Varex Imaging Corp (VREX)
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company is headquartered in Salt Lake City, Utah.
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 22.82% per annum.
- VREX price at the close of May 8, 2024 was $15.75 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.22% per annum.
- VREX 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 VREX 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: June 8, 2021
End date: May 2, 2023
a = 3.9251
b = -0.0007
s = 0.0715
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0715) – 1
= 33.11%
June 8, 2021 calculations
Top border of price channel:
Exp(Y524)
= Exp(a + b × X524 + 2 × s)
= Exp(a + b × 761 + 2 × s)
= Exp(3.9251 + -0.0007 × 761 + 2 × 0.0715)
= Exp(3.5281)
= $34.06
Bottom border of price channel:
Exp(Y524)
= Exp(a + b × X524 – 2 × s)
= Exp(a + b × 761 – 2 × s)
= Exp(3.9251 + -0.0007 × 761 – 2 × 0.0715)
= Exp(3.2421)
= $25.59
May 2, 2023 calculations
Top border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 + 2 × s)
= Exp(a + b × 1,454 + 2 × s)
= Exp(3.9251 + -0.0007 × 1,454 + 2 × 0.0715)
= Exp(3.0364)
= $20.83
Bottom border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 – 2 × s)
= Exp(a + b × 1,454 – 2 × s)
= Exp(3.9251 + -0.0007 × 1,454 – 2 × 0.0715)
= Exp(2.7504)
= $15.65
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.82% per annum.
- VREX price at the close of May 8, 2024 was $15.75 and was inside the primary price channel.
Secondary Trend
Start date: February 9, 2022
End date: April 29, 2024
a = 3.3844
b = -0.0003
s = 0.0754
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0754) – 1
= 35.22%
February 9, 2022 calculations
Top border of price channel:
Exp(Y695)
= Exp(a + b × X695 + 2 × s)
= Exp(a + b × 1,007 + 2 × s)
= Exp(3.3844 + -0.0003 × 1,007 + 2 × 0.0754)
= Exp(3.2685)
= $26.27
Bottom border of price channel:
Exp(Y695)
= Exp(a + b × X695 – 2 × s)
= Exp(a + b × 1,007 – 2 × s)
= Exp(3.3844 + -0.0003 × 1,007 – 2 × 0.0754)
= Exp(2.9668)
= $19.43
April 29, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,817 + 2 × s)
= Exp(3.3844 + -0.0003 × 1,817 + 2 × 0.0754)
= Exp(3.0540)
= $21.20
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,817 – 2 × s)
= Exp(3.3844 + -0.0003 × 1,817 – 2 × 0.0754)
= Exp(2.7522)
= $15.68
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.22% per annum.
- VREX price at the close of May 8, 2024 was inside the secondary price channel.