Evergy, Inc. (EVRG)
Evergy is an American investor-owned utility (IOU) with publicly traded stock that has its headquarters in Topeka, Kansas, and in Kansas City, Missouri.
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 36.29% per annum.
- EVRG price at the close of May 7, 2025 was $69.64 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.01% per annum.
- EVRG price at the close of May 7, 2025 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 EVRG 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: January 18, 2024
End date: May 7, 2025
a = 2.6990
b = 0.0008
s = 0.0267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 36.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0267) – 1
= 11.27%
January 18, 2024 calculations
Top border of price channel:
Exp(Y929)
= Exp(a + b × X929 + 2 × s)
= Exp(a + b × 1,350 + 2 × s)
= Exp(2.6990 + 0.0008 × 1,350 + 2 × 0.0267)
= Exp(3.8976)
= $49.28
Bottom border of price channel:
Exp(Y929)
= Exp(a + b × X929 – 2 × s)
= Exp(a + b × 1,350 – 2 × s)
= Exp(2.6990 + 0.0008 × 1,350 – 2 × 0.0267)
= Exp(3.7908)
= $44.29
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.6990 + 0.0008 × 1,825 + 2 × 0.0267)
= Exp(4.3005)
= $73.74
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.6990 + 0.0008 × 1,825 – 2 × 0.0267)
= Exp(4.1937)
= $66.27
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.29% per annum.
- EVRG price at the close of May 7, 2025 was $69.64 and was inside the primary price channel.
Secondary Trend
Start date: July 31, 2024
End date: May 7, 2025
a = 2.9944
b = 0.0007
s = 0.0231
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 28.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0231) – 1
= 9.69%
July 31, 2024 calculations
Top border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 + 2 × s)
= Exp(a + b × 1,545 + 2 × s)
= Exp(2.9944 + 0.0007 × 1,545 + 2 × 0.0231)
= Exp(4.0859)
= $59.49
Bottom border of price channel:
Exp(Y1,063)
= Exp(a + b × X1,063 – 2 × s)
= Exp(a + b × 1,545 – 2 × s)
= Exp(2.9944 + 0.0007 × 1,545 – 2 × 0.0231)
= Exp(3.9934)
= $54.24
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.9944 + 0.0007 × 1,825 + 2 × 0.0231)
= Exp(4.2753)
= $71.90
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.9944 + 0.0007 × 1,825 – 2 × 0.0231)
= Exp(4.1828)
= $65.55
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.01% per annum.
- EVRG price at the close of May 7, 2025 was inside the secondary price channel.