Cencora Inc. (COR)
CoreSite Realty Corporation (NYSE: COR) delivers secure, reliable, high-performance data center, cloud access and interconnect solutions to a growing client ecosystem in eight key North American markets.
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 2.19% per annum.
- COR price at the close of November 19, 2024 was $240.98 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 115.40% per annum.
- COR price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 COR 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 31, 2024
End date: November 5, 2024
a = 5.5453
b = -0.0001
s = 0.0305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0305) – 1
= 12.99%
January 31, 2024 calculations
Top border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 + 2 × s)
= Exp(a + b × 1,533 + 2 × s)
= Exp(5.5453 + -0.0001 × 1,533 + 2 × 0.0305)
= Exp(5.5134)
= $247.99
Bottom border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 – 2 × s)
= Exp(a + b × 1,533 – 2 × s)
= Exp(5.5453 + -0.0001 × 1,533 – 2 × 0.0305)
= Exp(5.3913)
= $219.48
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(5.5453 + -0.0001 × 1,812 + 2 × 0.0305)
= Exp(5.4965)
= $243.83
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(5.5453 + -0.0001 × 1,812 – 2 × 0.0305)
= Exp(5.3744)
= $215.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.19% per annum.
- COR price at the close of November 19, 2024 was $240.98 and was inside the primary price channel.
Secondary Trend
Start date: September 25, 2024
End date: November 19, 2024
a = 1.6671
b = 0.0021
s = 0.0209
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 115.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0209) – 1
= 8.72%
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(1.6671 + 0.0021 × 1,771 + 2 × 0.0209)
= Exp(5.4320)
= $228.60
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(1.6671 + 0.0021 × 1,771 – 2 × 0.0209)
= Exp(5.3484)
= $210.27
November 19, 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(1.6671 + 0.0021 × 1,826 + 2 × 0.0209)
= Exp(5.5476)
= $256.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.6671 + 0.0021 × 1,826 – 2 × 0.0209)
= Exp(5.4640)
= $236.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 115.40% per annum.
- COR price at the close of November 19, 2024 was inside the secondary price channel.