Caesars Entertainment Corporation (CZR)
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties.
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 26.30% per annum.
- CZR price at the close of November 20, 2024 was $37.59 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.13% per annum.
- CZR 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 CZR 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: February 4, 2021
End date: September 16, 2024
a = 4.9588
b = -0.0008
s = 0.1942
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -26.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1942) – 1
= 117.49%
February 4, 2021 calculations
Top border of price channel:
Exp(Y302)
= Exp(a + b × X302 + 2 × s)
= Exp(a + b × 441 + 2 × s)
= Exp(4.9588 + -0.0008 × 441 + 2 × 0.1942)
= Exp(4.9786)
= $145.27
Bottom border of price channel:
Exp(Y302)
= Exp(a + b × X302 – 2 × s)
= Exp(a + b × 441 – 2 × s)
= Exp(4.9588 + -0.0008 × 441 – 2 × 0.1942)
= Exp(4.2016)
= $66.79
September 16, 2024 calculations
Top border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 + 2 × s)
= Exp(a + b × 1,761 + 2 × s)
= Exp(4.9588 + -0.0008 × 1,761 + 2 × 0.1942)
= Exp(3.8749)
= $48.18
Bottom border of price channel:
Exp(Y1,210)
= Exp(a + b × X1,210 – 2 × s)
= Exp(a + b × 1,761 – 2 × s)
= Exp(4.9588 + -0.0008 × 1,761 – 2 × 0.1942)
= Exp(3.0979)
= $22.15
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 26.30% per annum.
- CZR price at the close of November 20, 2024 was $37.59 and was inside the primary price channel.
Secondary Trend
Start date: May 9, 2022
End date: November 20, 2024
a = 4.0581
b = -0.0002
s = 0.1176
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1176) – 1
= 60.08%
May 9, 2022 calculations
Top border of price channel:
Exp(Y619)
= Exp(a + b × X619 + 2 × s)
= Exp(a + b × 900 + 2 × s)
= Exp(4.0581 + -0.0002 × 900 + 2 × 0.1176)
= Exp(4.1109)
= $61.00
Bottom border of price channel:
Exp(Y619)
= Exp(a + b × X619 – 2 × s)
= Exp(a + b × 900 – 2 × s)
= Exp(4.0581 + -0.0002 × 900 – 2 × 0.1176)
= Exp(3.6404)
= $38.11
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(4.0581 + -0.0002 × 1,826 + 2 × 0.1176)
= Exp(3.9231)
= $50.56
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0581 + -0.0002 × 1,826 – 2 × 0.1176)
= Exp(3.4526)
= $31.58
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.13% per annum.
- CZR price at the close of November 20, 2024 was inside the secondary price channel.