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 increasing.
- The growth rate of the primary trend is 1.42% per annum.
- COR price at the close of March 5, 2025 was $251.53 and was higher than the top border of the primary price channel by $0.97 (0.39%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.40% per annum.
- COR price at the close of March 5, 2025 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 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: January 17, 2025
a = 5.3855
b = 0.0000
s = 0.0338
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0338) – 1
= 14.49%
January 31, 2024 calculations
Top border of price channel:
Exp(Y982)
= Exp(a + b × X982 + 2 × s)
= Exp(a + b × 1,426 + 2 × s)
= Exp(5.3855 + 0.0000 × 1,426 + 2 × 0.0338)
= Exp(5.5083)
= $246.73
Bottom border of price channel:
Exp(Y982)
= Exp(a + b × X982 – 2 × s)
= Exp(a + b × 1,426 – 2 × s)
= Exp(5.3855 + 0.0000 × 1,426 – 2 × 0.0338)
= Exp(5.3730)
= $215.51
January 17, 2025 calculations
Top border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(5.3855 + 0.0000 × 1,778 + 2 × 0.0338)
= Exp(5.5219)
= $250.11
Bottom border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(5.3855 + 0.0000 × 1,778 – 2 × 0.0338)
= Exp(5.3866)
= $218.46
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.42% per annum.
- COR price at the close of March 5, 2025 was $251.53 and was higher than the top border of the primary price channel by $0.97 (0.39%).
Secondary Trend
Start date: May 1, 2024
End date: March 5, 2025
a = 4.9188
b = 0.0003
s = 0.0334
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0334) – 1
= 14.27%
May 1, 2024 calculations
Top border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 + 2 × s)
= Exp(a + b × 1,517 + 2 × s)
= Exp(4.9188 + 0.0003 × 1,517 + 2 × 0.0334)
= Exp(5.4713)
= $237.77
Bottom border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 – 2 × s)
= Exp(a + b × 1,517 – 2 × s)
= Exp(4.9188 + 0.0003 × 1,517 – 2 × 0.0334)
= Exp(5.3379)
= $208.07
March 5, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.9188 + 0.0003 × 1,825 + 2 × 0.0334)
= Exp(5.5700)
= $262.42
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9188 + 0.0003 × 1,825 – 2 × 0.0334)
= Exp(5.4365)
= $229.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.40% per annum.
- COR price at the close of March 5, 2025 was inside the secondary price channel.