Lantheus Holdings Inc (LNTH)
Lantheus Holdings, Inc. develops, manufactures and markets diagnostic and therapeutic agents and products that assist physicians in the diagnosis and treatment of heart, cancer and other diseases worldwide. The company is headquartered in North Billerica, 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 1.99% per annum.
- LNTH price at the close of July 25, 2024 was $112.95 and was higher than the top border of the primary price channel by $15.15 (15.49%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 175.29% per annum.
- LNTH price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $12.00 (11.88%).
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 LNTH 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 29, 2022
End date: July 9, 2024
a = 4.1574
b = 0.0001
s = 0.1636
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 1.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1636) – 1
= 92.38%
March 29, 2022 calculations
Top border of price channel:
Exp(Y674)
= Exp(a + b × X674 + 2 × s)
= Exp(a + b × 977 + 2 × s)
= Exp(4.1574 + 0.0001 × 977 + 2 × 0.1636)
= Exp(4.5371)
= $93.42
Bottom border of price channel:
Exp(Y674)
= Exp(a + b × X674 – 2 × s)
= Exp(a + b × 977 – 2 × s)
= Exp(4.1574 + 0.0001 × 977 – 2 × 0.1636)
= Exp(3.8828)
= $48.56
July 9, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(4.1574 + 0.0001 × 1,810 + 2 × 0.1636)
= Exp(4.5820)
= $97.71
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(4.1574 + 0.0001 × 1,810 – 2 × 0.1636)
= Exp(3.9277)
= $50.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.99% per annum.
- LNTH price at the close of July 25, 2024 was $112.95 and was higher than the top border of the primary price channel by $15.15 (15.49%).
Secondary Trend
Start date: January 16, 2024
End date: July 9, 2024
a = -0.5794
b = 0.0028
s = 0.0639
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 175.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0639) – 1
= 29.15%
January 16, 2024 calculations
Top border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 + 2 × s)
= Exp(a + b × 1,635 + 2 × s)
= Exp(-0.5794 + 0.0028 × 1,635 + 2 × 0.0639)
= Exp(4.0847)
= $59.43
Bottom border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 – 2 × s)
= Exp(a + b × 1,635 – 2 × s)
= Exp(-0.5794 + 0.0028 × 1,635 – 2 × 0.0639)
= Exp(3.8289)
= $46.01
July 9, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(-0.5794 + 0.0028 × 1,810 + 2 × 0.0639)
= Exp(4.5703)
= $96.57
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(-0.5794 + 0.0028 × 1,810 – 2 × 0.0639)
= Exp(4.3145)
= $74.77
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 175.29% per annum.
- LNTH price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $12.00 (11.88%).