Baker Hughes Co (BKR)
Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Baker Hughes is headquartered in Houston.
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 10.47% per annum.
- BKR price at the close of November 20, 2024 was $44.31 and was higher than the top border of the primary price channel by $0.81 (1.87%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.36% per annum.
- BKR price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $1.68 (3.93%).
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 BKR 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: January 6, 2022
End date: October 30, 2024
a = 3.0521
b = 0.0003
s = 0.1113
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1113) – 1
= 56.08%
January 6, 2022 calculations
Top border of price channel:
Exp(Y535)
= Exp(a + b × X535 + 2 × s)
= Exp(a + b × 777 + 2 × s)
= Exp(3.0521 + 0.0003 × 777 + 2 × 0.1113)
= Exp(3.4866)
= $32.68
Bottom border of price channel:
Exp(Y535)
= Exp(a + b × X535 – 2 × s)
= Exp(a + b × 777 – 2 × s)
= Exp(3.0521 + 0.0003 × 777 – 2 × 0.1113)
= Exp(3.0415)
= $20.94
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 + 2 × s)
= Exp(a + b × 1,805 + 2 × s)
= Exp(3.0521 + 0.0003 × 1,805 + 2 × 0.1113)
= Exp(3.7670)
= $43.25
Bottom border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 – 2 × s)
= Exp(a + b × 1,805 – 2 × s)
= Exp(3.0521 + 0.0003 × 1,805 – 2 × 0.1113)
= Exp(3.3218)
= $27.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 10.47% per annum.
- BKR price at the close of November 20, 2024 was $44.31 and was higher than the top border of the primary price channel by $0.81 (1.87%).
Secondary Trend
Start date: January 16, 2024
End date: November 20, 2024
a = 1.8931
b = 0.0010
s = 0.0464
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0464) – 1
= 20.40%
January 16, 2024 calculations
Top border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 + 2 × s)
= Exp(a + b × 1,517 + 2 × s)
= Exp(1.8931 + 0.0010 × 1,517 + 2 × 0.0464)
= Exp(3.4537)
= $31.62
Bottom border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 – 2 × s)
= Exp(a + b × 1,517 – 2 × s)
= Exp(1.8931 + 0.0010 × 1,517 – 2 × 0.0464)
= Exp(3.2680)
= $26.26
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.8931 + 0.0010 × 1,826 + 2 × 0.0464)
= Exp(3.7526)
= $42.63
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8931 + 0.0010 × 1,826 – 2 × 0.0464)
= Exp(3.5670)
= $35.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 42.36% per annum.
- BKR price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $1.68 (3.93%).