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 decreasing.
- The decline rate of the primary trend is 36.88% per annum.
- LNTH price at the close of May 17, 2024 was $79.67 and was higher than the top border of the primary price channel by $15.67 (24.48%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,484.61% per annum.
- LNTH price at the close of May 17, 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 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 16, 2023
End date: April 18, 2024
a = 6.2748
b = -0.0013
s = 0.0916
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0916) – 1
= 44.26%
March 16, 2023 calculations
Top border of price channel:
Exp(Y963)
= Exp(a + b × X963 + 2 × s)
= Exp(a + b × 1,396 + 2 × s)
= Exp(6.2748 + -0.0013 × 1,396 + 2 × 0.0916)
= Exp(4.6984)
= $109.77
Bottom border of price channel:
Exp(Y963)
= Exp(a + b × X963 – 2 × s)
= Exp(a + b × 1,396 – 2 × s)
= Exp(6.2748 + -0.0013 × 1,396 – 2 × 0.0916)
= Exp(4.3320)
= $76.09
April 18, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,795 + 2 × s)
= Exp(6.2748 + -0.0013 × 1,795 + 2 × 0.0916)
= Exp(4.1954)
= $66.38
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,795 – 2 × s)
= Exp(6.2748 + -0.0013 × 1,795 – 2 × 0.0916)
= Exp(3.8290)
= $46.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 36.88% per annum.
- LNTH price at the close of May 17, 2024 was $79.67 and was higher than the top border of the primary price channel by $15.67 (24.48%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 2, 2024
End date: May 17, 2024
a = -9.4281
b = 0.0076
s = 0.0340
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0076) – 1
= 1,484.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0340) – 1
= 14.59%
April 2, 2024 calculations
Top border of price channel:
Exp(Y1,225)
= Exp(a + b × X1,225 + 2 × s)
= Exp(a + b × 1,779 + 2 × s)
= Exp(-9.4281 + 0.0076 × 1,779 + 2 × 0.0340)
= Exp(4.1064)
= $60.73
Bottom border of price channel:
Exp(Y1,225)
= Exp(a + b × X1,225 – 2 × s)
= Exp(a + b × 1,779 – 2 × s)
= Exp(-9.4281 + 0.0076 × 1,779 – 2 × 0.0340)
= Exp(3.9702)
= $53.00
May 17, 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(-9.4281 + 0.0076 × 1,824 + 2 × 0.0340)
= Exp(4.4470)
= $85.37
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-9.4281 + 0.0076 × 1,824 – 2 × 0.0340)
= Exp(4.3109)
= $74.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,484.61% per annum.
- LNTH price at the close of May 17, 2024 was inside the secondary price channel.