HealthEquity Inc (HQY)
HealthEquity, Inc. provides technology-enabled service platforms to consumers and employers in the United States. The company is headquartered in Draper, Utah.
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 24.88% per annum.
- HQY price at the close of November 19, 2024 was $102.67 and was higher than the top border of the primary price channel by $2.02 (2.01%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 196.89% per annum.
- HQY price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.02 (0.02%).
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 HQY 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: December 16, 2022
End date: November 19, 2024
a = 3.3608
b = 0.0006
s = 0.0697
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0697) – 1
= 32.15%
December 16, 2022 calculations
Top border of price channel:
Exp(Y774)
= Exp(a + b × X774 + 2 × s)
= Exp(a + b × 1,122 + 2 × s)
= Exp(3.3608 + 0.0006 × 1,122 + 2 × 0.0697)
= Exp(4.1831)
= $65.57
Bottom border of price channel:
Exp(Y774)
= Exp(a + b × X774 – 2 × s)
= Exp(a + b × 1,122 – 2 × s)
= Exp(3.3608 + 0.0006 × 1,122 – 2 × 0.0697)
= Exp(3.9044)
= $49.62
November 19, 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(3.3608 + 0.0006 × 1,826 + 2 × 0.0697)
= Exp(4.6117)
= $100.65
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3608 + 0.0006 × 1,826 – 2 × 0.0697)
= Exp(4.3329)
= $76.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 24.88% per annum.
- HQY price at the close of November 19, 2024 was $102.67 and was higher than the top border of the primary price channel by $2.02 (2.01%).
Secondary Trend
Start date: August 2, 2024
End date: November 19, 2024
a = -0.8812
b = 0.0030
s = 0.0342
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 196.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0342) – 1
= 14.68%
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,717 + 2 × s)
= Exp(-0.8812 + 0.0030 × 1,717 + 2 × 0.0342)
= Exp(4.3063)
= $74.17
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,717 – 2 × s)
= Exp(-0.8812 + 0.0030 × 1,717 – 2 × 0.0342)
= Exp(4.1693)
= $64.67
November 19, 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(-0.8812 + 0.0030 × 1,826 + 2 × 0.0342)
= Exp(4.6313)
= $102.65
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.8812 + 0.0030 × 1,826 – 2 × 0.0342)
= Exp(4.4943)
= $89.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 196.89% per annum.
- HQY price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.02 (0.02%).