Concentrix Corporation (CNXC)
Concentrix Corporation offers global technology customer experience solutions. The company is headquartered in Fremont, California.
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 95.38% per annum.
- CNXC price at the close of November 19, 2024 was $37.26 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 87.74% per annum.
- CNXC price at the close of November 19, 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 CNXC 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: August 26, 2024
End date: November 19, 2024
a = 15.8735
b = -0.0084
s = 0.0531
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0084) – 1
= -95.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0531) – 1
= 23.68%
August 26, 2024 calculations
Top border of price channel:
Exp(Y941)
= Exp(a + b × X941 + 2 × s)
= Exp(a + b × 1,371 + 2 × s)
= Exp(15.8735 + -0.0084 × 1,371 + 2 × 0.0531)
= Exp(4.4280)
= $83.76
Bottom border of price channel:
Exp(Y941)
= Exp(a + b × X941 – 2 × s)
= Exp(a + b × 1,371 – 2 × s)
= Exp(15.8735 + -0.0084 × 1,371 – 2 × 0.0531)
= Exp(4.2155)
= $67.73
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 + 2 × s)
= Exp(a + b × 1,456 + 2 × s)
= Exp(15.8735 + -0.0084 × 1,456 + 2 × 0.0531)
= Exp(3.7118)
= $40.93
Bottom border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 – 2 × s)
= Exp(a + b × 1,456 – 2 × s)
= Exp(15.8735 + -0.0084 × 1,456 – 2 × 0.0531)
= Exp(3.4993)
= $33.09
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 95.38% per annum.
- CNXC price at the close of November 19, 2024 was $37.26 and was inside the primary price channel.
Secondary Trend
Start date: September 26, 2024
End date: November 19, 2024
a = 12.0319
b = -0.0057
s = 0.0330
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0057) – 1
= -87.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0330) – 1
= 14.12%
September 26, 2024 calculations
Top border of price channel:
Exp(Y963)
= Exp(a + b × X963 + 2 × s)
= Exp(a + b × 1,402 + 2 × s)
= Exp(12.0319 + -0.0057 × 1,402 + 2 × 0.0330)
= Exp(4.0365)
= $56.63
Bottom border of price channel:
Exp(Y963)
= Exp(a + b × X963 – 2 × s)
= Exp(a + b × 1,402 – 2 × s)
= Exp(12.0319 + -0.0057 × 1,402 – 2 × 0.0330)
= Exp(3.9044)
= $49.62
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 + 2 × s)
= Exp(a + b × 1,456 + 2 × s)
= Exp(12.0319 + -0.0057 × 1,456 + 2 × 0.0330)
= Exp(3.7260)
= $41.51
Bottom border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 – 2 × s)
= Exp(a + b × 1,456 – 2 × s)
= Exp(12.0319 + -0.0057 × 1,456 – 2 × 0.0330)
= Exp(3.5939)
= $36.38
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 87.74% per annum.
- CNXC price at the close of November 19, 2024 was inside the secondary price channel.