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 161.94% per annum.
- VIRT price at the close of November 19, 2024 was $36.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 86.51% per annum.
- VIRT price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.17 (0.48%).
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: November 19, 2024
a = -1.2393
b = 0.0026
s = 0.0531
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 161.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0531) – 1
= 23.64%
January 25, 2024 calculations
Top border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 + 2 × s)
= Exp(a + b × 1,527 + 2 × s)
= Exp(-1.2393 + 0.0026 × 1,527 + 2 × 0.0531)
= Exp(2.8954)
= $18.09
Bottom border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 – 2 × s)
= Exp(a + b × 1,527 – 2 × s)
= Exp(-1.2393 + 0.0026 × 1,527 – 2 × 0.0531)
= Exp(2.6831)
= $14.63
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(-1.2393 + 0.0026 × 1,826 + 2 × 0.0531)
= Exp(3.6842)
= $39.81
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.2393 + 0.0026 × 1,826 – 2 × 0.0531)
= Exp(3.4720)
= $32.20
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 161.94% per annum.
- VIRT price at the close of November 19, 2024 was $36.90 and was inside the primary price channel.
Secondary Trend
Start date: July 18, 2024
End date: November 19, 2024
a = 0.4183
b = 0.0017
s = 0.0335
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 86.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0335) – 1
= 14.33%
July 18, 2024 calculations
Top border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 + 2 × s)
= Exp(a + b × 1,702 + 2 × s)
= Exp(0.4183 + 0.0017 × 1,702 + 2 × 0.0335)
= Exp(3.3917)
= $29.72
Bottom border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 – 2 × s)
= Exp(a + b × 1,702 – 2 × s)
= Exp(0.4183 + 0.0017 × 1,702 – 2 × 0.0335)
= Exp(3.2578)
= $25.99
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(0.4183 + 0.0017 × 1,826 + 2 × 0.0335)
= Exp(3.6035)
= $36.73
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.4183 + 0.0017 × 1,826 – 2 × 0.0335)
= Exp(3.4696)
= $32.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 86.51% per annum.
- VIRT price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.17 (0.48%).