Chesapeake Utilities Corporation (CPK)
Chesapeake Utilities Corporation is a power supply company. The company is headquartered in Dover, Delaware.
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 32.91% per annum.
- CPK price at the close of November 20, 2024 was $129.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 524.50% per annum.
- CPK 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 CPK 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: October 2, 2023
End date: November 20, 2024
a = 3.4024
b = 0.0008
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.59%
October 2, 2023 calculations
Top border of price channel:
Exp(Y970)
= Exp(a + b × X970 + 2 × s)
= Exp(a + b × 1,411 + 2 × s)
= Exp(3.4024 + 0.0008 × 1,411 + 2 × 0.0341)
= Exp(4.5702)
= $96.57
Bottom border of price channel:
Exp(Y970)
= Exp(a + b × X970 – 2 × s)
= Exp(a + b × 1,411 – 2 × s)
= Exp(3.4024 + 0.0008 × 1,411 – 2 × 0.0341)
= Exp(4.4340)
= $84.27
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(3.4024 + 0.0008 × 1,826 + 2 × 0.0341)
= Exp(4.8937)
= $133.45
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4024 + 0.0008 × 1,826 – 2 × 0.0341)
= Exp(4.7575)
= $116.45
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 32.91% per annum.
- CPK price at the close of November 20, 2024 was $129.02 and was inside the primary price channel.
Secondary Trend
Start date: October 31, 2024
End date: November 20, 2024
a = -4.2918
b = 0.0050
s = 0.0134
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0050) – 1
= 524.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0134) – 1
= 5.51%
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-4.2918 + 0.0050 × 1,806 + 2 × 0.0134)
= Exp(4.7985)
= $121.33
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-4.2918 + 0.0050 × 1,806 – 2 × 0.0134)
= Exp(4.7449)
= $115.00
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(-4.2918 + 0.0050 × 1,826 + 2 × 0.0134)
= Exp(4.8989)
= $134.14
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-4.2918 + 0.0050 × 1,826 – 2 × 0.0134)
= Exp(4.8453)
= $127.14
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 524.50% per annum.
- CPK price at the close of November 20, 2024 was inside the secondary price channel.