Cencora Inc. (COR)
CoreSite Realty Corporation (NYSE: COR) delivers secure, reliable, high-performance data center, cloud access and interconnect solutions to a growing client ecosystem in eight key North American markets.
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 46.26% per annum.
- COR price at the close of May 17, 2024 was $222.12 and was lower than the bottom border of the primary price channel by $3.83 (1.70%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 44.99% per annum.
- COR price at the close of May 17, 2024 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 COR 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: February 2, 2023
End date: April 30, 2024
a = 3.6013
b = 0.0010
s = 0.0406
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 46.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0406) – 1
= 17.62%
February 2, 2023 calculations
Top border of price channel:
Exp(Y934)
= Exp(a + b × X934 + 2 × s)
= Exp(a + b × 1,354 + 2 × s)
= Exp(3.6013 + 0.0010 × 1,354 + 2 × 0.0406)
= Exp(5.0930)
= $162.87
Bottom border of price channel:
Exp(Y934)
= Exp(a + b × X934 – 2 × s)
= Exp(a + b × 1,354 – 2 × s)
= Exp(3.6013 + 0.0010 × 1,354 – 2 × 0.0406)
= Exp(4.9307)
= $138.47
April 30, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(3.6013 + 0.0010 × 1,807 + 2 × 0.0406)
= Exp(5.5649)
= $261.10
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(3.6013 + 0.0010 × 1,807 – 2 × 0.0406)
= Exp(5.4026)
= $221.99
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.26% per annum.
- COR price at the close of May 17, 2024 was $222.12 and was lower than the bottom border of the primary price channel by $3.83 (1.70%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 19, 2024
End date: May 17, 2024
a = 8.3974
b = -0.0016
s = 0.0169
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -44.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0169) – 1
= 6.98%
March 19, 2024 calculations
Top border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(8.3974 + -0.0016 × 1,765 + 2 × 0.0169)
= Exp(5.5414)
= $255.02
Bottom border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(8.3974 + -0.0016 × 1,765 – 2 × 0.0169)
= Exp(5.4739)
= $238.39
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(8.3974 + -0.0016 × 1,824 + 2 × 0.0169)
= Exp(5.4448)
= $231.54
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(8.3974 + -0.0016 × 1,824 – 2 × 0.0169)
= Exp(5.3773)
= $216.44
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 44.99% per annum.
- COR price at the close of May 17, 2024 was inside the secondary price channel.