Shockwave Medical Inc (SWAV)
ShockWave Medical, Inc., a medical device company, is dedicated to developing and commercializing intravascular lithotripsy technology to treat calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve disease worldwide. The company is headquartered in Santa Clara, 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 402.69% per annum.
- SWAV price at the close of May 8, 2024 was $330.63 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.43% per annum.
- SWAV price at the close of May 8, 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 SWAV 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: November 9, 2023
End date: May 3, 2024
a = -2.2072
b = 0.0044
s = 0.0364
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0044) – 1
= 402.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0364) – 1
= 15.65%
November 9, 2023 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,645 + 2 × s)
= Exp(-2.2072 + 0.0044 × 1,645 + 2 × 0.0364)
= Exp(5.1433)
= $171.27
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,645 – 2 × s)
= Exp(-2.2072 + 0.0044 × 1,645 – 2 × 0.0364)
= Exp(4.9979)
= $148.10
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(-2.2072 + 0.0044 × 1,821 + 2 × 0.0364)
= Exp(5.9219)
= $373.13
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(-2.2072 + 0.0044 × 1,821 – 2 × 0.0364)
= Exp(5.7765)
= $322.63
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 402.69% per annum.
- SWAV price at the close of May 8, 2024 was $330.63 and was inside the primary price channel.
Secondary Trend
Start date: April 12, 2024
End date: May 8, 2024
a = 5.0404
b = 0.0004
s = 0.0013
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0013) – 1
= 0.52%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(5.0404 + 0.0004 × 1,800 + 2 × 0.0013)
= Exp(5.7933)
= $328.09
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(5.0404 + 0.0004 × 1,800 – 2 × 0.0013)
= Exp(5.7881)
= $326.38
May 8, 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(5.0404 + 0.0004 × 1,826 + 2 × 0.0013)
= Exp(5.8041)
= $331.66
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.0404 + 0.0004 × 1,826 – 2 × 0.0013)
= Exp(5.7989)
= $329.94
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.43% per annum.
- SWAV price at the close of May 8, 2024 was inside the secondary price channel.