ZoomInfo Technologies Inc (ZI)
ZoomInfo Technologies Inc. operates a cloud-based go-to-market intelligence platform for sales and marketing teams globally. The company is headquartered in Vancouver, Washington.
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 47.11% per annum.
- ZI price at the close of November 19, 2024 was $9.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 115.89% per annum.
- ZI price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.55 (5.27%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 ZI 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 23, 2021
End date: October 31, 2024
a = 5.0584
b = -0.0017
s = 0.1350
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -47.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1350) – 1
= 71.59%
August 23, 2021 calculations
Top border of price channel:
Exp(Y307)
= Exp(a + b × X307 + 2 × s)
= Exp(a + b × 445 + 2 × s)
= Exp(5.0584 + -0.0017 × 445 + 2 × 0.1350)
= Exp(4.5517)
= $94.80
Bottom border of price channel:
Exp(Y307)
= Exp(a + b × X307 – 2 × s)
= Exp(a + b × 445 – 2 × s)
= Exp(5.0584 + -0.0017 × 445 – 2 × 0.1350)
= Exp(4.0118)
= $55.25
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,110)
= Exp(a + b × X1,110 + 2 × s)
= Exp(a + b × 1,610 + 2 × s)
= Exp(5.0584 + -0.0017 × 1,610 + 2 × 0.1350)
= Exp(2.5186)
= $12.41
Bottom border of price channel:
Exp(Y1,110)
= Exp(a + b × X1,110 – 2 × s)
= Exp(a + b × 1,610 – 2 × s)
= Exp(5.0584 + -0.0017 × 1,610 – 2 × 0.1350)
= Exp(1.9786)
= $7.23
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.11% per annum.
- ZI price at the close of November 19, 2024 was $9.90 and was inside the primary price channel.
Secondary Trend
Start date: August 5, 2024
End date: November 8, 2024
a = -1.0045
b = 0.0021
s = 0.0418
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 115.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0418) – 1
= 18.19%
August 5, 2024 calculations
Top border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 + 2 × s)
= Exp(a + b × 1,523 + 2 × s)
= Exp(-1.0045 + 0.0021 × 1,523 + 2 × 0.0418)
= Exp(2.2903)
= $9.88
Bottom border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 – 2 × s)
= Exp(a + b × 1,523 – 2 × s)
= Exp(-1.0045 + 0.0021 × 1,523 – 2 × 0.0418)
= Exp(2.1232)
= $8.36
November 8, 2024 calculations
Top border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 + 2 × s)
= Exp(a + b × 1,618 + 2 × s)
= Exp(-1.0045 + 0.0021 × 1,618 + 2 × 0.0418)
= Exp(2.4906)
= $12.07
Bottom border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 – 2 × s)
= Exp(a + b × 1,618 – 2 × s)
= Exp(-1.0045 + 0.0021 × 1,618 – 2 × 0.0418)
= Exp(2.3235)
= $10.21
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 115.89% per annum.
- ZI price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.55 (5.27%). This indicates a possible reversal in the secondary trend direction.