McKesson Corporation (MCK)
McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools.
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 29.34% per annum.
- MCK price at the close of July 2, 2025 was $705.45 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 67.11% per annum.
- MCK price at the close of July 2, 2025 was lower than the bottom border of the secondary price channel by $12.34 (1.72%). 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 MCK 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 15, 2022
End date: July 2, 2025
a = 5.2589
b = 0.0007
s = 0.0603
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0603) – 1
= 27.26%
March 15, 2022 calculations
Top border of price channel:
Exp(Y427)
= Exp(a + b × X427 + 2 × s)
= Exp(a + b × 617 + 2 × s)
= Exp(5.2589 + 0.0007 × 617 + 2 × 0.0603)
= Exp(5.8143)
= $335.07
Bottom border of price channel:
Exp(Y427)
= Exp(a + b × X427 – 2 × s)
= Exp(a + b × 617 – 2 × s)
= Exp(5.2589 + 0.0007 × 617 – 2 × 0.0603)
= Exp(5.5733)
= $263.30
July 2, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(5.2589 + 0.0007 × 1,822 + 2 × 0.0603)
= Exp(6.6637)
= $783.41
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(5.2589 + 0.0007 × 1,822 – 2 × 0.0603)
= Exp(6.4226)
= $615.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.34% per annum.
- MCK price at the close of July 2, 2025 was $705.45 and was inside the primary price channel.
Secondary Trend
Start date: December 11, 2024
End date: July 2, 2025
a = 4.0573
b = 0.0014
s = 0.0221
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0221) – 1
= 9.24%
December 11, 2024 calculations
Top border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 + 2 × s)
= Exp(a + b × 1,619 + 2 × s)
= Exp(4.0573 + 0.0014 × 1,619 + 2 × 0.0221)
= Exp(6.3790)
= $589.33
Bottom border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 – 2 × s)
= Exp(a + b × 1,619 – 2 × s)
= Exp(4.0573 + 0.0014 × 1,619 – 2 × 0.0221)
= Exp(6.2906)
= $539.48
July 2, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(4.0573 + 0.0014 × 1,822 + 2 × 0.0221)
= Exp(6.6645)
= $784.11
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(4.0573 + 0.0014 × 1,822 – 2 × 0.0221)
= Exp(6.5762)
= $717.79
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 67.11% per annum.
- MCK price at the close of July 2, 2025 was lower than the bottom border of the secondary price channel by $12.34 (1.72%). This indicates a possible reversal in the secondary trend direction.