Teradata Corp (TDC)
Teradata Corporation is a provider of hybrid cloud analytics software. The company is headquartered in San Diego, California.
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 36.25% per annum.
- TDC price at the close of November 19, 2024 was $29.50 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.38% per annum.
- TDC 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 TDC 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: June 2, 2023
End date: November 19, 2024
a = 5.5856
b = -0.0012
s = 0.0795
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -36.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0795) – 1
= 37.45%
June 2, 2023 calculations
Top border of price channel:
Exp(Y888)
= Exp(a + b × X888 + 2 × s)
= Exp(a + b × 1,290 + 2 × s)
= Exp(5.5856 + -0.0012 × 1,290 + 2 × 0.0795)
= Exp(4.1534)
= $63.65
Bottom border of price channel:
Exp(Y888)
= Exp(a + b × X888 – 2 × s)
= Exp(a + b × 1,290 – 2 × s)
= Exp(5.5856 + -0.0012 × 1,290 – 2 × 0.0795)
= Exp(3.8354)
= $46.31
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(5.5856 + -0.0012 × 1,826 + 2 × 0.0795)
= Exp(3.4923)
= $32.86
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.5856 + -0.0012 × 1,826 – 2 × 0.0795)
= Exp(3.1742)
= $23.91
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 36.25% per annum.
- TDC price at the close of November 19, 2024 was $29.50 and was inside the primary price channel.
Secondary Trend
Start date: August 6, 2024
End date: November 19, 2024
a = 0.2996
b = 0.0017
s = 0.0446
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 88.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0446) – 1
= 19.53%
August 6, 2024 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,721 + 2 × s)
= Exp(0.2996 + 0.0017 × 1,721 + 2 × 0.0446)
= Exp(3.3748)
= $29.22
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,721 – 2 × s)
= Exp(0.2996 + 0.0017 × 1,721 – 2 × 0.0446)
= Exp(3.1964)
= $24.44
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(0.2996 + 0.0017 × 1,826 + 2 × 0.0446)
= Exp(3.5570)
= $35.06
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.2996 + 0.0017 × 1,826 – 2 × 0.0446)
= Exp(3.3786)
= $29.33
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 88.38% per annum.
- TDC price at the close of November 19, 2024 was inside the secondary price channel.