# 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:
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 CHE 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: 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%

Exp(4 × s) – 1
= Exp(4 × 0.0215) – 1
= 8.97%

#### March 4, 2024 calculations

Top border of price channel:

Exp(Y1,160)
= Exp(a + b × X1,160 + 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(Y1,160)
= Exp(a + b × X1,160 – 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(Y1,248)
= Exp(a + b × X1,248 + 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(Y1,248)
= Exp(a + b × X1,248 – 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%

Exp(4 × s) – 1
= Exp(4 × 0.0099) – 1
= 4.05%

#### May 28, 2024 calculations

Top border of price channel:

Exp(Y1,219)
= Exp(a + b × X1,219 + 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(Y1,219)
= Exp(a + b × X1,219 – 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(Y1,257)
= Exp(a + b × X1,257 + 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(Y1,257)
= Exp(a + b × X1,257 – 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.