Premier Inc (PINC)
Premier, Inc., is a health improvement company in the United States. The company is headquartered in Charlotte, North Carolina.
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 24.31% per annum.
- PINC price at the close of July 25, 2024 was $20.40 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.34% per annum.
- PINC price at the close of July 25, 2024 was inside the secondary price channel.
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 PINC 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: November 1, 2021
End date: July 25, 2024
a = 4.3207
b = -0.0008
s = 0.0791
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0791) – 1
= 37.24%
November 1, 2021 calculations
Top border of price channel:
Exp(Y572)
= Exp(a + b × X572 + 2 × s)
= Exp(a + b × 829 + 2 × s)
= Exp(4.3207 + -0.0008 × 829 + 2 × 0.0791)
= Exp(3.8463)
= $46.82
Bottom border of price channel:
Exp(Y572)
= Exp(a + b × X572 – 2 × s)
= Exp(a + b × 829 – 2 × s)
= Exp(4.3207 + -0.0008 × 829 – 2 × 0.0791)
= Exp(3.5298)
= $34.12
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(4.3207 + -0.0008 × 1,826 + 2 × 0.0791)
= Exp(3.0855)
= $21.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.3207 + -0.0008 × 1,826 – 2 × 0.0791)
= Exp(2.7689)
= $15.94
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 24.31% per annum.
- PINC price at the close of July 25, 2024 was $20.40 and was inside the primary price channel.
Secondary Trend
Start date: August 23, 2023
End date: July 25, 2024
a = 3.4073
b = -0.0002
s = 0.0524
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0524) – 1
= 23.34%
August 23, 2023 calculations
Top border of price channel:
Exp(Y1,026)
= Exp(a + b × X1,026 + 2 × s)
= Exp(a + b × 1,489 + 2 × s)
= Exp(3.4073 + -0.0002 × 1,489 + 2 × 0.0524)
= Exp(3.1567)
= $23.49
Bottom border of price channel:
Exp(Y1,026)
= Exp(a + b × X1,026 – 2 × s)
= Exp(a + b × 1,489 – 2 × s)
= Exp(3.4073 + -0.0002 × 1,489 – 2 × 0.0524)
= Exp(2.9470)
= $19.05
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(3.4073 + -0.0002 × 1,826 + 2 × 0.0524)
= Exp(3.0763)
= $21.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4073 + -0.0002 × 1,826 – 2 × 0.0524)
= Exp(2.8665)
= $17.58
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.34% per annum.
- PINC price at the close of July 25, 2024 was inside the secondary price channel.