Enhabit, Inc. (EHAB)
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 820.46% per annum.
- EHAB price at the close of December 8, 2023 was $11.08 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 354.20% per annum.
- EHAB price at the close of December 8, 2023 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 EHAB 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: November 9, 2023
End date: December 8, 2023
a = -0.8319
b = 0.0061
s = 0.0164
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0061) – 1
= 820.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0164) – 1
= 6.77%
November 9, 2023 calculations
Top border of price channel:
Exp(Y348)
= Exp(a + b × X348 + 2 × s)
= Exp(a + b × 504 + 2 × s)
= Exp(-0.8319 + 0.0061 × 504 + 2 × 0.0164)
= Exp(2.2659)
= $9.64
Bottom border of price channel:
Exp(Y348)
= Exp(a + b × X348 – 2 × s)
= Exp(a + b × 504 – 2 × s)
= Exp(-0.8319 + 0.0061 × 504 – 2 × 0.0164)
= Exp(2.2003)
= $9.03
December 8, 2023 calculations
Top border of price channel:
Exp(Y368)
= Exp(a + b × X368 + 2 × s)
= Exp(a + b × 533 + 2 × s)
= Exp(-0.8319 + 0.0061 × 533 + 2 × 0.0164)
= Exp(2.4422)
= $11.50
Bottom border of price channel:
Exp(Y368)
= Exp(a + b × X368 – 2 × s)
= Exp(a + b × 533 – 2 × s)
= Exp(-0.8319 + 0.0061 × 533 – 2 × 0.0164)
= Exp(2.3767)
= $10.77
Secondary Trend
Start date: November 24, 2023
End date: December 8, 2023
a = 0.1898
b = 0.0041
s = 0.0146
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0041) – 1
= 354.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0146) – 1
= 6.00%
November 24, 2023 calculations
Top border of price channel:
Exp(Y358)
= Exp(a + b × X358 + 2 × s)
= Exp(a + b × 519 + 2 × s)
= Exp(0.1898 + 0.0041 × 519 + 2 × 0.0146)
= Exp(2.3708)
= $10.71
Bottom border of price channel:
Exp(Y358)
= Exp(a + b × X358 – 2 × s)
= Exp(a + b × 519 – 2 × s)
= Exp(0.1898 + 0.0041 × 519 – 2 × 0.0146)
= Exp(2.3126)
= $10.10
December 8, 2023 calculations
Top border of price channel:
Exp(Y368)
= Exp(a + b × X368 + 2 × s)
= Exp(a + b × 533 + 2 × s)
= Exp(0.1898 + 0.0041 × 533 + 2 × 0.0146)
= Exp(2.4288)
= $11.35
Bottom border of price channel:
Exp(Y368)
= Exp(a + b × X368 – 2 × s)
= Exp(a + b × 533 – 2 × s)
= Exp(0.1898 + 0.0041 × 533 – 2 × 0.0146)
= Exp(2.3706)
= $10.70