Cinemark Holdings Inc (CNK)
Cinemark Holdings, Inc., is in the motion picture business. The company is headquartered in Plano, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 74.29% per annum.
- CNK price at the close of May 10, 2024 was $17.18 and was lower than the bottom border of the primary price channel by $3.16 (15.52%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 17.90% per annum.
- CNK price at the close of May 10, 2024 was higher than the top border of the secondary price channel by $1.07 (6.67%). This indicates a possible reversal in the secondary trend direction.
- 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 CNK 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 19, 2022
End date: October 17, 2023
a = 0.4759
b = 0.0015
s = 0.1199
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1199) – 1
= 61.56%
September 19, 2022 calculations
Top border of price channel:
Exp(Y845)
= Exp(a + b × X845 + 2 × s)
= Exp(a + b × 1,225 + 2 × s)
= Exp(0.4759 + 0.0015 × 1,225 + 2 × 0.1199)
= Exp(2.5804)
= $13.20
Bottom border of price channel:
Exp(Y845)
= Exp(a + b × X845 – 2 × s)
= Exp(a + b × 1,225 – 2 × s)
= Exp(0.4759 + 0.0015 × 1,225 – 2 × 0.1199)
= Exp(2.1006)
= $8.17
October 17, 2023 calculations
Top border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 + 2 × s)
= Exp(a + b × 1,618 + 2 × s)
= Exp(0.4759 + 0.0015 × 1,618 + 2 × 0.1199)
= Exp(3.1785)
= $24.01
Bottom border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 – 2 × s)
= Exp(a + b × 1,618 – 2 × s)
= Exp(0.4759 + 0.0015 × 1,618 – 2 × 0.1199)
= Exp(2.6988)
= $14.86
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 74.29% per annum.
- CNK price at the close of May 10, 2024 was $17.18 and was lower than the bottom border of the primary price channel by $3.16 (15.52%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 31, 2023
End date: February 14, 2024
a = 3.6214
b = -0.0005
s = 0.0718
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -17.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0718) – 1
= 33.28%
March 31, 2023 calculations
Top border of price channel:
Exp(Y979)
= Exp(a + b × X979 + 2 × s)
= Exp(a + b × 1,418 + 2 × s)
= Exp(3.6214 + -0.0005 × 1,418 + 2 × 0.0718)
= Exp(2.9986)
= $20.06
Bottom border of price channel:
Exp(Y979)
= Exp(a + b × X979 – 2 × s)
= Exp(a + b × 1,418 – 2 × s)
= Exp(3.6214 + -0.0005 × 1,418 – 2 × 0.0718)
= Exp(2.7113)
= $15.05
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 + 2 × s)
= Exp(a + b × 1,738 + 2 × s)
= Exp(3.6214 + -0.0005 × 1,738 + 2 × 0.0718)
= Exp(2.8256)
= $16.87
Bottom border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 – 2 × s)
= Exp(a + b × 1,738 – 2 × s)
= Exp(3.6214 + -0.0005 × 1,738 – 2 × 0.0718)
= Exp(2.5383)
= $12.66
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 17.90% per annum.
- CNK price at the close of May 10, 2024 was higher than the top border of the secondary price channel by $1.07 (6.67%). This indicates a possible reversal in the secondary trend direction.