Everus Construction Group Inc (ECG)
Everus Construction Group, Inc. provides utility construction services. The company is headquartered in Bismarck, North Dakota.
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 95.71% per annum.
- ECG price at the close of April 25, 2025 was $40.85 and was higher than the top border of the primary price channel by $4.67 (12.90%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.30% per annum.
- ECG price at the close of April 25, 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 ECG 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: December 24, 2024
End date: April 8, 2025
a = 4.8973
b = -0.0086
s = 0.1178
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0086) – 1
= -95.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1178) – 1
= 60.19%
December 24, 2024 calculations
Top border of price channel:
Exp(Y40)
= Exp(a + b × X40 + 2 × s)
= Exp(a + b × 57 + 2 × s)
= Exp(4.8973 + -0.0086 × 57 + 2 × 0.1178)
= Exp(4.6411)
= $103.66
Bottom border of price channel:
Exp(Y40)
= Exp(a + b × X40 – 2 × s)
= Exp(a + b × 57 – 2 × s)
= Exp(4.8973 + -0.0086 × 57 – 2 × 0.1178)
= Exp(4.1699)
= $64.71
April 8, 2025 calculations
Top border of price channel:
Exp(Y110)
= Exp(a + b × X110 + 2 × s)
= Exp(a + b × 162 + 2 × s)
= Exp(4.8973 + -0.0086 × 162 + 2 × 0.1178)
= Exp(3.7352)
= $41.90
Bottom border of price channel:
Exp(Y110)
= Exp(a + b × X110 – 2 × s)
= Exp(a + b × 162 – 2 × s)
= Exp(4.8973 + -0.0086 × 162 – 2 × 0.1178)
= Exp(3.2640)
= $26.16
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 95.71% per annum.
- ECG price at the close of April 25, 2025 was $40.85 and was higher than the top border of the primary price channel by $4.67 (12.90%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 27, 2025
End date: April 25, 2025
a = 3.7808
b = -0.0009
s = 0.0484
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0484) – 1
= 21.38%
February 27, 2025 calculations
Top border of price channel:
Exp(Y82)
= Exp(a + b × X82 + 2 × s)
= Exp(a + b × 122 + 2 × s)
= Exp(3.7808 + -0.0009 × 122 + 2 × 0.0484)
= Exp(3.7664)
= $43.22
Bottom border of price channel:
Exp(Y82)
= Exp(a + b × X82 – 2 × s)
= Exp(a + b × 122 – 2 × s)
= Exp(3.7808 + -0.0009 × 122 – 2 × 0.0484)
= Exp(3.5727)
= $35.61
April 25, 2025 calculations
Top border of price channel:
Exp(Y122)
= Exp(a + b × X122 + 2 × s)
= Exp(a + b × 179 + 2 × s)
= Exp(3.7808 + -0.0009 × 179 + 2 × 0.0484)
= Exp(3.7145)
= $41.04
Bottom border of price channel:
Exp(Y122)
= Exp(a + b × X122 – 2 × s)
= Exp(a + b × 179 – 2 × s)
= Exp(3.7808 + -0.0009 × 179 – 2 × 0.0484)
= Exp(3.5207)
= $33.81
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.30% per annum.
- ECG price at the close of April 25, 2025 was inside the secondary price channel.