Celanese Corporation (CE)
Celanese Corporation is a Fortune 500 global technology and specialty materials company headquartered in Irving, Texas, United States.
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 43.34% per annum.
- CE price at the close of November 20, 2024 was $72.90 and was lower than the bottom border of the primary price channel by $30.88 (29.76%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 99.99% per annum.
- CE 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 CE 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 7, 2024
End date: September 23, 2024
a = 7.5554
b = -0.0016
s = 0.0354
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0354) – 1
= 15.20%
March 7, 2024 calculations
Top border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(7.5554 + -0.0016 × 1,568 + 2 × 0.0354)
= Exp(5.1854)
= $178.64
Bottom border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(7.5554 + -0.0016 × 1,568 – 2 × 0.0354)
= Exp(5.0439)
= $155.08
September 23, 2024 calculations
Top border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(7.5554 + -0.0016 × 1,768 + 2 × 0.0354)
= Exp(4.8741)
= $130.85
Bottom border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(7.5554 + -0.0016 × 1,768 – 2 × 0.0354)
= Exp(4.7326)
= $113.59
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 43.34% per annum.
- CE price at the close of November 20, 2024 was $72.90 and was lower than the bottom border of the primary price channel by $30.88 (29.76%).
Secondary Trend
Start date: October 18, 2024
End date: November 20, 2024
a = 48.6117
b = -0.0243
s = 0.0894
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0243) – 1
= -99.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0894) – 1
= 43.01%
October 18, 2024 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(48.6117 + -0.0243 × 1,793 + 2 × 0.0894)
= Exp(5.2021)
= $181.66
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(48.6117 + -0.0243 × 1,793 – 2 × 0.0894)
= Exp(4.8444)
= $127.02
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(48.6117 + -0.0243 × 1,826 + 2 × 0.0894)
= Exp(4.3999)
= $81.44
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(48.6117 + -0.0243 × 1,826 – 2 × 0.0894)
= Exp(4.0421)
= $56.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 99.99% per annum.
- CE price at the close of November 20, 2024 was inside the secondary price channel.