Virtu Financial Inc (VIRT)
Virtu Financial, Inc., a financial services company, provides data, analytics and connectivity products and execution services to clients around the world. The company is headquartered in New York, New York.
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 173.39% per annum.
- VIRT price at the close of October 16, 2024 was $33.42 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.85% per annum.
- VIRT price at the close of October 16, 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 VIRT 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: January 25, 2024
End date: October 16, 2024
a = -1.5227
b = 0.0028
s = 0.0518
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 173.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0518) – 1
= 23.04%
January 25, 2024 calculations
Top border of price channel:
Exp(Y1,074)
= Exp(a + b × X1,074 + 2 × s)
= Exp(a + b × 1,561 + 2 × s)
= Exp(-1.5227 + 0.0028 × 1,561 + 2 × 0.0518)
= Exp(2.8821)
= $17.85
Bottom border of price channel:
Exp(Y1,074)
= Exp(a + b × X1,074 – 2 × s)
= Exp(a + b × 1,561 – 2 × s)
= Exp(-1.5227 + 0.0028 × 1,561 – 2 × 0.0518)
= Exp(2.6748)
= $14.51
October 16, 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(-1.5227 + 0.0028 × 1,826 + 2 × 0.0518)
= Exp(3.6123)
= $37.05
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.5227 + 0.0028 × 1,826 – 2 × 0.0518)
= Exp(3.4050)
= $30.11
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 173.39% per annum.
- VIRT price at the close of October 16, 2024 was $33.42 and was inside the primary price channel.
Secondary Trend
Start date: August 13, 2024
End date: October 16, 2024
a = 0.8031
b = 0.0015
s = 0.0204
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0204) – 1
= 8.49%
August 13, 2024 calculations
Top border of price channel:
Exp(Y1,212)
= Exp(a + b × X1,212 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(0.8031 + 0.0015 × 1,762 + 2 × 0.0204)
= Exp(3.4295)
= $30.86
Bottom border of price channel:
Exp(Y1,212)
= Exp(a + b × X1,212 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(0.8031 + 0.0015 × 1,762 – 2 × 0.0204)
= Exp(3.3480)
= $28.45
October 16, 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(0.8031 + 0.0015 × 1,826 + 2 × 0.0204)
= Exp(3.5234)
= $33.90
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.8031 + 0.0015 × 1,826 – 2 × 0.0204)
= Exp(3.4419)
= $31.25
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.85% per annum.
- VIRT price at the close of October 16, 2024 was inside the secondary price channel.