GE Vernova LLC (GEV)
GE Vernova LLC, an energy business company, generates electricity.
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 1,144.91% per annum.
- GEV price at the close of November 19, 2024 was $340.00 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 733.96% per annum.
- GEV price at the close of November 19, 2024 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 GEV 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: August 2, 2024
End date: November 19, 2024
a = 4.2156
b = 0.0069
s = 0.0379
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0069) – 1
= 1,144.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0379) – 1
= 16.38%
August 2, 2024 calculations
Top border of price channel:
Exp(Y88)
= Exp(a + b × X88 + 2 × s)
= Exp(a + b × 128 + 2 × s)
= Exp(4.2156 + 0.0069 × 128 + 2 × 0.0379)
= Exp(5.1758)
= $176.94
Bottom border of price channel:
Exp(Y88)
= Exp(a + b × X88 – 2 × s)
= Exp(a + b × 128 – 2 × s)
= Exp(4.2156 + 0.0069 × 128 – 2 × 0.0379)
= Exp(5.0241)
= $152.03
November 19, 2024 calculations
Top border of price channel:
Exp(Y164)
= Exp(a + b × X164 + 2 × s)
= Exp(a + b × 237 + 2 × s)
= Exp(4.2156 + 0.0069 × 237 + 2 × 0.0379)
= Exp(5.9288)
= $375.71
Bottom border of price channel:
Exp(Y164)
= Exp(a + b × X164 – 2 × s)
= Exp(a + b × 237 – 2 × s)
= Exp(4.2156 + 0.0069 × 237 – 2 × 0.0379)
= Exp(5.7771)
= $322.82
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1,144.91% per annum.
- GEV price at the close of November 19, 2024 was $340.00 and was inside the primary price channel.
Secondary Trend
Start date: September 13, 2024
End date: November 19, 2024
a = 4.4494
b = 0.0058
s = 0.0300
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0058) – 1
= 733.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0300) – 1
= 12.75%
September 13, 2024 calculations
Top border of price channel:
Exp(Y117)
= Exp(a + b × X117 + 2 × s)
= Exp(a + b × 170 + 2 × s)
= Exp(4.4494 + 0.0058 × 170 + 2 × 0.0300)
= Exp(5.4973)
= $244.02
Bottom border of price channel:
Exp(Y117)
= Exp(a + b × X117 – 2 × s)
= Exp(a + b × 170 – 2 × s)
= Exp(4.4494 + 0.0058 × 170 – 2 × 0.0300)
= Exp(5.3773)
= $216.43
November 19, 2024 calculations
Top border of price channel:
Exp(Y164)
= Exp(a + b × X164 + 2 × s)
= Exp(a + b × 237 + 2 × s)
= Exp(4.4494 + 0.0058 × 237 + 2 × 0.0300)
= Exp(5.8866)
= $360.18
Bottom border of price channel:
Exp(Y164)
= Exp(a + b × X164 – 2 × s)
= Exp(a + b × 237 – 2 × s)
= Exp(4.4494 + 0.0058 × 237 – 2 × 0.0300)
= Exp(5.7666)
= $319.45
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 733.96% per annum.
- GEV price at the close of November 19, 2024 was inside the secondary price channel.