Synopsys Inc (SNPS)
Synopsys is an American electronic design automation company that focuses on silicon design and verification, silicon intellectual property and software security and quality. Products include logic synthesis, behavioral synthesis, place and route, static timing analysis, formal verification, hardware description language (SystemC, SystemVerilog/Verilog, VHDL) simulators, and transistor-level circuit simulation.
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 13.94% per annum.
- SNPS price at the close of November 19, 2024 was $534.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 81.20% per annum.
- SNPS price at the close of November 19, 2024 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 SNPS 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: February 2, 2024
End date: November 19, 2024
a = 6.9983
b = -0.0004
s = 0.0571
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0571) – 1
= 25.66%
February 2, 2024 calculations
Top border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 + 2 × s)
= Exp(a + b × 1,535 + 2 × s)
= Exp(6.9983 + -0.0004 × 1,535 + 2 × 0.0571)
= Exp(6.4812)
= $652.78
Bottom border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 – 2 × s)
= Exp(a + b × 1,535 – 2 × s)
= Exp(6.9983 + -0.0004 × 1,535 – 2 × 0.0571)
= Exp(6.2528)
= $519.47
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(6.9983 + -0.0004 × 1,826 + 2 × 0.0571)
= Exp(6.3616)
= $579.15
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.9983 + -0.0004 × 1,826 – 2 × 0.0571)
= Exp(6.1331)
= $460.88
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.94% per annum.
- SNPS price at the close of November 19, 2024 was $534.02 and was inside the primary price channel.
Secondary Trend
Start date: September 3, 2024
End date: November 19, 2024
a = 3.3265
b = 0.0016
s = 0.0321
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 81.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0321) – 1
= 13.71%
September 3, 2024 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(3.3265 + 0.0016 × 1,749 + 2 × 0.0321)
= Exp(6.2391)
= $512.38
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(3.3265 + 0.0016 × 1,749 – 2 × 0.0321)
= Exp(6.1105)
= $450.58
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(3.3265 + 0.0016 × 1,826 + 2 × 0.0321)
= Exp(6.3645)
= $580.83
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3265 + 0.0016 × 1,826 – 2 × 0.0321)
= Exp(6.2359)
= $510.78
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 81.20% per annum.
- SNPS price at the close of November 19, 2024 was inside the secondary price channel.