QuinStreet Inc (QNST)
QuinStreet, Inc., an online performance marketing company, offers client acquisition services for its clients in the United States and internationally. The company is headquartered in Foster City, California.
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 94.25% per annum.
- QNST price at the close of November 20, 2024 was $21.75 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.57% per annum.
- QNST 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 QNST 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 4, 2023
End date: November 20, 2024
a = -0.2119
b = 0.0018
s = 0.0896
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 94.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0896) – 1
= 43.13%
May 4, 2023 calculations
Top border of price channel:
Exp(Y867)
= Exp(a + b × X867 + 2 × s)
= Exp(a + b × 1,260 + 2 × s)
= Exp(-0.2119 + 0.0018 × 1,260 + 2 × 0.0896)
= Exp(2.2595)
= $9.58
Bottom border of price channel:
Exp(Y867)
= Exp(a + b × X867 – 2 × s)
= Exp(a + b × 1,260 – 2 × s)
= Exp(-0.2119 + 0.0018 × 1,260 – 2 × 0.0896)
= Exp(1.9009)
= $6.69
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(-0.2119 + 0.0018 × 1,826 + 2 × 0.0896)
= Exp(3.2891)
= $26.82
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.2119 + 0.0018 × 1,826 – 2 × 0.0896)
= Exp(2.9305)
= $18.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 94.25% per annum.
- QNST price at the close of November 20, 2024 was $21.75 and was inside the primary price channel.
Secondary Trend
Start date: February 8, 2024
End date: November 20, 2024
a = 1.3038
b = 0.0009
s = 0.0616
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0616) – 1
= 27.93%
February 8, 2024 calculations
Top border of price channel:
Exp(Y1,059)
= Exp(a + b × X1,059 + 2 × s)
= Exp(a + b × 1,540 + 2 × s)
= Exp(1.3038 + 0.0009 × 1,540 + 2 × 0.0616)
= Exp(2.8638)
= $17.53
Bottom border of price channel:
Exp(Y1,059)
= Exp(a + b × X1,059 – 2 × s)
= Exp(a + b × 1,540 – 2 × s)
= Exp(1.3038 + 0.0009 × 1,540 – 2 × 0.0616)
= Exp(2.6175)
= $13.70
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(1.3038 + 0.0009 × 1,826 + 2 × 0.0616)
= Exp(3.1307)
= $22.89
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.3038 + 0.0009 × 1,826 – 2 × 0.0616)
= Exp(2.8844)
= $17.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.57% per annum.
- QNST price at the close of November 20, 2024 was inside the secondary price channel.