# CoreCivic Inc (CXW)

CoreCivic, Inc. owns and operates partnership correctional, detention and residential reentry facilities in the United States. The company is headquartered in Brentwood, Tennessee.

## 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 16.34% per annum.
• CXW price at the close of July 19, 2024 was \$14.44 and was inside the primary price channel.
• The secondary trend is increasing.
• The growth rate of the secondary trend is 59.67% per annum.
• CXW price at the close of July 19, 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 CXW 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 18, 2020
End date: July 19, 2024

a = 1.8687

b = 0.0004

s = 0.1413

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.34%

Exp(4 × s) – 1
= Exp(4 × 0.1413) – 1
= 75.97%

#### September 18, 2020 calculations

Top border of price channel:

Exp(Y294)
= Exp(a + b × X294 + 2 × s)
= Exp(a + b × 424 + 2 × s)
= Exp(1.8687 + 0.0004 × 424 + 2 × 0.1413)
= Exp(2.3271)
= \$10.25

Bottom border of price channel:

Exp(Y294)
= Exp(a + b × X294 – 2 × s)
= Exp(a + b × 424 – 2 × s)
= Exp(1.8687 + 0.0004 × 424 – 2 × 0.1413)
= Exp(1.7620)
= \$5.82

#### July 19, 2024 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.8687 + 0.0004 × 1,824 + 2 × 0.1413)
= Exp(2.9076)
= \$18.31

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.8687 + 0.0004 × 1,824 – 2 × 0.1413)
= Exp(2.3425)
= \$10.41

#### Description

• The primary trend is increasing.
• The growth rate of the primary trend is 16.34% per annum.
• CXW price at the close of July 19, 2024 was \$14.44 and was inside the primary price channel.

### Secondary Trend

Start date: March 9, 2023
End date: July 19, 2024

a = 0.4611

b = 0.0013

s = 0.1023

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.67%

Exp(4 × s) – 1
= Exp(4 × 0.1023) – 1
= 50.55%

#### March 9, 2023 calculations

Top border of price channel:

Exp(Y915)
= Exp(a + b × X915 + 2 × s)
= Exp(a + b × 1,326 + 2 × s)
= Exp(0.4611 + 0.0013 × 1,326 + 2 × 0.1023)
= Exp(2.3657)
= \$10.65

Bottom border of price channel:

Exp(Y915)
= Exp(a + b × X915 – 2 × s)
= Exp(a + b × 1,326 – 2 × s)
= Exp(0.4611 + 0.0013 × 1,326 – 2 × 0.1023)
= Exp(1.9566)
= \$7.08

#### July 19, 2024 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.4611 + 0.0013 × 1,824 + 2 × 0.1023)
= Exp(3.0042)
= \$20.17

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.4611 + 0.0013 × 1,824 – 2 × 0.1023)
= Exp(2.5951)
= \$13.40

#### Description

• The secondary trend is increasing.
• The growth rate of the secondary trend is 59.67% per annum.
• CXW price at the close of July 19, 2024 was inside the secondary price channel.