Elevance Health Inc (ELV)
Elevance Health Inc. is a health benefits company. The company is headquartered in Indianapolis, Indiana.
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 0.72% per annum.
- ELV price at the close of April 2, 2025 was $429.33 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.66% per annum.
- ELV price at the close of April 2, 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 ELV 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 15, 2021
End date: April 2, 2025
a = 6.1598
b = 0.0000
s = 0.0878
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0878) – 1
= 42.10%
December 15, 2021 calculations
Top border of price channel:
Exp(Y429)
= Exp(a + b × X429 + 2 × s)
= Exp(a + b × 621 + 2 × s)
= Exp(6.1598 + 0.0000 × 621 + 2 × 0.0878)
= Exp(6.3232)
= $557.33
Bottom border of price channel:
Exp(Y429)
= Exp(a + b × X429 – 2 × s)
= Exp(a + b × 621 – 2 × s)
= Exp(6.1598 + 0.0000 × 621 – 2 × 0.0878)
= Exp(5.9718)
= $392.21
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.1598 + 0.0000 × 1,825 + 2 × 0.0878)
= Exp(6.2993)
= $544.21
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.1598 + 0.0000 × 1,825 – 2 × 0.0878)
= Exp(5.9480)
= $382.97
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 0.72% per annum.
- ELV price at the close of April 2, 2025 was $429.33 and was inside the primary price channel.
Secondary Trend
Start date: April 18, 2024
End date: April 2, 2025
a = 8.0566
b = -0.0012
s = 0.0793
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0793) – 1
= 37.32%
April 18, 2024 calculations
Top border of price channel:
Exp(Y1,016)
= Exp(a + b × X1,016 + 2 × s)
= Exp(a + b × 1,476 + 2 × s)
= Exp(8.0566 + -0.0012 × 1,476 + 2 × 0.0793)
= Exp(6.4942)
= $661.27
Bottom border of price channel:
Exp(Y1,016)
= Exp(a + b × X1,016 – 2 × s)
= Exp(a + b × 1,476 – 2 × s)
= Exp(8.0566 + -0.0012 × 1,476 – 2 × 0.0793)
= Exp(6.1771)
= $481.57
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.0566 + -0.0012 × 1,825 + 2 × 0.0793)
= Exp(6.0872)
= $440.20
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.0566 + -0.0012 × 1,825 – 2 × 0.0793)
= Exp(5.7701)
= $320.57
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.66% per annum.
- ELV price at the close of April 2, 2025 was inside the secondary price channel.