Integer Holdings Corp (ITGR)
Integer Holdings Corporation is an outsourced manufacturer of medical devices in the United States, Puerto Rico, Costa Rica, and internationally. The company is headquartered in Plano, Texas.
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 42.72% per annum.
- ITGR price at the close of May 8, 2024 was $113.14 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 110.56% per annum.
- ITGR price at the close of May 8, 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 ITGR 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: August 26, 2022
End date: May 8, 2024
a = 2.9329
b = 0.0010
s = 0.0716
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0716) – 1
= 33.16%
August 26, 2022 calculations
Top border of price channel:
Exp(Y832)
= Exp(a + b × X832 + 2 × s)
= Exp(a + b × 1,205 + 2 × s)
= Exp(2.9329 + 0.0010 × 1,205 + 2 × 0.0716)
= Exp(4.2503)
= $70.12
Bottom border of price channel:
Exp(Y832)
= Exp(a + b × X832 – 2 × s)
= Exp(a + b × 1,205 – 2 × s)
= Exp(2.9329 + 0.0010 × 1,205 – 2 × 0.0716)
= Exp(3.9639)
= $52.66
May 8, 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(2.9329 + 0.0010 × 1,826 + 2 × 0.0716)
= Exp(4.8554)
= $128.44
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9329 + 0.0010 × 1,826 – 2 × 0.0716)
= Exp(4.5691)
= $96.45
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 42.72% per annum.
- ITGR price at the close of May 8, 2024 was $113.14 and was inside the primary price channel.
Secondary Trend
Start date: September 19, 2023
End date: May 8, 2024
a = 1.0908
b = 0.0020
s = 0.0472
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 110.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0472) – 1
= 20.76%
September 19, 2023 calculations
Top border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 + 2 × s)
= Exp(a + b × 1,594 + 2 × s)
= Exp(1.0908 + 0.0020 × 1,594 + 2 × 0.0472)
= Exp(4.4368)
= $84.50
Bottom border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 – 2 × s)
= Exp(a + b × 1,594 – 2 × s)
= Exp(1.0908 + 0.0020 × 1,594 – 2 × 0.0472)
= Exp(4.2482)
= $69.98
May 8, 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(1.0908 + 0.0020 × 1,826 + 2 × 0.0472)
= Exp(4.9101)
= $135.65
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0908 + 0.0020 × 1,826 – 2 × 0.0472)
= Exp(4.7215)
= $112.33
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 110.56% per annum.
- ITGR price at the close of May 8, 2024 was inside the secondary price channel.