculations
Top border of price channel:
Exp(Y837)
= Exp(a + b × X837 + 2 × s)
= Exp(a + b × 1,217 + 2 × s)
= Exp(1.0676 + 0.0012 × 1,217 + 2 × 0.0857)
= Exp(2.6695)
= $14.43
Bottom border of price channel:
Exp(Y837)
= Exp(a + b × X837 – 2 × s)
= Exp(a + b × 1,217 – 2 × s)
= Exp(1.0676 + 0.0012 × 1,217 – 2 × 0.0857)
= Exp(2.3266)
= $10.24
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(1.0676 + 0.0012 × 1,826 + 2 × 0.0857)
= Exp(3.3854)
= $29.53
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0676 + 0.0012 × 1,826 – 2 × 0.0857)
= Exp(3.0425)
= $20.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 53.58% per annum.
- PRDO price at the close of November 20, 2024 was inside the secondary price channel.