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 3.39% per annum.
- HSIC price at the close of January 27, 2025 was $76.69 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 684.63% per annum.
- HSIC price at the close of January 27, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: May 4, 2021
End date: January 24, 2025
a = 4.4344
b = -0.0001
s = 0.0616
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0616) – 1
= 27.97%
May 4, 2021 calculations
Top border of price channel:
Exp(Y319)
= Exp(a + b × X319 + 2 × s)
= Exp(a + b × 462 + 2 × s)
= Exp(4.4344 + -0.0001 × 462 + 2 × 0.0616)
= Exp(4.5140)
= $91.29
Bottom border of price channel:
Exp(Y319)
= Exp(a + b × X319 – 2 × s)
= Exp(a + b × 462 – 2 × s)
= Exp(4.4344 + -0.0001 × 462 – 2 × 0.0616)
= Exp(4.2674)
= $71.34
January 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.4344 + -0.0001 × 1,823 + 2 × 0.0616)
= Exp(4.3855)
= $80.27
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.4344 + -0.0001 × 1,823 – 2 × 0.0616)
= Exp(4.1389)
= $62.73
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.39% per annum.
- HSIC price at the close of January 27, 2025 was $76.69 and was inside the primary price channel.
Secondary Trend
Start date: January 10, 2025
End date: January 27, 2025
a = -5.9669
b = 0.0056
s = 0.0050
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0056) – 1
= 684.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0050) – 1
= 2.02%
January 10, 2025 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,809 + 2 × s)
= Exp(-5.9669 + 0.0056 × 1,809 + 2 × 0.0050)
= Exp(4.2530)
= $70.32
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,809 – 2 × s)
= Exp(-5.9669 + 0.0056 × 1,809 – 2 × 0.0050)
= Exp(4.2330)
= $68.92
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-5.9669 + 0.0056 × 1,826 + 2 × 0.0050)
= Exp(4.3490)
= $77.40
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.9669 + 0.0056 × 1,826 – 2 × 0.0050)
= Exp(4.3289)
= $75.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 684.63% per annum.
- HSIC price at the close of January 27, 2025 was inside the secondary price channel.