Henry Schein Inc (HSIC)
Henry Schein, Inc. is an American distributor of health care products and services with a presence in 32 countries.
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 32.99% per annum.
- HSIC price at the close of April 25, 2025 was $65.17 and was higher than the top border of the primary price channel by $37.95 (139.42%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.23% per annum.
- HSIC price at the close of April 25, 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 HSIC 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: February 15, 2022
End date: November 3, 2022
a = 5.2310
b = -0.0011
s = 0.0369
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0369) – 1
= 15.92%
February 15, 2022 calculations
Top border of price channel:
Exp(Y456)
= Exp(a + b × X456 + 2 × s)
= Exp(a + b × 659 + 2 × s)
= Exp(5.2310 + -0.0011 × 659 + 2 × 0.0369)
= Exp(4.5819)
= $97.70
Bottom border of price channel:
Exp(Y456)
= Exp(a + b × X456 – 2 × s)
= Exp(a + b × 659 – 2 × s)
= Exp(5.2310 + -0.0011 × 659 – 2 × 0.0369)
= Exp(4.4342)
= $84.29
November 3, 2022 calculations
Top border of price channel:
Exp(Y637)
= Exp(a + b × X637 + 2 × s)
= Exp(a + b × 920 + 2 × s)
= Exp(5.2310 + -0.0011 × 920 + 2 × 0.0369)
= Exp(4.2956)
= $73.38
Bottom border of price channel:
Exp(Y637)
= Exp(a + b × X637 – 2 × s)
= Exp(a + b × 920 – 2 × s)
= Exp(5.2310 + -0.0011 × 920 – 2 × 0.0369)
= Exp(4.1479)
= $63.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.99% per annum.
- HSIC price at the close of April 25, 2025 was $65.17 and was higher than the top border of the primary price channel by $37.95 (139.42%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 15, 2022
End date: April 25, 2025
a = 4.5013
b = -0.0001
s = 0.0632
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -5.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0632) – 1
= 28.77%
February 15, 2022 calculations
Top border of price channel:
Exp(Y456)
= Exp(a + b × X456 + 2 × s)
= Exp(a + b × 659 + 2 × s)
= Exp(4.5013 + -0.0001 × 659 + 2 × 0.0632)
= Exp(4.5307)
= $92.82
Bottom border of price channel:
Exp(Y456)
= Exp(a + b × X456 – 2 × s)
= Exp(a + b × 659 – 2 × s)
= Exp(4.5013 + -0.0001 × 659 – 2 × 0.0632)
= Exp(4.2778)
= $72.08
April 25, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.5013 + -0.0001 × 1,824 + 2 × 0.0632)
= Exp(4.3592)
= $78.19
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.5013 + -0.0001 × 1,824 – 2 × 0.0632)
= Exp(4.1063)
= $60.72
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.23% per annum.
- HSIC price at the close of April 25, 2025 was inside the secondary price channel.