The Cooper Companies, Inc. Common Stock (COO)
The Cooper Companies, Inc., branded as CooperCompanies, is a global medical device company headquartered in San Ramon, 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 43.24% per annum.
- COO price at the close of April 29, 2025 was $82.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 317.01% per annum.
- COO 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 COO 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 9, 2024
End date: April 29, 2025
a = 7.1989
b = -0.0016
s = 0.0385
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0385) – 1
= 16.65%
September 9, 2024 calculations
Top border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 + 2 × s)
= Exp(a + b × 1,593 + 2 × s)
= Exp(7.1989 + -0.0016 × 1,593 + 2 × 0.0385)
= Exp(4.8040)
= $121.99
Bottom border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 – 2 × s)
= Exp(a + b × 1,593 – 2 × s)
= Exp(7.1989 + -0.0016 × 1,593 – 2 × 0.0385)
= Exp(4.6499)
= $104.58
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.1989 + -0.0016 × 1,825 + 2 × 0.0385)
= Exp(4.4439)
= $85.11
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.1989 + -0.0016 × 1,825 – 2 × 0.0385)
= Exp(4.2899)
= $72.96
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 43.24% per annum.
- COO price at the close of April 29, 2025 was $82.23 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2025
End date: April 29, 2025
a = -2.7270
b = 0.0039
s = 0.0111
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0039) – 1
= 317.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0111) – 1
= 4.52%
April 10, 2025 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-2.7270 + 0.0039 × 1,806 + 2 × 0.0111)
= Exp(4.3604)
= $78.29
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-2.7270 + 0.0039 × 1,806 – 2 × 0.0111)
= Exp(4.3162)
= $74.90
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-2.7270 + 0.0039 × 1,825 + 2 × 0.0111)
= Exp(4.4348)
= $84.33
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-2.7270 + 0.0039 × 1,825 – 2 × 0.0111)
= Exp(4.3905)
= $80.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 317.01% per annum.
- COO price at the close of April 29, 2025 was inside the secondary price channel.