Stock Price Trends

IQVIA Holdings Inc (IQV)

IQVIA, formerly Quintiles and IMS Health, Inc., is an American multinational company serving the combined industries of health information technology and clinical research. It is a provider of biopharmaceutical development and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including consulting services.

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 9.02% per annum.
  • IQV price at the close of May 9, 2024 was $229.20 and was higher than the top border of the primary price channel by $10.07 (4.59%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 9.74% per annum.
  • IQV price at the close of May 9, 2024 was inside the secondary price channel.
  • The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.

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 IQV 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: April 21, 2021
End date: December 11, 2023

a = 5.7134

b = -0.0003

s = 0.0747

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.02%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0747) – 1
= 34.80%

April 21, 2021 calculations

Top border of price channel:

Exp(Y490)
= Exp(a + b × X490 + 2 × s)
= Exp(a + b × 712 + 2 × s)
= Exp(5.7134 + -0.0003 × 712 + 2 × 0.0747)
= Exp(5.6783)
= $292.44

Bottom border of price channel:

Exp(Y490)
= Exp(a + b × X490 – 2 × s)
= Exp(a + b × 712 – 2 × s)
= Exp(5.7134 + -0.0003 × 712 – 2 × 0.0747)
= Exp(5.3797)
= $216.95

December 11, 2023 calculations

Top border of price channel:

Exp(Y1,155)
= Exp(a + b × X1,155 + 2 × s)
= Exp(a + b × 1,676 + 2 × s)
= Exp(5.7134 + -0.0003 × 1,676 + 2 × 0.0747)
= Exp(5.4285)
= $227.82

Bottom border of price channel:

Exp(Y1,155)
= Exp(a + b × X1,155 – 2 × s)
= Exp(a + b × 1,676 – 2 × s)
= Exp(5.7134 + -0.0003 × 1,676 – 2 × 0.0747)
= Exp(5.1299)
= $169.00

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 9.02% per annum.
  • IQV price at the close of May 9, 2024 was $229.20 and was higher than the top border of the primary price channel by $10.07 (4.59%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: September 14, 2022
End date: May 9, 2024

a = 4.9699

b = 0.0003

s = 0.0732

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.74%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0732) – 1
= 34.03%

September 14, 2022 calculations

Top border of price channel:

Exp(Y843)
= Exp(a + b × X843 + 2 × s)
= Exp(a + b × 1,223 + 2 × s)
= Exp(4.9699 + 0.0003 × 1,223 + 2 × 0.0732)
= Exp(5.4278)
= $227.64

Bottom border of price channel:

Exp(Y843)
= Exp(a + b × X843 – 2 × s)
= Exp(a + b × 1,223 – 2 × s)
= Exp(4.9699 + 0.0003 × 1,223 – 2 × 0.0732)
= Exp(5.1348)
= $169.84

May 9, 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(4.9699 + 0.0003 × 1,826 + 2 × 0.0732)
= Exp(5.5813)
= $265.42

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.9699 + 0.0003 × 1,826 – 2 × 0.0732)
= Exp(5.2884)
= $198.02

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 9.74% per annum.
  • IQV price at the close of May 9, 2024 was inside the secondary price channel.