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 12.52% per annum.
- GEV price at the close of September 6, 2024 was $198.33 and was higher than the top border of the primary price channel by $10.23 (5.44%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 319.20% per annum.
- GEV price at the close of September 6, 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: May 3, 2024
End date: August 13, 2024
a = 5.1095
b = 0.0003
s = 0.0374
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0374) – 1
= 16.12%
May 3, 2024 calculations
Top border of price channel:
Exp(Y26)
= Exp(a + b × X26 + 2 × s)
= Exp(a + b × 37 + 2 × s)
= Exp(5.1095 + 0.0003 × 37 + 2 × 0.0374)
= Exp(5.1962)
= $180.59
Bottom border of price channel:
Exp(Y26)
= Exp(a + b × X26 – 2 × s)
= Exp(a + b × 37 – 2 × s)
= Exp(5.1095 + 0.0003 × 37 – 2 × 0.0374)
= Exp(5.0468)
= $155.52
August 13, 2024 calculations
Top border of price channel:
Exp(Y95)
= Exp(a + b × X95 + 2 × s)
= Exp(a + b × 139 + 2 × s)
= Exp(5.1095 + 0.0003 × 139 + 2 × 0.0374)
= Exp(5.2292)
= $186.64
Bottom border of price channel:
Exp(Y95)
= Exp(a + b × X95 – 2 × s)
= Exp(a + b × 139 – 2 × s)
= Exp(5.1095 + 0.0003 × 139 – 2 × 0.0374)
= Exp(5.0798)
= $160.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 12.52% per annum.
- GEV price at the close of September 6, 2024 was $198.33 and was higher than the top border of the primary price channel by $10.23 (5.44%).
Secondary Trend
Start date: July 17, 2024
End date: September 6, 2024
a = 4.6417
b = 0.0039
s = 0.0300
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0039) – 1
= 319.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0300) – 1
= 12.76%
July 17, 2024 calculations
Top border of price channel:
Exp(Y76)
= Exp(a + b × X76 + 2 × s)
= Exp(a + b × 112 + 2 × s)
= Exp(4.6417 + 0.0039 × 112 + 2 × 0.0300)
= Exp(5.1415)
= $170.96
Bottom border of price channel:
Exp(Y76)
= Exp(a + b × X76 – 2 × s)
= Exp(a + b × 112 – 2 × s)
= Exp(4.6417 + 0.0039 × 112 – 2 × 0.0300)
= Exp(5.0214)
= $151.62
September 6, 2024 calculations
Top border of price channel:
Exp(Y112)
= Exp(a + b × X112 + 2 × s)
= Exp(a + b × 163 + 2 × s)
= Exp(4.6417 + 0.0039 × 163 + 2 × 0.0300)
= Exp(5.3417)
= $208.87
Bottom border of price channel:
Exp(Y112)
= Exp(a + b × X112 – 2 × s)
= Exp(a + b × 163 – 2 × s)
= Exp(4.6417 + 0.0039 × 163 – 2 × 0.0300)
= Exp(5.2216)
= $185.24
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 319.20% per annum.
- GEV price at the close of September 6, 2024 was inside the secondary price channel.