# Chemed Corp (CHE)

Chemed Corporation provides hospice and hospice services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers across the United States. The company is headquartered in Cincinnati, Ohio.

## 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 48.48% per annum.
- CHE price at the close of July 23, 2024 was $541.31 and was higher than the top border of the primary price channel by $13.24 (2.51%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.02% per annum.
- CHE price at the close of July 23, 2024 was inside the secondary price channel.

### Linear Regression Model

Model equation:

Y_{i} = α + β × X_{i} + ε_{i}

Top border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} + 2 × s)

Bottom border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} – 2 × s)

where:

i - observation number

Y_{i} - natural logarithm of CHE price

X_{i} - time index, 1 day interval

σ - standard deviation of ε_{i}

a - estimator of α

b - estimator of β

s - estimator of σ

Exp() - calculates the exponent of e

### Primary Trend

Start date: March 4, 2024

End date: July 10, 2024

a = 9.5446

b = -0.0018

s = 0.0215

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0018) – 1

= -48.48%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0215) – 1

= 8.97%

#### March 4, 2024 calculations

Top border of price channel:

Exp(Y_{1,160})

= Exp(a + b × X_{1,160} + 2 × s)

= Exp(a + b × 1,685 + 2 × s)

= Exp(9.5446 + -0.0018 × 1,685 + 2 × 0.0215)

= Exp(6.5255)

= $682.29

Bottom border of price channel:

Exp(Y_{1,160})

= Exp(a + b × X_{1,160} – 2 × s)

= Exp(a + b × 1,685 – 2 × s)

= Exp(9.5446 + -0.0018 × 1,685 – 2 × 0.0215)

= Exp(6.4396)

= $626.15

#### July 10, 2024 calculations

Top border of price channel:

Exp(Y_{1,248})

= Exp(a + b × X_{1,248} + 2 × s)

= Exp(a + b × 1,813 + 2 × s)

= Exp(9.5446 + -0.0018 × 1,813 + 2 × 0.0215)

= Exp(6.2928)

= $540.69

Bottom border of price channel:

Exp(Y_{1,248})

= Exp(a + b × X_{1,248} – 2 × s)

= Exp(a + b × 1,813 – 2 × s)

= Exp(9.5446 + -0.0018 × 1,813 – 2 × 0.0215)

= Exp(6.2070)

= $496.20

#### Description

- The primary trend is decreasing.
- The decline rate of the primary trend is 48.48% per annum.
- CHE price at the close of July 23, 2024 was $541.31 and was higher than the top border of the primary price channel by $13.24 (2.51%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date: May 28, 2024

End date: July 23, 2024

a = 6.7054

b = -0.0002

s = 0.0099

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0002) – 1

= -8.02%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0099) – 1

= 4.05%

#### May 28, 2024 calculations

Top border of price channel:

Exp(Y_{1,219})

= Exp(a + b × X_{1,219} + 2 × s)

= Exp(a + b × 1,770 + 2 × s)

= Exp(6.7054 + -0.0002 × 1,770 + 2 × 0.0099)

= Exp(6.3198)

= $555.43

Bottom border of price channel:

Exp(Y_{1,219})

= Exp(a + b × X_{1,219} – 2 × s)

= Exp(a + b × 1,770 – 2 × s)

= Exp(6.7054 + -0.0002 × 1,770 – 2 × 0.0099)

= Exp(6.2800)

= $533.80

#### July 23, 2024 calculations

Top border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} + 2 × s)

= Exp(a + b × 1,826 + 2 × s)

= Exp(6.7054 + -0.0002 × 1,826 + 2 × 0.0099)

= Exp(6.3069)

= $548.35

Bottom border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} – 2 × s)

= Exp(a + b × 1,826 – 2 × s)

= Exp(6.7054 + -0.0002 × 1,826 – 2 × 0.0099)

= Exp(6.2672)

= $526.99

#### Description

- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.02% per annum.
- CHE price at the close of July 23, 2024 was inside the secondary price channel.