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 29.91% per annum.
- SITM price at the close of November 19, 2024 was $208.49 and was higher than the top border of the primary price channel by $98.28 (89.17%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.46% per annum.
- SITM price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $8.90 (4.46%).
- 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: August 4, 2021
End date: May 8, 2024
a = 6.0238
b = -0.0010
s = 0.2285
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2285) – 1
= 149.39%
August 4, 2021 calculations
Top border of price channel:
Exp(Y428)
= Exp(a + b × X428 + 2 × s)
= Exp(a + b × 623 + 2 × s)
= Exp(6.0238 + -0.0010 × 623 + 2 × 0.2285)
= Exp(5.8740)
= $355.65
Bottom border of price channel:
Exp(Y428)
= Exp(a + b × X428 – 2 × s)
= Exp(a + b × 623 – 2 × s)
= Exp(6.0238 + -0.0010 × 623 – 2 × 0.2285)
= Exp(4.9601)
= $142.61
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 + 2 × s)
= Exp(a + b × 1,631 + 2 × s)
= Exp(6.0238 + -0.0010 × 1,631 + 2 × 0.2285)
= Exp(4.8923)
= $133.26
Bottom border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 – 2 × s)
= Exp(a + b × 1,631 – 2 × s)
= Exp(6.0238 + -0.0010 × 1,631 – 2 × 0.2285)
= Exp(3.9785)
= $53.44
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.91% per annum.
- SITM price at the close of November 19, 2024 was $208.49 and was higher than the top border of the primary price channel by $98.28 (89.17%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 22, 2022
End date: November 19, 2024
a = 4.0946
b = 0.0005
s = 0.1772
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1772) – 1
= 103.12%
August 22, 2022 calculations
Top border of price channel:
Exp(Y692)
= Exp(a + b × X692 + 2 × s)
= Exp(a + b × 1,006 + 2 × s)
= Exp(4.0946 + 0.0005 × 1,006 + 2 × 0.1772)
= Exp(4.9158)
= $136.42
Bottom border of price channel:
Exp(Y692)
= Exp(a + b × X692 – 2 × s)
= Exp(a + b × 1,006 – 2 × s)
= Exp(4.0946 + 0.0005 × 1,006 – 2 × 0.1772)
= Exp(4.2071)
= $67.16
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(4.0946 + 0.0005 × 1,826 + 2 × 0.1772)
= Exp(5.2963)
= $199.59
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0946 + 0.0005 × 1,826 – 2 × 0.1772)
= Exp(4.5877)
= $98.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.46% per annum.
- SITM price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $8.90 (4.46%).