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 increasing.
- The growth rate of the primary trend is 40.46% per annum.
- ECG price at the close of January 28, 2025 was $67.99 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,449.02% per annum.
- ECG price at the close of January 28, 2025 was lower than the bottom border of the secondary price channel by $6.94 (9.26%). This indicates a possible reversal in the secondary trend direction.
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: November 21, 2024
End date: January 17, 2025
a = 4.1607
b = 0.0009
s = 0.0320
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0320) – 1
= 13.66%
November 21, 2024 calculations
Top border of price channel:
Exp(Y18)
= Exp(a + b × X18 + 2 × s)
= Exp(a + b × 24 + 2 × s)
= Exp(4.1607 + 0.0009 × 24 + 2 × 0.0320)
= Exp(4.2471)
= $69.90
Bottom border of price channel:
Exp(Y18)
= Exp(a + b × X18 – 2 × s)
= Exp(a + b × 24 – 2 × s)
= Exp(4.1607 + 0.0009 × 24 – 2 × 0.0320)
= Exp(4.1190)
= $61.50
January 17, 2025 calculations
Top border of price channel:
Exp(Y55)
= Exp(a + b × X55 + 2 × s)
= Exp(a + b × 81 + 2 × s)
= Exp(4.1607 + 0.0009 × 81 + 2 × 0.0320)
= Exp(4.3002)
= $73.71
Bottom border of price channel:
Exp(Y55)
= Exp(a + b × X55 – 2 × s)
= Exp(a + b × 81 – 2 × s)
= Exp(4.1607 + 0.0009 × 81 – 2 × 0.0320)
= Exp(4.1721)
= $64.85
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.46% per annum.
- ECG price at the close of January 28, 2025 was $67.99 and was inside the primary price channel.
Secondary Trend
Start date: January 8, 2025
End date: January 24, 2025
a = 3.4075
b = 0.0105
s = 0.0266
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0105) – 1
= 4,449.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0266) – 1
= 11.22%
January 8, 2025 calculations
Top border of price channel:
Exp(Y49)
= Exp(a + b × X49 + 2 × s)
= Exp(a + b × 72 + 2 × s)
= Exp(3.4075 + 0.0105 × 72 + 2 × 0.0266)
= Exp(4.2137)
= $67.61
Bottom border of price channel:
Exp(Y49)
= Exp(a + b × X49 – 2 × s)
= Exp(a + b × 72 – 2 × s)
= Exp(3.4075 + 0.0105 × 72 – 2 × 0.0266)
= Exp(4.1074)
= $60.79
January 24, 2025 calculations
Top border of price channel:
Exp(Y59)
= Exp(a + b × X59 + 2 × s)
= Exp(a + b × 88 + 2 × s)
= Exp(3.4075 + 0.0105 × 88 + 2 × 0.0266)
= Exp(4.3811)
= $79.92
Bottom border of price channel:
Exp(Y59)
= Exp(a + b × X59 – 2 × s)
= Exp(a + b × 88 – 2 × s)
= Exp(3.4075 + 0.0105 × 88 – 2 × 0.0266)
= Exp(4.2747)
= $71.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,449.02% per annum.
- ECG price at the close of January 28, 2025 was lower than the bottom border of the secondary price channel by $6.94 (9.26%). This indicates a possible reversal in the secondary trend direction.