Agiliti Inc (AGTI)
Agiliti, Inc. provides healthcare technology management and service solutions to the healthcare industry in the United States. The company is headquartered in Minneapolis, Minnesota.
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 13.21% per annum.
- AGTI price at the close of May 6, 2024 was $10.05 and was lower than the bottom border of the primary price channel by $2.01 (16.69%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 185.17% per annum.
- AGTI price at the close of May 6, 2024 was inside the secondary price channel.
- 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 AGTI 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: May 25, 2021
End date: August 8, 2023
a = 3.3617
b = -0.0004
s = 0.0871
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0871) – 1
= 41.69%
May 25, 2021 calculations
Top border of price channel:
Exp(Y246)
= Exp(a + b × X246 + 2 × s)
= Exp(a + b × 719 + 2 × s)
= Exp(3.3617 + -0.0004 × 719 + 2 × 0.0871)
= Exp(3.2567)
= $25.96
Bottom border of price channel:
Exp(Y246)
= Exp(a + b × X246 – 2 × s)
= Exp(a + b × 719 – 2 × s)
= Exp(3.3617 + -0.0004 × 719 – 2 × 0.0871)
= Exp(2.9083)
= $18.33
August 8, 2023 calculations
Top border of price channel:
Exp(Y800)
= Exp(a + b × X800 + 2 × s)
= Exp(a + b × 1,524 + 2 × s)
= Exp(3.3617 + -0.0004 × 1,524 + 2 × 0.0871)
= Exp(2.9442)
= $19.00
Bottom border of price channel:
Exp(Y800)
= Exp(a + b × X800 – 2 × s)
= Exp(a + b × 1,524 – 2 × s)
= Exp(3.3617 + -0.0004 × 1,524 – 2 × 0.0871)
= Exp(2.5958)
= $13.41
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.21% per annum.
- AGTI price at the close of May 6, 2024 was $10.05 and was lower than the bottom border of the primary price channel by $2.01 (16.69%).
Secondary Trend
Start date: September 29, 2023
End date: May 6, 2024
a = -2.7843
b = 0.0029
s = 0.1030
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 185.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1030) – 1
= 50.98%
September 29, 2023 calculations
Top border of price channel:
Exp(Y837)
= Exp(a + b × X837 + 2 × s)
= Exp(a + b × 1,576 + 2 × s)
= Exp(-2.7843 + 0.0029 × 1,576 + 2 × 0.1030)
= Exp(1.9465)
= $7.00
Bottom border of price channel:
Exp(Y837)
= Exp(a + b × X837 – 2 × s)
= Exp(a + b × 1,576 – 2 × s)
= Exp(-2.7843 + 0.0029 × 1,576 – 2 × 0.1030)
= Exp(1.5345)
= $4.64
May 6, 2024 calculations
Top border of price channel:
Exp(Y987)
= Exp(a + b × X987 + 2 × s)
= Exp(a + b × 1,796 + 2 × s)
= Exp(-2.7843 + 0.0029 × 1,796 + 2 × 0.1030)
= Exp(2.5781)
= $13.17
Bottom border of price channel:
Exp(Y987)
= Exp(a + b × X987 – 2 × s)
= Exp(a + b × 1,796 – 2 × s)
= Exp(-2.7843 + 0.0029 × 1,796 – 2 × 0.1030)
= Exp(2.1661)
= $8.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 185.17% per annum.
- AGTI price at the close of May 6, 2024 was inside the secondary price channel.