# Enhabit Inc. (EHAB)

Enhabit, Inc. provides home health and hospice services in the United States.

## 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 448.04% per annum.
• EHAB price at the close of August 13, 2024 was \$8.81 and was lower than the bottom border of the primary price channel by \$19.92 (69.34%). This indicates a possible reversal in the primary trend direction.
• The secondary trend is decreasing.
• The decline rate of the secondary trend is 16.99% per annum.
• EHAB price at the close of August 13, 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 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: October 3, 2023
End date: December 28, 2023

a = -0.1047

b = 0.0047

s = 0.0724

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0047) – 1
= 448.04%

Exp(4 × s) – 1
= Exp(4 × 0.0724) – 1
= 33.58%

#### October 3, 2023 calculations

Top border of price channel:

Exp(Y315)
= Exp(a + b × X315 + 2 × s)
= Exp(a + b × 459 + 2 × s)
= Exp(-0.1047 + 0.0047 × 459 + 2 × 0.0724)
= Exp(2.1793)
= \$8.84

Bottom border of price channel:

Exp(Y315)
= Exp(a + b × X315 – 2 × s)
= Exp(a + b × 459 – 2 × s)
= Exp(-0.1047 + 0.0047 × 459 – 2 × 0.0724)
= Exp(1.8898)
= \$6.62

#### December 28, 2023 calculations

Top border of price channel:

Exp(Y375)
= Exp(a + b × X375 + 2 × s)
= Exp(a + b × 545 + 2 × s)
= Exp(-0.1047 + 0.0047 × 545 + 2 × 0.0724)
= Exp(2.5802)
= \$13.20

Bottom border of price channel:

Exp(Y375)
= Exp(a + b × X375 – 2 × s)
= Exp(a + b × 545 – 2 × s)
= Exp(-0.1047 + 0.0047 × 545 – 2 × 0.0724)
= Exp(2.2906)
= \$9.88

#### Description

• The primary trend is increasing.
• The growth rate of the primary trend is 448.04% per annum.
• EHAB price at the close of August 13, 2024 was \$8.81 and was lower than the bottom border of the primary price channel by \$19.92 (69.34%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date: November 8, 2023
End date: August 13, 2024

a = 2.6059

b = -0.0005

s = 0.0787

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.99%

Exp(4 × s) – 1
= Exp(4 × 0.0787) – 1
= 37.01%

#### November 8, 2023 calculations

Top border of price channel:

Exp(Y341)
= Exp(a + b × X341 + 2 × s)
= Exp(a + b × 495 + 2 × s)
= Exp(2.6059 + -0.0005 × 495 + 2 × 0.0787)
= Exp(2.5108)
= \$12.31

Bottom border of price channel:

Exp(Y341)
= Exp(a + b × X341 – 2 × s)
= Exp(a + b × 495 – 2 × s)
= Exp(2.6059 + -0.0005 × 495 – 2 × 0.0787)
= Exp(2.1959)
= \$8.99

#### August 13, 2024 calculations

Top border of price channel:

Exp(Y531)
= Exp(a + b × X531 + 2 × s)
= Exp(a + b × 774 + 2 × s)
= Exp(2.6059 + -0.0005 × 774 + 2 × 0.0787)
= Exp(2.3684)
= \$10.68

Bottom border of price channel:

Exp(Y531)
= Exp(a + b × X531 – 2 × s)
= Exp(a + b × 774 – 2 × s)
= Exp(2.6059 + -0.0005 × 774 – 2 × 0.0787)
= Exp(2.0536)
= \$7.80

#### Description

• The secondary trend is decreasing.
• The decline rate of the secondary trend is 16.99% per annum.
• EHAB price at the close of August 13, 2024 was inside the secondary price channel.