FMC Corporation (FMC)
FMC Corporation (Food Machinery and Chemical Corporation) is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania.
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 28.96% per annum.
- FMC price at the close of December 2, 2024 was $59.38 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.75% per annum.
- FMC price at the close of December 2, 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 FMC 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 3, 2022
End date: December 2, 2024
a = 5.6484
b = -0.0009
s = 0.1661
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1661) – 1
= 94.31%
March 3, 2022 calculations
Top border of price channel:
Exp(Y566)
= Exp(a + b × X566 + 2 × s)
= Exp(a + b × 821 + 2 × s)
= Exp(5.6484 + -0.0009 × 821 + 2 × 0.1661)
= Exp(5.2115)
= $183.36
Bottom border of price channel:
Exp(Y566)
= Exp(a + b × X566 – 2 × s)
= Exp(a + b × 821 – 2 × s)
= Exp(5.6484 + -0.0009 × 821 – 2 × 0.1661)
= Exp(4.5472)
= $94.37
December 2, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.6484 + -0.0009 × 1,826 + 2 × 0.1661)
= Exp(4.2699)
= $71.52
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.6484 + -0.0009 × 1,826 – 2 × 0.1661)
= Exp(3.6057)
= $36.81
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.96% per annum.
- FMC price at the close of December 2, 2024 was $59.38 and was inside the primary price channel.
Secondary Trend
Start date: October 23, 2023
End date: December 2, 2024
a = 3.4503
b = 0.0004
s = 0.0617
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0617) – 1
= 27.99%
October 23, 2023 calculations
Top border of price channel:
Exp(Y978)
= Exp(a + b × X978 + 2 × s)
= Exp(a + b × 1,420 + 2 × s)
= Exp(3.4503 + 0.0004 × 1,420 + 2 × 0.0617)
= Exp(4.1089)
= $60.88
Bottom border of price channel:
Exp(Y978)
= Exp(a + b × X978 – 2 × s)
= Exp(a + b × 1,420 – 2 × s)
= Exp(3.4503 + 0.0004 × 1,420 – 2 × 0.0617)
= Exp(3.8621)
= $47.57
December 2, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.4503 + 0.0004 × 1,826 + 2 × 0.0617)
= Exp(4.2619)
= $70.94
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4503 + 0.0004 × 1,826 – 2 × 0.0617)
= Exp(4.0151)
= $55.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.75% per annum.
- FMC price at the close of December 2, 2024 was inside the secondary price channel.