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 17.12% per annum.
- HAE price at the close of July 25, 2024 was $90.60 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.91% per annum.
- HAE price at the close of July 25, 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: July 25, 2024
a = 3.7569
b = 0.0004
s = 0.1087
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1087) – 1
= 54.48%
May 4, 2021 calculations
Top border of price channel:
Exp(Y446)
= Exp(a + b × X446 + 2 × s)
= Exp(a + b × 648 + 2 × s)
= Exp(3.7569 + 0.0004 × 648 + 2 × 0.1087)
= Exp(4.2549)
= $70.45
Bottom border of price channel:
Exp(Y446)
= Exp(a + b × X446 – 2 × s)
= Exp(a + b × 648 – 2 × s)
= Exp(3.7569 + 0.0004 × 648 – 2 × 0.1087)
= Exp(3.8200)
= $45.60
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.7569 + 0.0004 × 1,826 + 2 × 0.1087)
= Exp(4.7649)
= $117.32
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7569 + 0.0004 × 1,826 – 2 × 0.1087)
= Exp(4.3300)
= $75.94
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 17.12% per annum.
- HAE price at the close of July 25, 2024 was $90.60 and was inside the primary price channel.
Secondary Trend
Start date: October 17, 2022
End date: July 25, 2024
a = 4.3152
b = 0.0001
s = 0.0588
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0588) – 1
= 26.53%
October 17, 2022 calculations
Top border of price channel:
Exp(Y813)
= Exp(a + b × X813 + 2 × s)
= Exp(a + b × 1,179 + 2 × s)
= Exp(4.3152 + 0.0001 × 1,179 + 2 × 0.0588)
= Exp(4.5256)
= $92.36
Bottom border of price channel:
Exp(Y813)
= Exp(a + b × X813 – 2 × s)
= Exp(a + b × 1,179 – 2 × s)
= Exp(4.3152 + 0.0001 × 1,179 – 2 × 0.0588)
= Exp(4.2903)
= $72.99
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.3152 + 0.0001 × 1,826 + 2 × 0.0588)
= Exp(4.5766)
= $97.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.3152 + 0.0001 × 1,826 – 2 × 0.0588)
= Exp(4.3412)
= $76.80
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.91% per annum.
- HAE price at the close of July 25, 2024 was inside the secondary price channel.