Celsius Holdings Inc (CELH)
Celsius Holdings, Inc. develops, markets, distributes, and sells calorie-burning functional fitness drinks in the United States and internationally. The company is headquartered in Boca Raton, Florida.
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 85.46% per annum.
- CELH price at the close of November 20, 2024 was $27.71 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 56.94% per annum.
- CELH 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 CELH 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 4, 2024
End date: November 20, 2024
a = 12.8996
b = -0.0053
s = 0.1136
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0053) – 1
= -85.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1136) – 1
= 57.49%
March 4, 2024 calculations
Top border of price channel:
Exp(Y1,075)
= Exp(a + b × X1,075 + 2 × s)
= Exp(a + b × 1,565 + 2 × s)
= Exp(12.8996 + -0.0053 × 1,565 + 2 × 0.1136)
= Exp(4.8601)
= $129.04
Bottom border of price channel:
Exp(Y1,075)
= Exp(a + b × X1,075 – 2 × s)
= Exp(a + b × 1,565 – 2 × s)
= Exp(12.8996 + -0.0053 × 1,565 – 2 × 0.1136)
= Exp(4.4059)
= $81.93
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(12.8996 + -0.0053 × 1,826 + 2 × 0.1136)
= Exp(3.4815)
= $32.51
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(12.8996 + -0.0053 × 1,826 – 2 × 0.1136)
= Exp(3.0273)
= $20.64
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 85.46% per annum.
- CELH price at the close of November 20, 2024 was $27.71 and was inside the primary price channel.
Secondary Trend
Start date: September 4, 2024
End date: November 20, 2024
a = 7.5647
b = -0.0023
s = 0.0571
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -56.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0571) – 1
= 25.65%
September 4, 2024 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(7.5647 + -0.0023 × 1,749 + 2 × 0.0571)
= Exp(3.6409)
= $38.13
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(7.5647 + -0.0023 × 1,749 – 2 × 0.0571)
= Exp(3.4126)
= $30.35
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(7.5647 + -0.0023 × 1,826 + 2 × 0.0571)
= Exp(3.4632)
= $31.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.5647 + -0.0023 × 1,826 – 2 × 0.0571)
= Exp(3.2349)
= $25.40
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 56.94% per annum.
- CELH price at the close of November 20, 2024 was inside the secondary price channel.