Sonic Automotive Inc (SAH)
Sonic Automotive, Inc. is an automobile retailer in the United States. The company is headquartered in Charlotte, North Carolina.
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 7.90% per annum.
- SAH price at the close of November 19, 2024 was $62.57 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.11% per annum.
- SAH price at the close of November 19, 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 SAH 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: July 22, 2020
End date: November 5, 2024
a = 3.6290
b = 0.0002
s = 0.0952
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0952) – 1
= 46.34%
July 22, 2020 calculations
Top border of price channel:
Exp(Y167)
= Exp(a + b × X167 + 2 × s)
= Exp(a + b × 245 + 2 × s)
= Exp(3.6290 + 0.0002 × 245 + 2 × 0.0952)
= Exp(3.8705)
= $47.96
Bottom border of price channel:
Exp(Y167)
= Exp(a + b × X167 – 2 × s)
= Exp(a + b × 245 – 2 × s)
= Exp(3.6290 + 0.0002 × 245 – 2 × 0.0952)
= Exp(3.4897)
= $32.78
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(3.6290 + 0.0002 × 1,812 + 2 × 0.0952)
= Exp(4.1970)
= $66.49
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(3.6290 + 0.0002 × 1,812 – 2 × 0.0952)
= Exp(3.8163)
= $45.44
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 7.90% per annum.
- SAH price at the close of November 19, 2024 was $62.57 and was inside the primary price channel.
Secondary Trend
Start date: April 27, 2023
End date: November 19, 2024
a = 3.0672
b = 0.0006
s = 0.0619
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0619) – 1
= 28.07%
April 27, 2023 calculations
Top border of price channel:
Exp(Y863)
= Exp(a + b × X863 + 2 × s)
= Exp(a + b × 1,254 + 2 × s)
= Exp(3.0672 + 0.0006 × 1,254 + 2 × 0.0619)
= Exp(3.9052)
= $49.66
Bottom border of price channel:
Exp(Y863)
= Exp(a + b × X863 – 2 × s)
= Exp(a + b × 1,254 – 2 × s)
= Exp(3.0672 + 0.0006 × 1,254 – 2 × 0.0619)
= Exp(3.6578)
= $38.78
November 19, 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(3.0672 + 0.0006 × 1,826 + 2 × 0.0619)
= Exp(4.2310)
= $68.79
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0672 + 0.0006 × 1,826 – 2 × 0.0619)
= Exp(3.9836)
= $53.71
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.11% per annum.
- SAH price at the close of November 19, 2024 was inside the secondary price channel.