Chemours Co (CC)
The Chemours Company offers high performance chemicals in North America, Asia Pacific, Europe, the Middle East, Africa and Latin America. The company is headquartered in Wilmington, Delaware.
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 8.68% per annum.
- CC price at the close of November 20, 2024 was $19.25 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 44.40% per annum.
- CC price at the close of November 20, 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 CC 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: May 4, 2021
End date: November 20, 2024
a = 3.6098
b = -0.0002
s = 0.1406
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1406) – 1
= 75.46%
May 4, 2021 calculations
Top border of price channel:
Exp(Y363)
= Exp(a + b × X363 + 2 × s)
= Exp(a + b × 530 + 2 × s)
= Exp(3.6098 + -0.0002 × 530 + 2 × 0.1406)
= Exp(3.7591)
= $42.91
Bottom border of price channel:
Exp(Y363)
= Exp(a + b × X363 – 2 × s)
= Exp(a + b × 530 – 2 × s)
= Exp(3.6098 + -0.0002 × 530 – 2 × 0.1406)
= Exp(3.1969)
= $24.46
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(3.6098 + -0.0002 × 1,826 + 2 × 0.1406)
= Exp(3.4368)
= $31.09
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6098 + -0.0002 × 1,826 – 2 × 0.1406)
= Exp(2.8745)
= $17.72
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.68% per annum.
- CC price at the close of November 20, 2024 was $19.25 and was inside the primary price channel.
Secondary Trend
Start date: December 13, 2023
End date: November 20, 2024
a = 5.8131
b = -0.0016
s = 0.0844
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -44.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0844) – 1
= 40.17%
December 13, 2023 calculations
Top border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 + 2 × s)
= Exp(a + b × 1,483 + 2 × s)
= Exp(5.8131 + -0.0016 × 1,483 + 2 × 0.0844)
= Exp(3.5972)
= $36.50
Bottom border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 – 2 × s)
= Exp(a + b × 1,483 – 2 × s)
= Exp(5.8131 + -0.0016 × 1,483 – 2 × 0.0844)
= Exp(3.2595)
= $26.04
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(5.8131 + -0.0016 × 1,826 + 2 × 0.0844)
= Exp(3.0457)
= $21.02
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.8131 + -0.0016 × 1,826 – 2 × 0.0844)
= Exp(2.7080)
= $15.00
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 44.40% per annum.
- CC price at the close of November 20, 2024 was inside the secondary price channel.