Laboratory Corporation of America Holdings (LH)
Laboratory Corporation of America Holdings (Labcorp), headquartered in Burlington, North Carolina, is a leading global life sciences company that specializes in innovative laboratory services and solutions. With a vast network of 36 clinical laboratories across the United States, Labcorp plays a pivotal role in the healthcare landscape by providing comprehensive diagnostic testing and drug development services. The company's commitment to leveraging cutting-edge technology and data analytics enables it to enhance patient care and advance the field of personalized medicine, positioning Labcorp as a key partner in improving healthcare outcomes worldwide.
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 14.01% per annum.
- LH price at the close of February 5, 2026 was $278.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.09% per annum.
- LH price at the close of February 5, 2026 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 LH 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: March 7, 2023
End date: February 5, 2026
a = 4.9446
b = 0.0004
s = 0.0504
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0504) – 1
= 22.32%
March 7, 2023 calculations
Top border of price channel:
Exp(Y522)
= Exp(a + b × X522 + 2 × s)
= Exp(a + b × 757 + 2 × s)
= Exp(4.9446 + 0.0004 × 757 + 2 × 0.0504)
= Exp(5.3173)
= $203.83
Bottom border of price channel:
Exp(Y522)
= Exp(a + b × X522 – 2 × s)
= Exp(a + b × 757 – 2 × s)
= Exp(4.9446 + 0.0004 × 757 – 2 × 0.0504)
= Exp(5.1158)
= $166.64
February 5, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.9446 + 0.0004 × 1,823 + 2 × 0.0504)
= Exp(5.7003)
= $298.97
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.9446 + 0.0004 × 1,823 – 2 × 0.0504)
= Exp(5.4988)
= $244.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 14.01% per annum.
- LH price at the close of February 5, 2026 was $278.23 and was inside the primary price channel.
Secondary Trend
Start date: April 8, 2024
End date: February 5, 2026
a = 4.7218
b = 0.0005
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.88%
April 8, 2024 calculations
Top border of price channel:
Exp(Y795)
= Exp(a + b × X795 + 2 × s)
= Exp(a + b × 1,155 + 2 × s)
= Exp(4.7218 + 0.0005 × 1,155 + 2 × 0.0453)
= Exp(5.3918)
= $219.61
Bottom border of price channel:
Exp(Y795)
= Exp(a + b × X795 – 2 × s)
= Exp(a + b × 1,155 – 2 × s)
= Exp(4.7218 + 0.0005 × 1,155 – 2 × 0.0453)
= Exp(5.2105)
= $183.18
February 5, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.7218 + 0.0005 × 1,823 + 2 × 0.0453)
= Exp(5.7269)
= $307.03
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.7218 + 0.0005 × 1,823 – 2 × 0.0453)
= Exp(5.5456)
= $256.10
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.09% per annum.
- LH price at the close of February 5, 2026 was inside the secondary price channel.