Helix Energy Solutions Group Inc (HLX)
Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialized services to the offshore energy industry primarily in the regions of Brazil, the Gulf of Mexico, the North Sea, Asia Pacific and Africa. Western. The company is headquartered in Houston, Texas.
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 61.14% per annum.
- HLX price at the close of November 22, 2024 was $11.36 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.97% per annum.
- HLX price at the close of November 22, 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 HLX 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 13, 2021
End date: August 1, 2024
a = 0.3290
b = 0.0013
s = 0.1668
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 61.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1668) – 1
= 94.85%
August 13, 2021 calculations
Top border of price channel:
Exp(Y432)
= Exp(a + b × X432 + 2 × s)
= Exp(a + b × 627 + 2 × s)
= Exp(0.3290 + 0.0013 × 627 + 2 × 0.1668)
= Exp(1.4822)
= $4.40
Bottom border of price channel:
Exp(Y432)
= Exp(a + b × X432 – 2 × s)
= Exp(a + b × 627 – 2 × s)
= Exp(0.3290 + 0.0013 × 627 – 2 × 0.1668)
= Exp(0.8151)
= $2.26
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 + 2 × s)
= Exp(a + b × 1,711 + 2 × s)
= Exp(0.3290 + 0.0013 × 1,711 + 2 × 0.1668)
= Exp(2.8992)
= $18.16
Bottom border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 – 2 × s)
= Exp(a + b × 1,711 – 2 × s)
= Exp(0.3290 + 0.0013 × 1,711 – 2 × 0.1668)
= Exp(2.2321)
= $9.32
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 61.14% per annum.
- HLX price at the close of November 22, 2024 was $11.36 and was inside the primary price channel.
Secondary Trend
Start date: July 27, 2023
End date: November 22, 2024
a = 2.0462
b = 0.0002
s = 0.0792
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0792) – 1
= 37.29%
July 27, 2023 calculations
Top border of price channel:
Exp(Y922)
= Exp(a + b × X922 + 2 × s)
= Exp(a + b × 1,340 + 2 × s)
= Exp(2.0462 + 0.0002 × 1,340 + 2 × 0.0792)
= Exp(2.4518)
= $11.61
Bottom border of price channel:
Exp(Y922)
= Exp(a + b × X922 – 2 × s)
= Exp(a + b × 1,340 – 2 × s)
= Exp(2.0462 + 0.0002 × 1,340 – 2 × 0.0792)
= Exp(2.1349)
= $8.46
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0462 + 0.0002 × 1,824 + 2 × 0.0792)
= Exp(2.5411)
= $12.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0462 + 0.0002 × 1,824 – 2 × 0.0792)
= Exp(2.2242)
= $9.25
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.97% per annum.
- HLX price at the close of November 22, 2024 was inside the secondary price channel.