Las Vegas Sands Corp (LVS)
Las Vegas Sands Corporation is an American casino and resort company based in Paradise, Nevada, United States. Its resorts feature accommodations, gambling and entertainment, convention and exhibition facilities, restaurants and clubs, as well as an art and science museum in Singapore.
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 46.26% per annum.
- LVS price at the close of July 25, 2024 was $39.34 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.61% per annum.
- LVS price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $0.42 (1.06%).
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 LVS 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: February 7, 2024
End date: July 25, 2024
a = 6.8214
b = -0.0017
s = 0.0294
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0294) – 1
= 12.46%
February 7, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,657 + 2 × s)
= Exp(6.8214 + -0.0017 × 1,657 + 2 × 0.0294)
= Exp(4.0608)
= $58.02
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,657 – 2 × s)
= Exp(6.8214 + -0.0017 × 1,657 – 2 × 0.0294)
= Exp(3.9434)
= $51.59
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.8214 + -0.0017 × 1,826 + 2 × 0.0294)
= Exp(3.7733)
= $43.52
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.8214 + -0.0017 × 1,826 – 2 × 0.0294)
= Exp(3.6559)
= $38.70
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.26% per annum.
- LVS price at the close of July 25, 2024 was $39.34 and was inside the primary price channel.
Secondary Trend
Start date: April 18, 2024
End date: July 25, 2024
a = 6.0095
b = -0.0012
s = 0.0231
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -36.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0231) – 1
= 9.67%
April 18, 2024 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(6.0095 + -0.0012 × 1,728 + 2 × 0.0231)
= Exp(3.8976)
= $49.28
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(6.0095 + -0.0012 × 1,728 – 2 × 0.0231)
= Exp(3.8053)
= $44.94
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.0095 + -0.0012 × 1,826 + 2 × 0.0231)
= Exp(3.7752)
= $43.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.0095 + -0.0012 × 1,826 – 2 × 0.0231)
= Exp(3.6829)
= $39.76
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.61% per annum.
- LVS price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $0.42 (1.06%).