Haemonetics Corporation (HAE)
Haemonetics Corporation, a healthcare company, offers medical products and solutions. The company is headquartered in Boston, Massachusetts.
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 18.12% per annum.
- HAE price at the close of May 17, 2024 was $95.73 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 223.63% per annum.
- HAE price at the close of May 17, 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 HAE 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: May 4, 2021
End date: May 17, 2024
a = 3.7025
b = 0.0005
s = 0.1101
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1101) – 1
= 55.31%
May 4, 2021 calculations
Top border of price channel:
Exp(Y493)
= Exp(a + b × X493 + 2 × s)
= Exp(a + b × 715 + 2 × s)
= Exp(3.7025 + 0.0005 × 715 + 2 × 0.1101)
= Exp(4.2488)
= $70.02
Bottom border of price channel:
Exp(Y493)
= Exp(a + b × X493 – 2 × s)
= Exp(a + b × 715 – 2 × s)
= Exp(3.7025 + 0.0005 × 715 – 2 × 0.1101)
= Exp(3.8085)
= $45.08
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.7025 + 0.0005 × 1,824 + 2 × 0.1101)
= Exp(4.7547)
= $116.12
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.7025 + 0.0005 × 1,824 – 2 × 0.1101)
= Exp(4.3144)
= $74.77
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 18.12% per annum.
- HAE price at the close of May 17, 2024 was $95.73 and was inside the primary price channel.
Secondary Trend
Start date: February 13, 2024
End date: May 17, 2024
a = -1.3051
b = 0.0032
s = 0.0240
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0032) – 1
= 223.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0240) – 1
= 10.07%
February 13, 2024 calculations
Top border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 + 2 × s)
= Exp(a + b × 1,730 + 2 × s)
= Exp(-1.3051 + 0.0032 × 1,730 + 2 × 0.0240)
= Exp(4.3094)
= $74.40
Bottom border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 – 2 × s)
= Exp(a + b × 1,730 – 2 × s)
= Exp(-1.3051 + 0.0032 × 1,730 – 2 × 0.0240)
= Exp(4.2135)
= $67.59
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-1.3051 + 0.0032 × 1,824 + 2 × 0.0240)
= Exp(4.6119)
= $100.67
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.3051 + 0.0032 × 1,824 – 2 × 0.0240)
= Exp(4.5159)
= $91.46
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 223.63% per annum.
- HAE price at the close of May 17, 2024 was inside the secondary price channel.