Sotera Health Co (SHC)
Sotera Health Company provides sterilization, laboratory testing, and advisory services to the medical device, pharmaceutical, and food industries in the Americas, Europe, and Asia. The company is headquartered in Broadview Heights, Ohio.
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 48.34% per annum.
- SHC price at the close of April 29, 2025 was $11.31 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.22% per annum.
- SHC price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $0.03 (0.23%). This indicates a possible reversal in the secondary trend direction.
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 SHC 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 5, 2024
End date: April 29, 2025
a = 5.3234
b = -0.0018
s = 0.0557
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -48.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0557) – 1
= 24.93%
September 5, 2024 calculations
Top border of price channel:
Exp(Y951)
= Exp(a + b × X951 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(5.3234 + -0.0018 × 1,385 + 2 × 0.0557)
= Exp(2.9286)
= $18.70
Bottom border of price channel:
Exp(Y951)
= Exp(a + b × X951 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(5.3234 + -0.0018 × 1,385 – 2 × 0.0557)
= Exp(2.7060)
= $14.97
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 + 2 × s)
= Exp(a + b × 1,621 + 2 × s)
= Exp(5.3234 + -0.0018 × 1,621 + 2 × 0.0557)
= Exp(2.5016)
= $12.20
Bottom border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 – 2 × s)
= Exp(a + b × 1,621 – 2 × s)
= Exp(5.3234 + -0.0018 × 1,621 – 2 × 0.0557)
= Exp(2.2790)
= $9.77
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 48.34% per annum.
- SHC price at the close of April 29, 2025 was $11.31 and was inside the primary price channel.
Secondary Trend
Start date: January 23, 2025
End date: April 29, 2025
a = 7.7142
b = -0.0033
s = 0.0447
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0033) – 1
= -70.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0447) – 1
= 19.57%
January 23, 2025 calculations
Top border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 + 2 × s)
= Exp(a + b × 1,525 + 2 × s)
= Exp(7.7142 + -0.0033 × 1,525 + 2 × 0.0447)
= Exp(2.7420)
= $15.52
Bottom border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 – 2 × s)
= Exp(a + b × 1,525 – 2 × s)
= Exp(7.7142 + -0.0033 × 1,525 – 2 × 0.0447)
= Exp(2.5633)
= $12.98
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 + 2 × s)
= Exp(a + b × 1,621 + 2 × s)
= Exp(7.7142 + -0.0033 × 1,621 + 2 × 0.0447)
= Exp(2.4234)
= $11.28
Bottom border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 – 2 × s)
= Exp(a + b × 1,621 – 2 × s)
= Exp(7.7142 + -0.0033 × 1,621 – 2 × 0.0447)
= Exp(2.2446)
= $9.44
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.22% per annum.
- SHC price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $0.03 (0.23%). This indicates a possible reversal in the secondary trend direction.