WisdomTree Inc. (WT)
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 44.73% per annum.
- WT price at the close of November 19, 2024 was $11.55 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.67% per annum.
- WT 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 WT 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: August 17, 2022
End date: November 19, 2024
a = 0.5204
b = 0.0010
s = 0.0750
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 44.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0750) – 1
= 34.96%
August 17, 2022 calculations
Top border of price channel:
Exp(Y689)
= Exp(a + b × X689 + 2 × s)
= Exp(a + b × 1,001 + 2 × s)
= Exp(0.5204 + 0.0010 × 1,001 + 2 × 0.0750)
= Exp(1.6842)
= $5.39
Bottom border of price channel:
Exp(Y689)
= Exp(a + b × X689 – 2 × s)
= Exp(a + b × 1,001 – 2 × s)
= Exp(0.5204 + 0.0010 × 1,001 – 2 × 0.0750)
= Exp(1.3844)
= $3.99
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.5204 + 0.0010 × 1,826 + 2 × 0.0750)
= Exp(2.5198)
= $12.43
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.5204 + 0.0010 × 1,826 – 2 × 0.0750)
= Exp(2.2200)
= $9.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 44.73% per annum.
- WT price at the close of November 19, 2024 was $11.55 and was inside the primary price channel.
Secondary Trend
Start date: October 19, 2023
End date: November 19, 2024
a = -0.3119
b = 0.0015
s = 0.0720
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 73.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0720) – 1
= 33.36%
October 19, 2023 calculations
Top border of price channel:
Exp(Y972)
= Exp(a + b × X972 + 2 × s)
= Exp(a + b × 1,429 + 2 × s)
= Exp(-0.3119 + 0.0015 × 1,429 + 2 × 0.0720)
= Exp(1.9932)
= $7.34
Bottom border of price channel:
Exp(Y972)
= Exp(a + b × X972 – 2 × s)
= Exp(a + b × 1,429 – 2 × s)
= Exp(-0.3119 + 0.0015 × 1,429 – 2 × 0.0720)
= Exp(1.7052)
= $5.50
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-0.3119 + 0.0015 × 1,826 + 2 × 0.0720)
= Exp(2.5935)
= $13.38
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.3119 + 0.0015 × 1,826 – 2 × 0.0720)
= Exp(2.3056)
= $10.03
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.67% per annum.
- WT price at the close of November 19, 2024 was inside the secondary price channel.