Viatris Inc (VTRS)
Viatris Inc. is an American global healthcare company headquartered in Canonsburg, Pennsylvania.
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 30.14% per annum.
- VTRS price at the close of May 8, 2024 was $11.81 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.01% per annum.
- VTRS price at the close of May 8, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 VTRS 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: March 13, 2023
End date: May 8, 2024
a = 1.5560
b = 0.0007
s = 0.0744
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 30.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0744) – 1
= 34.66%
March 13, 2023 calculations
Top border of price channel:
Exp(Y582)
= Exp(a + b × X582 + 2 × s)
= Exp(a + b × 847 + 2 × s)
= Exp(1.5560 + 0.0007 × 847 + 2 × 0.0744)
= Exp(2.3162)
= $10.14
Bottom border of price channel:
Exp(Y582)
= Exp(a + b × X582 – 2 × s)
= Exp(a + b × 847 – 2 × s)
= Exp(1.5560 + 0.0007 × 847 – 2 × 0.0744)
= Exp(2.0186)
= $7.53
May 8, 2024 calculations
Top border of price channel:
Exp(Y873)
= Exp(a + b × X873 + 2 × s)
= Exp(a + b × 1,269 + 2 × s)
= Exp(1.5560 + 0.0007 × 1,269 + 2 × 0.0744)
= Exp(2.6208)
= $13.75
Bottom border of price channel:
Exp(Y873)
= Exp(a + b × X873 – 2 × s)
= Exp(a + b × 1,269 – 2 × s)
= Exp(1.5560 + 0.0007 × 1,269 – 2 × 0.0744)
= Exp(2.3232)
= $10.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 30.14% per annum.
- VTRS price at the close of May 8, 2024 was $11.81 and was inside the primary price channel.
Secondary Trend
Start date: February 15, 2024
End date: May 8, 2024
a = 4.3142
b = -0.0015
s = 0.0278
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0278) – 1
= 11.75%
February 15, 2024 calculations
Top border of price channel:
Exp(Y816)
= Exp(a + b × X816 + 2 × s)
= Exp(a + b × 1,186 + 2 × s)
= Exp(4.3142 + -0.0015 × 1,186 + 2 × 0.0278)
= Exp(2.5991)
= $13.45
Bottom border of price channel:
Exp(Y816)
= Exp(a + b × X816 – 2 × s)
= Exp(a + b × 1,186 – 2 × s)
= Exp(4.3142 + -0.0015 × 1,186 – 2 × 0.0278)
= Exp(2.4881)
= $12.04
May 8, 2024 calculations
Top border of price channel:
Exp(Y873)
= Exp(a + b × X873 + 2 × s)
= Exp(a + b × 1,269 + 2 × s)
= Exp(4.3142 + -0.0015 × 1,269 + 2 × 0.0278)
= Exp(2.4752)
= $11.88
Bottom border of price channel:
Exp(Y873)
= Exp(a + b × X873 – 2 × s)
= Exp(a + b × 1,269 – 2 × s)
= Exp(4.3142 + -0.0015 × 1,269 – 2 × 0.0278)
= Exp(2.3642)
= $10.64
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.01% per annum.
- VTRS price at the close of May 8, 2024 was inside the secondary price channel.