Regeneron Pharmaceuticals Inc (REGN)
Regeneron Pharmaceuticals, Inc. is an American biotechnology company headquartered in Westchester County, New York. Originally focused on neurotrophic factors and their regenerative capabilities, giving rise to its name, the company then branched out into the study of both cytokine and tyrosine kinase receptors.
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 37.03% per annum.
- REGN price at the close of July 25, 2024 was $1,064.19 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.93% per annum.
- REGN 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 REGN 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: May 11, 2023
End date: July 25, 2024
a = 5.3841
b = 0.0009
s = 0.0401
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0401) – 1
= 17.42%
May 11, 2023 calculations
Top border of price channel:
Exp(Y955)
= Exp(a + b × X955 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(5.3841 + 0.0009 × 1,385 + 2 × 0.0401)
= Exp(6.6599)
= $780.45
Bottom border of price channel:
Exp(Y955)
= Exp(a + b × X955 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(5.3841 + 0.0009 × 1,385 – 2 × 0.0401)
= Exp(6.4993)
= $664.67
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(5.3841 + 0.0009 × 1,826 + 2 × 0.0401)
= Exp(7.0405)
= $1,141.99
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.3841 + 0.0009 × 1,826 – 2 × 0.0401)
= Exp(6.8799)
= $972.58
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.03% per annum.
- REGN price at the close of July 25, 2024 was $1,064.19 and was inside the primary price channel.
Secondary Trend
Start date: April 12, 2024
End date: July 25, 2024
a = 3.4386
b = 0.0020
s = 0.0204
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 103.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0204) – 1
= 8.50%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(3.4386 + 0.0020 × 1,722 + 2 × 0.0204)
= Exp(6.8413)
= $935.71
Bottom border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(3.4386 + 0.0020 × 1,722 – 2 × 0.0204)
= Exp(6.7597)
= $862.39
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(3.4386 + 0.0020 × 1,826 + 2 × 0.0204)
= Exp(7.0443)
= $1,146.36
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4386 + 0.0020 × 1,826 – 2 × 0.0204)
= Exp(6.9628)
= $1,056.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.93% per annum.
- REGN price at the close of July 25, 2024 was inside the secondary price channel.