Masimo Corporation (MASI)
Masimo Corporation develops, manufactures and markets non-invasive monitoring technologies and hospital automation solutions globally. The company is headquartered in Irvine, California.
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 233.43% per annum.
- MASI price at the close of May 8, 2024 was $120.02 and was lower than the bottom border of the primary price channel by $26.79 (18.25%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.64% per annum.
- MASI price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $11.67 (8.86%). This indicates a possible reversal in the secondary trend direction.
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 MASI 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: September 25, 2023
End date: April 11, 2024
a = -0.9051
b = 0.0033
s = 0.0652
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 233.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0652) – 1
= 29.79%
September 25, 2023 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,600 + 2 × s)
= Exp(-0.9051 + 0.0033 × 1,600 + 2 × 0.0652)
= Exp(4.5042)
= $90.40
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,600 – 2 × s)
= Exp(-0.9051 + 0.0033 × 1,600 – 2 × 0.0652)
= Exp(4.2435)
= $69.65
April 11, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(-0.9051 + 0.0033 × 1,799 + 2 × 0.0652)
= Exp(5.1608)
= $174.30
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(-0.9051 + 0.0033 × 1,799 – 2 × 0.0652)
= Exp(4.9001)
= $134.30
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 233.43% per annum.
- MASI price at the close of May 8, 2024 was $120.02 and was lower than the bottom border of the primary price channel by $26.79 (18.25%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 19, 2024
End date: May 7, 2024
a = 3.5663
b = 0.0008
s = 0.0305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 31.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0305) – 1
= 12.97%
January 19, 2024 calculations
Top border of price channel:
Exp(Y1,182)
= Exp(a + b × X1,182 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(3.5663 + 0.0008 × 1,716 + 2 × 0.0305)
= Exp(4.9195)
= $136.94
Bottom border of price channel:
Exp(Y1,182)
= Exp(a + b × X1,182 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(3.5663 + 0.0008 × 1,716 – 2 × 0.0305)
= Exp(4.7976)
= $121.22
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.5663 + 0.0008 × 1,825 + 2 × 0.0305)
= Exp(5.0016)
= $148.66
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.5663 + 0.0008 × 1,825 – 2 × 0.0305)
= Exp(4.8797)
= $131.59
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.64% per annum.
- MASI price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $11.67 (8.86%). This indicates a possible reversal in the secondary trend direction.