Halozyme Therapeutics Inc (HALO)
Halozyme Therapeutics, Inc. is a biopharmaceutical technology platform company in the United States, Switzerland, Ireland, Belgium, Japan, and internationally. The company is headquartered in San Diego, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.87% per annum.
- HALO price at the close of May 10, 2024 was $43.15 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.13% per annum.
- HALO price at the close of May 10, 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 HALO 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 6, 2020
End date: May 10, 2024
a = 3.8106
b = -0.0001
s = 0.1305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1305) – 1
= 68.55%
November 6, 2020 calculations
Top border of price channel:
Exp(Y377)
= Exp(a + b × X377 + 2 × s)
= Exp(a + b × 543 + 2 × s)
= Exp(3.8106 + -0.0001 × 543 + 2 × 0.1305)
= Exp(4.0283)
= $56.16
Bottom border of price channel:
Exp(Y377)
= Exp(a + b × X377 – 2 × s)
= Exp(a + b × 543 – 2 × s)
= Exp(3.8106 + -0.0001 × 543 – 2 × 0.1305)
= Exp(3.5062)
= $33.32
May 10, 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(3.8106 + -0.0001 × 1,824 + 2 × 0.1305)
= Exp(3.9261)
= $50.71
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.8106 + -0.0001 × 1,824 – 2 × 0.1305)
= Exp(3.4040)
= $30.08
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.87% per annum.
- HALO price at the close of May 10, 2024 was $43.15 and was inside the primary price channel.
Secondary Trend
Start date: May 24, 2022
End date: May 10, 2024
a = 4.2886
b = -0.0004
s = 0.1295
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1295) – 1
= 67.88%
May 24, 2022 calculations
Top border of price channel:
Exp(Y765)
= Exp(a + b × X765 + 2 × s)
= Exp(a + b × 1,107 + 2 × s)
= Exp(4.2886 + -0.0004 × 1,107 + 2 × 0.1295)
= Exp(4.1207)
= $61.60
Bottom border of price channel:
Exp(Y765)
= Exp(a + b × X765 – 2 × s)
= Exp(a + b × 1,107 – 2 × s)
= Exp(4.2886 + -0.0004 × 1,107 – 2 × 0.1295)
= Exp(3.6026)
= $36.69
May 10, 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(4.2886 + -0.0004 × 1,824 + 2 × 0.1295)
= Exp(3.8442)
= $46.72
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.2886 + -0.0004 × 1,824 – 2 × 0.1295)
= Exp(3.3261)
= $27.83
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.13% per annum.
- HALO price at the close of May 10, 2024 was inside the secondary price channel.