Xerox Corp (XRX)
Xerox Holdings Corporation, a workplace technology company, designs, develops and sells document management systems and solutions in the United States, Europe, Canada and internationally. The company is headquartered in Norwalk, Connecticut.
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 10.06% per annum.
- XRX price at the close of May 16, 2024 was $14.02 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.85% per annum.
- XRX price at the close of May 16, 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 XRX 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 13, 2022
End date: April 22, 2024
a = 2.3107
b = 0.0003
s = 0.0894
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0894) – 1
= 43.00%
June 13, 2022 calculations
Top border of price channel:
Exp(Y774)
= Exp(a + b × X774 + 2 × s)
= Exp(a + b × 1,123 + 2 × s)
= Exp(2.3107 + 0.0003 × 1,123 + 2 × 0.0894)
= Exp(2.7845)
= $16.19
Bottom border of price channel:
Exp(Y774)
= Exp(a + b × X774 – 2 × s)
= Exp(a + b × 1,123 – 2 × s)
= Exp(2.3107 + 0.0003 × 1,123 – 2 × 0.0894)
= Exp(2.4269)
= $11.32
April 22, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,802 + 2 × s)
= Exp(2.3107 + 0.0003 × 1,802 + 2 × 0.0894)
= Exp(2.9629)
= $19.35
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,802 – 2 × s)
= Exp(2.3107 + 0.0003 × 1,802 – 2 × 0.0894)
= Exp(2.6052)
= $13.53
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 10.06% per annum.
- XRX price at the close of May 16, 2024 was $14.02 and was inside the primary price channel.
Secondary Trend
Start date: January 26, 2024
End date: May 16, 2024
a = 8.0222
b = -0.0029
s = 0.0609
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0029) – 1
= -65.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0609) – 1
= 27.59%
January 26, 2024 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,715 + 2 × s)
= Exp(8.0222 + -0.0029 × 1,715 + 2 × 0.0609)
= Exp(3.0962)
= $22.11
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,715 – 2 × s)
= Exp(8.0222 + -0.0029 × 1,715 – 2 × 0.0609)
= Exp(2.8526)
= $17.33
May 16, 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(8.0222 + -0.0029 × 1,826 + 2 × 0.0609)
= Exp(2.7695)
= $15.95
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(8.0222 + -0.0029 × 1,826 – 2 × 0.0609)
= Exp(2.5259)
= $12.50
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.85% per annum.
- XRX price at the close of May 16, 2024 was inside the secondary price channel.