Concentrix Corporation (CNXC)
Concentrix Corporation offers global technology customer experience solutions. The company is headquartered in Fremont, 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 34.35% per annum.
- CNXC price at the close of April 29, 2025 was $51.46 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.37% per annum.
- CNXC price at the close of April 29, 2025 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 CNXC 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 29, 2021
End date: March 26, 2025
a = 5.6055
b = -0.0012
s = 0.1292
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1292) – 1
= 67.70%
September 29, 2021 calculations
Top border of price channel:
Exp(Y211)
= Exp(a + b × X211 + 2 × s)
= Exp(a + b × 309 + 2 × s)
= Exp(5.6055 + -0.0012 × 309 + 2 × 0.1292)
= Exp(5.5076)
= $246.56
Bottom border of price channel:
Exp(Y211)
= Exp(a + b × X211 – 2 × s)
= Exp(a + b × 309 – 2 × s)
= Exp(5.6055 + -0.0012 × 309 – 2 × 0.1292)
= Exp(4.9906)
= $147.03
March 26, 2025 calculations
Top border of price channel:
Exp(Y1,086)
= Exp(a + b × X1,086 + 2 × s)
= Exp(a + b × 1,583 + 2 × s)
= Exp(5.6055 + -0.0012 × 1,583 + 2 × 0.1292)
= Exp(4.0385)
= $56.74
Bottom border of price channel:
Exp(Y1,086)
= Exp(a + b × X1,086 – 2 × s)
= Exp(a + b × 1,583 – 2 × s)
= Exp(5.6055 + -0.0012 × 1,583 – 2 × 0.1292)
= Exp(3.5215)
= $33.84
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.35% per annum.
- CNXC price at the close of April 29, 2025 was $51.46 and was inside the primary price channel.
Secondary Trend
Start date: October 22, 2024
End date: April 29, 2025
a = 2.3455
b = 0.0010
s = 0.0705
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0705) – 1
= 32.59%
October 22, 2024 calculations
Top border of price channel:
Exp(Y981)
= Exp(a + b × X981 + 2 × s)
= Exp(a + b × 1,428 + 2 × s)
= Exp(2.3455 + 0.0010 × 1,428 + 2 × 0.0705)
= Exp(3.8687)
= $47.88
Bottom border of price channel:
Exp(Y981)
= Exp(a + b × X981 – 2 × s)
= Exp(a + b × 1,428 – 2 × s)
= Exp(2.3455 + 0.0010 × 1,428 – 2 × 0.0705)
= Exp(3.5866)
= $36.11
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 + 2 × s)
= Exp(a + b × 1,617 + 2 × s)
= Exp(2.3455 + 0.0010 × 1,617 + 2 × 0.0705)
= Exp(4.0516)
= $57.49
Bottom border of price channel:
Exp(Y1,109)
= Exp(a + b × X1,109 – 2 × s)
= Exp(a + b × 1,617 – 2 × s)
= Exp(2.3455 + 0.0010 × 1,617 – 2 × 0.0705)
= Exp(3.7696)
= $43.36
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.37% per annum.
- CNXC price at the close of April 29, 2025 was inside the secondary price channel.