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 decreasing.
- The decline rate of the primary trend is 53.59% per annum.
- XRX price at the close of April 28, 2025 was $4.39 and was lower than the bottom border of the primary price channel by $0.68 (13.40%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 97.77% per annum.
- XRX price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.43 (10.88%). 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 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: December 14, 2023
End date: March 27, 2025
a = 5.6488
b = -0.0021
s = 0.0937
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0021) – 1
= -53.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0937) – 1
= 45.49%
December 14, 2023 calculations
Top border of price channel:
Exp(Y914)
= Exp(a + b × X914 + 2 × s)
= Exp(a + b × 1,324 + 2 × s)
= Exp(5.6488 + -0.0021 × 1,324 + 2 × 0.0937)
= Exp(3.0518)
= $21.15
Bottom border of price channel:
Exp(Y914)
= Exp(a + b × X914 – 2 × s)
= Exp(a + b × 1,324 – 2 × s)
= Exp(5.6488 + -0.0021 × 1,324 – 2 × 0.0937)
= Exp(2.6768)
= $14.54
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(5.6488 + -0.0021 × 1,793 + 2 × 0.0937)
= Exp(2.0654)
= $7.89
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(5.6488 + -0.0021 × 1,793 – 2 × 0.0937)
= Exp(1.6905)
= $5.42
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 53.59% per annum.
- XRX price at the close of April 28, 2025 was $4.39 and was lower than the bottom border of the primary price channel by $0.68 (13.40%).
Secondary Trend
Start date: January 17, 2025
End date: April 22, 2025
a = 20.2762
b = -0.0104
s = 0.0569
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0104) – 1
= -97.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0569) – 1
= 25.56%
January 17, 2025 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,724 + 2 × s)
= Exp(20.2762 + -0.0104 × 1,724 + 2 × 0.0569)
= Exp(2.4284)
= $11.34
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,724 – 2 × s)
= Exp(20.2762 + -0.0104 × 1,724 – 2 × 0.0569)
= Exp(2.2008)
= $9.03
April 22, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(20.2762 + -0.0104 × 1,819 + 2 × 0.0569)
= Exp(1.4386)
= $4.21
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(20.2762 + -0.0104 × 1,819 – 2 × 0.0569)
= Exp(1.2110)
= $3.36
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 97.77% per annum.
- XRX price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.43 (10.88%). This indicates a possible reversal in the secondary trend direction.