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 3.29% per annum.
- ELV price at the close of July 3, 2025 was $347.84 and was lower than the bottom border of the primary price channel by $12.89 (3.57%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.40% per annum.
- ELV price at the close of July 3, 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: March 2, 2022
End date: July 3, 2025
a = 6.2356
b = -0.0001
s = 0.0901
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0901) – 1
= 43.41%
March 2, 2022 calculations
Top border of price channel:
Exp(Y418)
= Exp(a + b × X418 + 2 × s)
= Exp(a + b × 604 + 2 × s)
= Exp(6.2356 + -0.0001 × 604 + 2 × 0.0901)
= Exp(6.3604)
= $578.50
Bottom border of price channel:
Exp(Y418)
= Exp(a + b × X418 – 2 × s)
= Exp(a + b × 604 – 2 × s)
= Exp(6.2356 + -0.0001 × 604 – 2 × 0.0901)
= Exp(5.9999)
= $403.40
July 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(6.2356 + -0.0001 × 1,823 + 2 × 0.0901)
= Exp(6.2486)
= $517.30
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(6.2356 + -0.0001 × 1,823 – 2 × 0.0901)
= Exp(5.8881)
= $360.73
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.29% per annum.
- ELV price at the close of July 3, 2025 was $347.84 and was lower than the bottom border of the primary price channel by $12.89 (3.57%).
Secondary Trend
Start date: April 18, 2024
End date: July 3, 2025
a = 7.5648
b = -0.0009
s = 0.0800
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0800) – 1
= 37.72%
April 18, 2024 calculations
Top border of price channel:
Exp(Y953)
= Exp(a + b × X953 + 2 × s)
= Exp(a + b × 1,382 + 2 × s)
= Exp(7.5648 + -0.0009 × 1,382 + 2 × 0.0800)
= Exp(6.4600)
= $639.07
Bottom border of price channel:
Exp(Y953)
= Exp(a + b × X953 – 2 × s)
= Exp(a + b × 1,382 – 2 × s)
= Exp(7.5648 + -0.0009 × 1,382 – 2 × 0.0800)
= Exp(6.1399)
= $464.02
July 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(7.5648 + -0.0009 × 1,823 + 2 × 0.0800)
= Exp(6.0564)
= $426.84
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(7.5648 + -0.0009 × 1,823 – 2 × 0.0800)
= Exp(5.7363)
= $309.92
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.40% per annum.
- ELV price at the close of July 3, 2025 was inside the secondary price channel.