RadNet Inc (RDNT)
RadNet, Inc., provides outpatient imaging services in the United States. The company is headquartered in Los Angeles, California.
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 185.39% per annum.
- RDNT price at the close of July 26, 2024 was $61.98 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.41% per annum.
- RDNT 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 RDNT 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: September 12, 2023
End date: July 26, 2024
a = -1.0622
b = 0.0029
s = 0.0550
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 185.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0550) – 1
= 24.59%
September 12, 2023 calculations
Top border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 + 2 × s)
= Exp(a + b × 1,506 + 2 × s)
= Exp(-1.0622 + 0.0029 × 1,506 + 2 × 0.0550)
= Exp(3.3746)
= $29.21
Bottom border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 – 2 × s)
= Exp(a + b × 1,506 – 2 × s)
= Exp(-1.0622 + 0.0029 × 1,506 – 2 × 0.0550)
= Exp(3.1547)
= $23.45
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(-1.0622 + 0.0029 × 1,824 + 2 × 0.0550)
= Exp(4.2883)
= $72.84
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.0622 + 0.0029 × 1,824 – 2 × 0.0550)
= Exp(4.0684)
= $58.46
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 185.39% per annum.
- RDNT price at the close of July 26, 2024 was $61.98 and was inside the primary price channel.
Secondary Trend
Start date: May 14, 2024
End date: July 26, 2024
a = 2.5312
b = 0.0009
s = 0.0287
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0287) – 1
= 12.15%
May 14, 2024 calculations
Top border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(2.5312 + 0.0009 × 1,751 + 2 × 0.0287)
= Exp(4.1131)
= $61.14
Bottom border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(2.5312 + 0.0009 × 1,751 – 2 × 0.0287)
= Exp(3.9984)
= $54.51
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(2.5312 + 0.0009 × 1,824 + 2 × 0.0287)
= Exp(4.1767)
= $65.15
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.5312 + 0.0009 × 1,824 – 2 × 0.0287)
= Exp(4.0620)
= $58.09
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.41% per annum.
- RDNT price at the close of July 26, 2024 was inside the secondary price channel.