Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Stock Price Trends

Stock price trends estimated using linear regression.


Summary

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 163.05% per annum.
  • CSGP price at the close of July 26, 2023 was $84.38 and was lower than the bottom border of the primary price channel by $4.68 (5.26%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 54.37% per annum.
  • CSGP price at the close of July 26, 2023 was lower than the bottom border of the secondary price channel by $4.35 (4.91%). This indicates a possible reversal in the secondary trend direction.

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 CSGP 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: March 13, 2023
End date: July 25, 2023

a = -0.3052

b = 0.0026

s = 0.0206

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 163.05%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0206) – 1
= 8.59%

March 13, 2023 calculations

Top border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 + 2 × s)
= Exp(a + b × 1,690 + 2 × s)
= Exp(-0.3052 + 0.0026 × 1,690 + 2 × 0.0206)
= Exp(4.2140)
= $67.63

Bottom border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 – 2 × s)
= Exp(a + b × 1,690 – 2 × s)
= Exp(-0.3052 + 0.0026 × 1,690 – 2 × 0.0206)
= Exp(4.1316)
= $62.28

July 25, 2023 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.3052 + 0.0026 × 1,824 + 2 × 0.0206)
= Exp(4.5691)
= $96.46

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.3052 + 0.0026 × 1,824 – 2 × 0.0206)
= Exp(4.4867)
= $88.83

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 163.05% per annum.
  • CSGP price at the close of July 26, 2023 was $84.38 and was lower than the bottom border of the primary price channel by $4.68 (5.26%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: June 21, 2023
End date: July 25, 2023

a = 2.3399

b = 0.0012

s = 0.0125

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 54.37%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0125) – 1
= 5.13%

June 21, 2023 calculations

Top border of price channel:

Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,790 + 2 × s)
= Exp(2.3399 + 0.0012 × 1,790 + 2 × 0.0125)
= Exp(4.4941)
= $89.49

Bottom border of price channel:

Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,790 – 2 × s)
= Exp(2.3399 + 0.0012 × 1,790 – 2 × 0.0125)
= Exp(4.4440)
= $85.12

July 25, 2023 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.3399 + 0.0012 × 1,824 + 2 × 0.0125)
= Exp(4.5345)
= $93.18

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.3399 + 0.0012 × 1,824 – 2 × 0.0125)
= Exp(4.4845)
= $88.63

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 54.37% per annum.
  • CSGP price at the close of July 26, 2023 was lower than the bottom border of the secondary price channel by $4.35 (4.91%). This indicates a possible reversal in the secondary trend direction.
Stock Price Trends

Check current CSGP price trends.

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