Sanmina Corporation (SANM)
Sanmina Corporation offers integrated solutions for manufacturing, components, products and repair, logistics and after-sales services globally. The company is headquartered in San Jose, 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 66.96% per annum.
- SANM price at the close of November 19, 2024 was $76.94 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.70% per annum.
- SANM 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 SANM 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: October 17, 2023
End date: August 1, 2024
a = 1.8697
b = 0.0014
s = 0.0502
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0502) – 1
= 22.25%
October 17, 2023 calculations
Top border of price channel:
Exp(Y982)
= Exp(a + b × X982 + 2 × s)
= Exp(a + b × 1,427 + 2 × s)
= Exp(1.8697 + 0.0014 × 1,427 + 2 × 0.0502)
= Exp(3.9741)
= $53.20
Bottom border of price channel:
Exp(Y982)
= Exp(a + b × X982 – 2 × s)
= Exp(a + b × 1,427 – 2 × s)
= Exp(1.8697 + 0.0014 × 1,427 – 2 × 0.0502)
= Exp(3.7731)
= $43.52
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(1.8697 + 0.0014 × 1,716 + 2 × 0.0502)
= Exp(4.3799)
= $79.83
Bottom border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(1.8697 + 0.0014 × 1,716 – 2 × 0.0502)
= Exp(4.1790)
= $65.30
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.96% per annum.
- SANM price at the close of November 19, 2024 was $76.94 and was inside the primary price channel.
Secondary Trend
Start date: January 30, 2024
End date: November 5, 2024
a = 3.2450
b = 0.0006
s = 0.0440
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0440) – 1
= 19.26%
January 30, 2024 calculations
Top border of price channel:
Exp(Y1,053)
= Exp(a + b × X1,053 + 2 × s)
= Exp(a + b × 1,532 + 2 × s)
= Exp(3.2450 + 0.0006 × 1,532 + 2 × 0.0440)
= Exp(4.1918)
= $66.14
Bottom border of price channel:
Exp(Y1,053)
= Exp(a + b × X1,053 – 2 × s)
= Exp(a + b × 1,532 – 2 × s)
= Exp(3.2450 + 0.0006 × 1,532 – 2 × 0.0440)
= Exp(4.0157)
= $55.46
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(3.2450 + 0.0006 × 1,812 + 2 × 0.0440)
= Exp(4.3487)
= $77.38
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(3.2450 + 0.0006 × 1,812 – 2 × 0.0440)
= Exp(4.1727)
= $64.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.70% per annum.
- SANM price at the close of November 19, 2024 was inside the secondary price channel.