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 decreasing.
- The decline rate of the primary trend is 31.39% per annum.
- HLX price at the close of April 1, 2025 was $8.48 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 53.24% per annum.
- HLX price at the close of April 1, 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 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: April 2, 2024
End date: April 1, 2025
a = 4.0062
b = -0.0010
s = 0.0701
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -31.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0701) – 1
= 32.38%
April 2, 2024 calculations
Top border of price channel:
Exp(Y1,005)
= Exp(a + b × X1,005 + 2 × s)
= Exp(a + b × 1,461 + 2 × s)
= Exp(4.0062 + -0.0010 × 1,461 + 2 × 0.0701)
= Exp(2.6385)
= $13.99
Bottom border of price channel:
Exp(Y1,005)
= Exp(a + b × X1,005 – 2 × s)
= Exp(a + b × 1,461 – 2 × s)
= Exp(4.0062 + -0.0010 × 1,461 – 2 × 0.0701)
= Exp(2.3580)
= $10.57
April 1, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.0062 + -0.0010 × 1,825 + 2 × 0.0701)
= Exp(2.2628)
= $9.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.0062 + -0.0010 × 1,825 – 2 × 0.0701)
= Exp(1.9823)
= $7.26
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 31.39% per annum.
- HLX price at the close of April 1, 2025 was $8.48 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: April 1, 2025
a = 5.8466
b = -0.0021
s = 0.0538
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0021) – 1
= -53.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0538) – 1
= 23.99%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(5.8466 + -0.0021 × 1,679 + 2 × 0.0538)
= Exp(2.4574)
= $11.67
Bottom border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(5.8466 + -0.0021 × 1,679 – 2 × 0.0538)
= Exp(2.2424)
= $9.42
April 1, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.8466 + -0.0021 × 1,825 + 2 × 0.0538)
= Exp(2.1534)
= $8.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.8466 + -0.0021 × 1,825 – 2 × 0.0538)
= Exp(1.9384)
= $6.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 53.24% per annum.
- HLX price at the close of April 1, 2025 was inside the secondary price channel.