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 45.00% per annum.
- SANM price at the close of April 24, 2025 was $80.26 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.28% per annum.
- SANM price at the close of April 24, 2025 was higher than the top border of the secondary price channel by $0.17 (0.21%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: September 12, 2023
End date: February 28, 2025
a = 2.6369
b = 0.0010
s = 0.0583
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0583) – 1
= 26.28%
September 12, 2023 calculations
Top border of price channel:
Exp(Y850)
= Exp(a + b × X850 + 2 × s)
= Exp(a + b × 1,233 + 2 × s)
= Exp(2.6369 + 0.0010 × 1,233 + 2 × 0.0583)
= Exp(4.0088)
= $55.08
Bottom border of price channel:
Exp(Y850)
= Exp(a + b × X850 – 2 × s)
= Exp(a + b × 1,233 – 2 × s)
= Exp(2.6369 + 0.0010 × 1,233 – 2 × 0.0583)
= Exp(3.7754)
= $43.62
February 28, 2025 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(2.6369 + 0.0010 × 1,768 + 2 × 0.0583)
= Exp(4.5534)
= $94.96
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(2.6369 + 0.0010 × 1,768 – 2 × 0.0583)
= Exp(4.3201)
= $75.20
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 45.00% per annum.
- SANM price at the close of April 24, 2025 was $80.26 and was inside the primary price channel.
Secondary Trend
Start date: January 15, 2025
End date: April 22, 2025
a = 7.6767
b = -0.0019
s = 0.0487
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -49.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0487) – 1
= 21.51%
January 15, 2025 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,724 + 2 × s)
= Exp(7.6767 + -0.0019 × 1,724 + 2 × 0.0487)
= Exp(4.5674)
= $96.29
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,724 – 2 × s)
= Exp(7.6767 + -0.0019 × 1,724 – 2 × 0.0487)
= Exp(4.3725)
= $79.24
April 22, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(7.6767 + -0.0019 × 1,821 + 2 × 0.0487)
= Exp(4.3869)
= $80.39
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(7.6767 + -0.0019 × 1,821 – 2 × 0.0487)
= Exp(4.1921)
= $66.16
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.28% per annum.
- SANM price at the close of April 24, 2025 was higher than the top border of the secondary price channel by $0.17 (0.21%). This indicates a possible reversal in the secondary trend direction.