HF Sinclair Corp (DINO)
HF Sinclair Corporation is an independent energy company. The company is headquartered in Dallas, 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 29.59% per annum.
- DINO price at the close of May 8, 2024 was $56.95 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.54% per annum.
- DINO price at the close of May 8, 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 DINO 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: March 9, 2020
End date: April 29, 2024
a = 2.8588
b = 0.0007
s = 0.1488
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1488) – 1
= 81.31%
March 9, 2020 calculations
Top border of price channel:
Exp(Y209)
= Exp(a + b × X209 + 2 × s)
= Exp(a + b × 305 + 2 × s)
= Exp(2.8588 + 0.0007 × 305 + 2 × 0.1488)
= Exp(3.3729)
= $29.16
Bottom border of price channel:
Exp(Y209)
= Exp(a + b × X209 – 2 × s)
= Exp(a + b × 305 – 2 × s)
= Exp(2.8588 + 0.0007 × 305 – 2 × 0.1488)
= Exp(2.7779)
= $16.09
April 29, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,817 + 2 × s)
= Exp(2.8588 + 0.0007 × 1,817 + 2 × 0.1488)
= Exp(4.4467)
= $85.35
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,817 – 2 × s)
= Exp(2.8588 + 0.0007 × 1,817 – 2 × 0.1488)
= Exp(3.8517)
= $47.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.59% per annum.
- DINO price at the close of May 8, 2024 was $56.95 and was inside the primary price channel.
Secondary Trend
Start date: May 11, 2022
End date: May 8, 2024
a = 3.5254
b = 0.0003
s = 0.1057
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1057) – 1
= 52.61%
May 11, 2022 calculations
Top border of price channel:
Exp(Y758)
= Exp(a + b × X758 + 2 × s)
= Exp(a + b × 1,098 + 2 × s)
= Exp(3.5254 + 0.0003 × 1,098 + 2 × 0.1057)
= Exp(4.0383)
= $56.73
Bottom border of price channel:
Exp(Y758)
= Exp(a + b × X758 – 2 × s)
= Exp(a + b × 1,098 – 2 × s)
= Exp(3.5254 + 0.0003 × 1,098 – 2 × 0.1057)
= Exp(3.6155)
= $37.17
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.5254 + 0.0003 × 1,826 + 2 × 0.1057)
= Exp(4.2382)
= $69.28
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.5254 + 0.0003 × 1,826 – 2 × 0.1057)
= Exp(3.8154)
= $45.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.54% per annum.
- DINO price at the close of May 8, 2024 was inside the secondary price channel.