ProPetro Holding Corp (PUMP)
ProPetro Holding Corp. The company is headquartered in Midland, Texas.
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 325.43% per annum.
- PUMP price at the close of May 9, 2024 was $9.42 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 951.44% per annum.
- PUMP price at the close of May 9, 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 PUMP 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 4, 2024
End date: May 9, 2024
a = -5.0066
b = 0.0040
s = 0.0229
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0040) – 1
= 325.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0229) – 1
= 9.60%
March 4, 2024 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,760 + 2 × s)
= Exp(-5.0066 + 0.0040 × 1,760 + 2 × 0.0229)
= Exp(2.0210)
= $7.55
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,760 – 2 × s)
= Exp(-5.0066 + 0.0040 × 1,760 – 2 × 0.0229)
= Exp(1.9293)
= $6.88
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-5.0066 + 0.0040 × 1,826 + 2 × 0.0229)
= Exp(2.2828)
= $9.80
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.0066 + 0.0040 × 1,826 – 2 × 0.0229)
= Exp(2.1911)
= $8.94
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 325.43% per annum.
- PUMP price at the close of May 9, 2024 was $9.42 and was inside the primary price channel.
Secondary Trend
Start date: April 16, 2024
End date: May 9, 2024
a = -9.5132
b = 0.0064
s = 0.0150
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0064) – 1
= 951.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0150) – 1
= 6.19%
April 16, 2024 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,803 + 2 × s)
= Exp(-9.5132 + 0.0064 × 1,803 + 2 × 0.0150)
= Exp(2.1387)
= $8.49
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,803 – 2 × s)
= Exp(-9.5132 + 0.0064 × 1,803 – 2 × 0.0150)
= Exp(2.0786)
= $7.99
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-9.5132 + 0.0064 × 1,826 + 2 × 0.0150)
= Exp(2.2869)
= $9.84
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-9.5132 + 0.0064 × 1,826 – 2 × 0.0150)
= Exp(2.2269)
= $9.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 951.44% per annum.
- PUMP price at the close of May 9, 2024 was inside the secondary price channel.