Cross Country Healthcare Inc (CCRN)
Cross Country Healthcare, Inc. provides talent management and other consulting services for healthcare clients in the United States. The company is headquartered in Boca Raton, Florida.
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 29.99% per annum.
- CCRN price at the close of May 14, 2024 was $15.10 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.07% per annum.
- CCRN price at the close of May 14, 2024 was inside the secondary price channel.
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 CCRN 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: September 14, 2022
End date: May 14, 2024
a = 4.6703
b = -0.0010
s = 0.0955
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0955) – 1
= 46.51%
September 14, 2022 calculations
Top border of price channel:
Exp(Y840)
= Exp(a + b × X840 + 2 × s)
= Exp(a + b × 1,218 + 2 × s)
= Exp(4.6703 + -0.0010 × 1,218 + 2 × 0.0955)
= Exp(3.6715)
= $39.31
Bottom border of price channel:
Exp(Y840)
= Exp(a + b × X840 – 2 × s)
= Exp(a + b × 1,218 – 2 × s)
= Exp(4.6703 + -0.0010 × 1,218 – 2 × 0.0955)
= Exp(3.2896)
= $26.83
May 14, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.6703 + -0.0010 × 1,826 + 2 × 0.0955)
= Exp(3.0776)
= $21.71
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.6703 + -0.0010 × 1,826 – 2 × 0.0955)
= Exp(2.6957)
= $14.82
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.99% per annum.
- CCRN price at the close of May 14, 2024 was $15.10 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2023
End date: May 14, 2024
a = 7.3641
b = -0.0025
s = 0.0497
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -60.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0497) – 1
= 22.01%
December 19, 2023 calculations
Top border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(7.3641 + -0.0025 × 1,679 + 2 × 0.0497)
= Exp(3.2403)
= $25.54
Bottom border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(7.3641 + -0.0025 × 1,679 – 2 × 0.0497)
= Exp(3.0414)
= $20.93
May 14, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(7.3641 + -0.0025 × 1,826 + 2 × 0.0497)
= Exp(2.8705)
= $17.65
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.3641 + -0.0025 × 1,826 – 2 × 0.0497)
= Exp(2.6716)
= $14.46
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.07% per annum.
- CCRN price at the close of May 14, 2024 was inside the secondary price channel.