Stepstone Group Inc (STEP)
None
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 137.18% per annum.
- STEP price at the close of September 6, 2024 was $52.48 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 195.37% per annum.
- STEP price at the close of September 6, 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 STEP 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: November 6, 2023
End date: September 6, 2024
a = 0.5273
b = 0.0024
s = 0.0536
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 137.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0536) – 1
= 23.93%
November 6, 2023 calculations
Top border of price channel:
Exp(Y790)
= Exp(a + b × X790 + 2 × s)
= Exp(a + b × 1,146 + 2 × s)
= Exp(0.5273 + 0.0024 × 1,146 + 2 × 0.0536)
= Exp(3.3462)
= $28.40
Bottom border of price channel:
Exp(Y790)
= Exp(a + b × X790 – 2 × s)
= Exp(a + b × 1,146 – 2 × s)
= Exp(0.5273 + 0.0024 × 1,146 – 2 × 0.0536)
= Exp(3.1317)
= $22.91
September 6, 2024 calculations
Top border of price channel:
Exp(Y999)
= Exp(a + b × X999 + 2 × s)
= Exp(a + b × 1,451 + 2 × s)
= Exp(0.5273 + 0.0024 × 1,451 + 2 × 0.0536)
= Exp(4.0679)
= $58.43
Bottom border of price channel:
Exp(Y999)
= Exp(a + b × X999 – 2 × s)
= Exp(a + b × 1,451 – 2 × s)
= Exp(0.5273 + 0.0024 × 1,451 – 2 × 0.0536)
= Exp(3.8534)
= $47.15
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 137.18% per annum.
- STEP price at the close of September 6, 2024 was $52.48 and was inside the primary price channel.
Secondary Trend
Start date: March 14, 2024
End date: September 6, 2024
a = -0.3060
b = 0.0030
s = 0.0364
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 195.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0364) – 1
= 15.68%
March 14, 2024 calculations
Top border of price channel:
Exp(Y878)
= Exp(a + b × X878 + 2 × s)
= Exp(a + b × 1,275 + 2 × s)
= Exp(-0.3060 + 0.0030 × 1,275 + 2 × 0.0364)
= Exp(3.5501)
= $34.82
Bottom border of price channel:
Exp(Y878)
= Exp(a + b × X878 – 2 × s)
= Exp(a + b × 1,275 – 2 × s)
= Exp(-0.3060 + 0.0030 × 1,275 – 2 × 0.0364)
= Exp(3.4045)
= $30.10
September 6, 2024 calculations
Top border of price channel:
Exp(Y999)
= Exp(a + b × X999 + 2 × s)
= Exp(a + b × 1,451 + 2 × s)
= Exp(-0.3060 + 0.0030 × 1,451 + 2 × 0.0364)
= Exp(4.0723)
= $58.69
Bottom border of price channel:
Exp(Y999)
= Exp(a + b × X999 – 2 × s)
= Exp(a + b × 1,451 – 2 × s)
= Exp(-0.3060 + 0.0030 × 1,451 – 2 × 0.0364)
= Exp(3.9267)
= $50.74
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 195.37% per annum.
- STEP price at the close of September 6, 2024 was inside the secondary price channel.