Veeco Instruments Inc (VECO)
Veeco Instruments Inc., develops, manufactures, sells and supports semiconductor and thin film process equipment primarily to manufacture electronic devices globally. The company is headquartered in Plainview, New York.
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 73.03% per annum.
- VECO price at the close of November 19, 2024 was $25.99 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 97.17% per annum.
- VECO price at the close of November 19, 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 VECO 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 10, 2024
End date: November 19, 2024
a = 9.8386
b = -0.0036
s = 0.0630
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0036) – 1
= -73.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0630) – 1
= 28.68%
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 + 2 × s)
= Exp(a + b × 1,664 + 2 × s)
= Exp(9.8386 + -0.0036 × 1,664 + 2 × 0.0630)
= Exp(3.9905)
= $54.08
Bottom border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 – 2 × s)
= Exp(a + b × 1,664 – 2 × s)
= Exp(9.8386 + -0.0036 × 1,664 – 2 × 0.0630)
= Exp(3.7383)
= $42.03
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(9.8386 + -0.0036 × 1,826 + 2 × 0.0630)
= Exp(3.4089)
= $30.23
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.8386 + -0.0036 × 1,826 – 2 × 0.0630)
= Exp(3.1567)
= $23.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 73.03% per annum.
- VECO price at the close of November 19, 2024 was $25.99 and was inside the primary price channel.
Secondary Trend
Start date: November 5, 2024
End date: November 19, 2024
a = 21.0825
b = -0.0098
s = 0.0127
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0098) – 1
= -97.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0127) – 1
= 5.20%
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(21.0825 + -0.0098 × 1,812 + 2 × 0.0127)
= Exp(3.4159)
= $30.44
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(21.0825 + -0.0098 × 1,812 – 2 × 0.0127)
= Exp(3.3652)
= $28.94
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(21.0825 + -0.0098 × 1,826 + 2 × 0.0127)
= Exp(3.2792)
= $26.55
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(21.0825 + -0.0098 × 1,826 – 2 × 0.0127)
= Exp(3.2285)
= $25.24
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 97.17% per annum.
- VECO price at the close of November 19, 2024 was inside the secondary price channel.