Arcus Biosciences Inc (RCUS)
Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and markets cancer therapies in the United States. The company is headquartered in Hayward, California.
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 23.05% per annum.
- RCUS price at the close of July 26, 2024 was $15.81 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.07% per annum.
- RCUS price at the close of July 26, 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 RCUS 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 8, 2021
End date: July 26, 2024
a = 4.0138
b = -0.0007
s = 0.1609
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1609) – 1
= 90.34%
January 8, 2021 calculations
Top border of price channel:
Exp(Y366)
= Exp(a + b × X366 + 2 × s)
= Exp(a + b × 529 + 2 × s)
= Exp(4.0138 + -0.0007 × 529 + 2 × 0.1609)
= Exp(3.9559)
= $52.24
Bottom border of price channel:
Exp(Y366)
= Exp(a + b × X366 – 2 × s)
= Exp(a + b × 529 – 2 × s)
= Exp(4.0138 + -0.0007 × 529 – 2 × 0.1609)
= Exp(3.3122)
= $27.45
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(4.0138 + -0.0007 × 1,824 + 2 × 0.1609)
= Exp(3.0262)
= $20.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.0138 + -0.0007 × 1,824 – 2 × 0.1609)
= Exp(2.3826)
= $10.83
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.05% per annum.
- RCUS price at the close of July 26, 2024 was $15.81 and was inside the primary price channel.
Secondary Trend
Start date: September 17, 2021
End date: July 26, 2024
a = 4.2810
b = -0.0009
s = 0.1483
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1483) – 1
= 80.96%
September 17, 2021 calculations
Top border of price channel:
Exp(Y540)
= Exp(a + b × X540 + 2 × s)
= Exp(a + b × 781 + 2 × s)
= Exp(4.2810 + -0.0009 × 781 + 2 × 0.1483)
= Exp(3.8726)
= $48.07
Bottom border of price channel:
Exp(Y540)
= Exp(a + b × X540 – 2 × s)
= Exp(a + b × 781 – 2 × s)
= Exp(4.2810 + -0.0009 × 781 – 2 × 0.1483)
= Exp(3.2795)
= $26.56
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(4.2810 + -0.0009 × 1,824 + 2 × 0.1483)
= Exp(2.9311)
= $18.75
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.2810 + -0.0009 × 1,824 – 2 × 0.1483)
= Exp(2.3380)
= $10.36
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.07% per annum.
- RCUS price at the close of July 26, 2024 was inside the secondary price channel.