Zebra Technologies Corporation (ZBRA)
Zebra Technologies Corporation is an American company that manufactures and sells marking, tracking, and computer printing technologies. Its products include thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, and card and kiosk printers that are used for barcode labeling, personal identification, and specialty printing, principally in the manufacturing, supply chain, retail, healthcare, and government sectors.
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 67.81% per annum.
- ZBRA price at the close of November 19, 2024 was $382.40 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 55.05% per annum.
- ZBRA 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 ZBRA 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: September 21, 2023
End date: November 19, 2024
a = 3.3795
b = 0.0014
s = 0.0508
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0508) – 1
= 22.54%
September 21, 2023 calculations
Top border of price channel:
Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,401 + 2 × s)
= Exp(3.3795 + 0.0014 × 1,401 + 2 × 0.0508)
= Exp(5.4681)
= $237.01
Bottom border of price channel:
Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,401 – 2 × s)
= Exp(3.3795 + 0.0014 × 1,401 – 2 × 0.0508)
= Exp(5.2648)
= $193.41
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(3.3795 + 0.0014 × 1,826 + 2 × 0.0508)
= Exp(6.0709)
= $433.06
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3795 + 0.0014 × 1,826 – 2 × 0.0508)
= Exp(5.8676)
= $353.39
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 67.81% per annum.
- ZBRA price at the close of November 19, 2024 was $382.40 and was inside the primary price channel.
Secondary Trend
Start date: February 15, 2024
End date: November 19, 2024
a = 3.7515
b = 0.0012
s = 0.0365
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 55.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0365) – 1
= 15.72%
February 15, 2024 calculations
Top border of price channel:
Exp(Y1,065)
= Exp(a + b × X1,065 + 2 × s)
= Exp(a + b × 1,548 + 2 × s)
= Exp(3.7515 + 0.0012 × 1,548 + 2 × 0.0365)
= Exp(5.6846)
= $294.30
Bottom border of price channel:
Exp(Y1,065)
= Exp(a + b × X1,065 – 2 × s)
= Exp(a + b × 1,548 – 2 × s)
= Exp(3.7515 + 0.0012 × 1,548 – 2 × 0.0365)
= Exp(5.5386)
= $254.32
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(3.7515 + 0.0012 × 1,826 + 2 × 0.0365)
= Exp(6.0186)
= $411.02
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7515 + 0.0012 × 1,826 – 2 × 0.0365)
= Exp(5.8726)
= $355.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 55.05% per annum.
- ZBRA price at the close of November 19, 2024 was inside the secondary price channel.