Sitime Corporation (SITM)
SiTime Corporation offers silicon timing systems in Taiwan, Hong Kong, the United States, and internationally.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.59% per annum.
- SITM price at the close of March 28, 2025 was $152.41 and was higher than the top border of the primary price channel by $54.01 (54.88%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.40% per annum.
- SITM price at the close of March 28, 2025 was inside the secondary price channel.
- 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 SITM 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 30, 2021
End date: May 8, 2024
a = 5.8803
b = -0.0010
s = 0.2304
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2304) – 1
= 151.30%
July 30, 2021 calculations
Top border of price channel:
Exp(Y336)
= Exp(a + b × X336 + 2 × s)
= Exp(a + b × 486 + 2 × s)
= Exp(5.8803 + -0.0010 × 486 + 2 × 0.2304)
= Exp(5.8740)
= $355.65
Bottom border of price channel:
Exp(Y336)
= Exp(a + b × X336 – 2 × s)
= Exp(a + b × 486 – 2 × s)
= Exp(5.8803 + -0.0010 × 486 – 2 × 0.2304)
= Exp(4.9525)
= $141.53
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 + 2 × s)
= Exp(a + b × 1,499 + 2 × s)
= Exp(5.8803 + -0.0010 × 1,499 + 2 × 0.2304)
= Exp(4.9004)
= $134.35
Bottom border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 – 2 × s)
= Exp(a + b × 1,499 – 2 × s)
= Exp(5.8803 + -0.0010 × 1,499 – 2 × 0.2304)
= Exp(3.9790)
= $53.46
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.59% per annum.
- SITM price at the close of March 28, 2025 was $152.41 and was higher than the top border of the primary price channel by $54.01 (54.88%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 26, 2022
End date: March 28, 2025
a = 3.8717
b = 0.0007
s = 0.1986
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1986) – 1
= 121.27%
August 26, 2022 calculations
Top border of price channel:
Exp(Y607)
= Exp(a + b × X607 + 2 × s)
= Exp(a + b × 878 + 2 × s)
= Exp(3.8717 + 0.0007 × 878 + 2 × 0.1986)
= Exp(4.8888)
= $132.79
Bottom border of price channel:
Exp(Y607)
= Exp(a + b × X607 – 2 × s)
= Exp(a + b × 878 – 2 × s)
= Exp(3.8717 + 0.0007 × 878 – 2 × 0.1986)
= Exp(4.0946)
= $60.01
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.8717 + 0.0007 × 1,823 + 2 × 0.1986)
= Exp(5.5561)
= $258.80
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.8717 + 0.0007 × 1,823 – 2 × 0.1986)
= Exp(4.7618)
= $116.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.40% per annum.
- SITM price at the close of March 28, 2025 was inside the secondary price channel.