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NTD certainly seems to be gaining traction with its share...

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    NTD certainly seems to be gaining traction with its share value.

    Calculating a best fit exponential growth curve and calculating R-squared correlation factor between a exponential curve(Green) and the share price black we get the below graphs.

    A R2 of 0 means their is no correlation between the price and a exponential graph.
    A R2 of 1 means their is 100% correlation between the price and exponential growth(not a accident)

    https://hotcopper.com.au/data/attachments/5604/5604726-b6fb41dd491421bd9b2538caefff91e5.jpg
    The growth rate over the last 6 months if annualized gives a Annual growth rate of 90% with the R2 being 0.67.

    looking at the share price graph for last 3 months also demonstrates a positive result.

    https://hotcopper.com.au/data/attachments/5604/5604743-0fcb52888bca9e5bfc4c84de25002151.jpg

    This time R2 is higher indicating a fairly significant correlation,
    If the last 3 months growth was modeled as exponential growth and annualized it would give a annualized growth rate of 259%, but i would caution here as the we are extrapolating only 3 months here.

    Similar for 1 month
    https://hotcopper.com.au/data/attachments/5604/5604748-7d02cb45e19ba75eba288287f1983c74.jpg
    Caution: it Is very dangerous to extrapolate only one months growth to one year, but still growth.

    https://www.biznews.com/undictated/2021/12/01/warren-buffett-compounding-wonder

    Caveat:
    These are my amateurish graph and best fit of exponential growth curves to NTD Share price along with coefficient of correlation.



 
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