Stock Price Trends

Glaukos Corp (GKOS)

Glaukos Corporation, an ophthalmic medical technology and pharmaceutical company, is focused on developing new therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. The company is headquartered in San Clemente, California.

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 76.06% per annum.
  • GKOS price at the close of May 7, 2024 was $107.98 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 147.48% per annum.
  • GKOS price at the close of May 7, 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 GKOS 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 17, 2022
End date: May 7, 2024

a = 1.7712

b = 0.0015

s = 0.0990

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 76.06%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0990) – 1
= 48.61%

November 17, 2022 calculations

Top border of price channel:

Exp(Y891)
= Exp(a + b × X891 + 2 × s)
= Exp(a + b × 1,289 + 2 × s)
= Exp(1.7712 + 0.0015 × 1,289 + 2 × 0.0990)
= Exp(3.9670)
= $52.82

Bottom border of price channel:

Exp(Y891)
= Exp(a + b × X891 – 2 × s)
= Exp(a + b × 1,289 – 2 × s)
= Exp(1.7712 + 0.0015 × 1,289 – 2 × 0.0990)
= Exp(3.5708)
= $35.55

May 7, 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(1.7712 + 0.0015 × 1,826 + 2 × 0.0990)
= Exp(4.7992)
= $121.42

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7712 + 0.0015 × 1,826 – 2 × 0.0990)
= Exp(4.4031)
= $81.70

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 76.06% per annum.
  • GKOS price at the close of May 7, 2024 was $107.98 and was inside the primary price channel.

Secondary Trend

Start date: October 12, 2023
End date: May 7, 2024

a = 0.1269

b = 0.0025

s = 0.0795

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 147.48%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0795) – 1
= 37.45%

October 12, 2023 calculations

Top border of price channel:

Exp(Y1,116)
= Exp(a + b × X1,116 + 2 × s)
= Exp(a + b × 1,618 + 2 × s)
= Exp(0.1269 + 0.0025 × 1,618 + 2 × 0.0795)
= Exp(4.3029)
= $73.91

Bottom border of price channel:

Exp(Y1,116)
= Exp(a + b × X1,116 – 2 × s)
= Exp(a + b × 1,618 – 2 × s)
= Exp(0.1269 + 0.0025 × 1,618 – 2 × 0.0795)
= Exp(3.9848)
= $53.77

May 7, 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(0.1269 + 0.0025 × 1,826 + 2 × 0.0795)
= Exp(4.8192)
= $123.87

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.1269 + 0.0025 × 1,826 – 2 × 0.0795)
= Exp(4.5012)
= $90.12

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 147.48% per annum.
  • GKOS price at the close of May 7, 2024 was inside the secondary price channel.