Plexus Corp (PLXS)
Plexus Corp. The company is headquartered in Neenah, Wisconsin.
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 6.46% per annum.
- PLXS price at the close of July 26, 2024 was $129.85 and was higher than the top border of the primary price channel by $48.10 (58.84%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.33% per annum.
- PLXS price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $10.96 (9.22%).
- 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 PLXS 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: January 5, 2021
End date: July 26, 2022
a = 4.6127
b = -0.0002
s = 0.0622
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0622) – 1
= 28.25%
January 5, 2021 calculations
Top border of price channel:
Exp(Y363)
= Exp(a + b × X363 + 2 × s)
= Exp(a + b × 526 + 2 × s)
= Exp(4.6127 + -0.0002 × 526 + 2 × 0.0622)
= Exp(4.6410)
= $103.64
Bottom border of price channel:
Exp(Y363)
= Exp(a + b × X363 – 2 × s)
= Exp(a + b × 526 – 2 × s)
= Exp(4.6127 + -0.0002 × 526 – 2 × 0.0622)
= Exp(4.3922)
= $80.82
July 26, 2022 calculations
Top border of price channel:
Exp(Y754)
= Exp(a + b × X754 + 2 × s)
= Exp(a + b × 1,093 + 2 × s)
= Exp(4.6127 + -0.0002 × 1,093 + 2 × 0.0622)
= Exp(4.5373)
= $93.44
Bottom border of price channel:
Exp(Y754)
= Exp(a + b × X754 – 2 × s)
= Exp(a + b × 1,093 – 2 × s)
= Exp(4.6127 + -0.0002 × 1,093 – 2 × 0.0622)
= Exp(4.2885)
= $72.86
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 6.46% per annum.
- PLXS price at the close of July 26, 2024 was $129.85 and was higher than the top border of the primary price channel by $48.10 (58.84%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 5, 2021
End date: July 26, 2024
a = 4.3668
b = 0.0001
s = 0.0760
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 5.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0760) – 1
= 35.52%
January 5, 2021 calculations
Top border of price channel:
Exp(Y363)
= Exp(a + b × X363 + 2 × s)
= Exp(a + b × 526 + 2 × s)
= Exp(4.3668 + 0.0001 × 526 + 2 × 0.0760)
= Exp(4.5936)
= $98.85
Bottom border of price channel:
Exp(Y363)
= Exp(a + b × X363 – 2 × s)
= Exp(a + b × 526 – 2 × s)
= Exp(4.3668 + 0.0001 × 526 – 2 × 0.0760)
= Exp(4.2896)
= $72.94
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.3668 + 0.0001 × 1,824 + 2 × 0.0760)
= Exp(4.7782)
= $118.89
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.3668 + 0.0001 × 1,824 – 2 × 0.0760)
= Exp(4.4742)
= $87.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.33% per annum.
- PLXS price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $10.96 (9.22%).