Apollo Medical Holdings, Inc. (AMEH)
apollo medical holdings, inc., a physician-centric technology-powered healthcare management company, provides medical care services. the company, leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver quality care to its patients. it offers care coordination services to patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans. the company's physician network consists of primary care physicians, specialist physicians, and hospitalists. it caters to patients, primarily covered by private or public insurance, such as medicare, medicaid, and health maintenance organization plans; and non-insured patients in california. apollo medical holdings, inc. was founded in 1994 and is headquartered in alhambra, california.
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 34.26% per annum.
- AMEH price at the close of April 4, 2024 was $41.37 and was higher than the top border of the primary price channel by $6.48 (18.57%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.25% per annum.
- AMEH price at the close of April 4, 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 AMEH 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: June 16, 2021
End date: December 12, 2023
a = 5.1840
b = -0.0011
s = 0.2076
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -34.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2076) – 1
= 129.40%
June 16, 2021 calculations
Top border of price channel:
Exp(Y523)
= Exp(a + b × X523 + 2 × s)
= Exp(a + b × 758 + 2 × s)
= Exp(5.1840 + -0.0011 × 758 + 2 × 0.2076)
= Exp(4.7279)
= $113.06
Bottom border of price channel:
Exp(Y523)
= Exp(a + b × X523 – 2 × s)
= Exp(a + b × 758 – 2 × s)
= Exp(5.1840 + -0.0011 × 758 – 2 × 0.2076)
= Exp(3.8976)
= $49.29
December 12, 2023 calculations
Top border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,667 + 2 × s)
= Exp(5.1840 + -0.0011 × 1,667 + 2 × 0.2076)
= Exp(3.6832)
= $39.77
Bottom border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,667 – 2 × s)
= Exp(5.1840 + -0.0011 × 1,667 – 2 × 0.2076)
= Exp(2.8529)
= $17.34
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.26% per annum.
- AMEH price at the close of April 4, 2024 was $41.37 and was higher than the top border of the primary price channel by $6.48 (18.57%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 7, 2022
End date: April 4, 2024
a = 3.1010
b = 0.0003
s = 0.0942
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0942) – 1
= 45.79%
October 7, 2022 calculations
Top border of price channel:
Exp(Y854)
= Exp(a + b × X854 + 2 × s)
= Exp(a + b × 1,236 + 2 × s)
= Exp(3.1010 + 0.0003 × 1,236 + 2 × 0.0942)
= Exp(3.6504)
= $38.49
Bottom border of price channel:
Exp(Y854)
= Exp(a + b × X854 – 2 × s)
= Exp(a + b × 1,236 – 2 × s)
= Exp(3.1010 + 0.0003 × 1,236 – 2 × 0.0942)
= Exp(3.2734)
= $26.40
April 4, 2024 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,781 + 2 × s)
= Exp(3.1010 + 0.0003 × 1,781 + 2 × 0.0942)
= Exp(3.8096)
= $45.13
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,781 – 2 × s)
= Exp(3.1010 + 0.0003 × 1,781 – 2 × 0.0942)
= Exp(3.4326)
= $30.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.25% per annum.
- AMEH price at the close of April 4, 2024 was inside the secondary price channel.