Enhabit Inc. (EHAB)
Enhabit, Inc. provides home health and hospice services in the United States.
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 47.08% per annum.
- EHAB price at the close of November 19, 2024 was $7.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 114.60% per annum.
- EHAB price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 EHAB 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: March 12, 2024
End date: November 5, 2024
a = 3.4756
b = -0.0017
s = 0.0645
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -47.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0645) – 1
= 29.41%
March 12, 2024 calculations
Top border of price channel:
Exp(Y425)
= Exp(a + b × X425 + 2 × s)
= Exp(a + b × 620 + 2 × s)
= Exp(3.4756 + -0.0017 × 620 + 2 × 0.0645)
= Exp(2.5236)
= $12.47
Bottom border of price channel:
Exp(Y425)
= Exp(a + b × X425 – 2 × s)
= Exp(a + b × 620 – 2 × s)
= Exp(3.4756 + -0.0017 × 620 – 2 × 0.0645)
= Exp(2.2658)
= $9.64
November 5, 2024 calculations
Top border of price channel:
Exp(Y590)
= Exp(a + b × X590 + 2 × s)
= Exp(a + b × 858 + 2 × s)
= Exp(3.4756 + -0.0017 × 858 + 2 × 0.0645)
= Exp(2.1087)
= $8.24
Bottom border of price channel:
Exp(Y590)
= Exp(a + b × X590 – 2 × s)
= Exp(a + b × 858 – 2 × s)
= Exp(3.4756 + -0.0017 × 858 – 2 × 0.0645)
= Exp(1.8509)
= $6.37
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.08% per annum.
- EHAB price at the close of November 19, 2024 was $7.27 and was inside the primary price channel.
Secondary Trend
Start date: October 7, 2024
End date: November 14, 2024
a = 0.2178
b = 0.0021
s = 0.0350
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 114.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0350) – 1
= 15.03%
October 7, 2024 calculations
Top border of price channel:
Exp(Y569)
= Exp(a + b × X569 + 2 × s)
= Exp(a + b × 829 + 2 × s)
= Exp(0.2178 + 0.0021 × 829 + 2 × 0.0350)
= Exp(2.0221)
= $7.55
Bottom border of price channel:
Exp(Y569)
= Exp(a + b × X569 – 2 × s)
= Exp(a + b × 829 – 2 × s)
= Exp(0.2178 + 0.0021 × 829 – 2 × 0.0350)
= Exp(1.8821)
= $6.57
November 14, 2024 calculations
Top border of price channel:
Exp(Y597)
= Exp(a + b × X597 + 2 × s)
= Exp(a + b × 867 + 2 × s)
= Exp(0.2178 + 0.0021 × 867 + 2 × 0.0350)
= Exp(2.1016)
= $8.18
Bottom border of price channel:
Exp(Y597)
= Exp(a + b × X597 – 2 × s)
= Exp(a + b × 867 – 2 × s)
= Exp(0.2178 + 0.0021 × 867 – 2 × 0.0350)
= Exp(1.9616)
= $7.11
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 114.60% per annum.
- EHAB price at the close of November 19, 2024 was inside the secondary price channel.