Heidrick & Struggles International (HSII)
Heidrick & Struggles International, Inc., provides executive search and consulting services to companies and business leaders worldwide. The company is headquartered in Chicago, Illinois.
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 52.94% per annum.
- HSII price at the close of November 19, 2024 was $44.82 and was higher than the top border of the primary price channel by $0.43 (0.96%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 742.32% per annum.
- HSII price at the close of November 19, 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 HSII 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: September 5, 2023
End date: November 5, 2024
a = 1.5713
b = 0.0012
s = 0.0482
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0482) – 1
= 21.24%
September 5, 2023 calculations
Top border of price channel:
Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(1.5713 + 0.0012 × 1,385 + 2 × 0.0482)
= Exp(3.2798)
= $26.57
Bottom border of price channel:
Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(1.5713 + 0.0012 × 1,385 – 2 × 0.0482)
= Exp(3.0872)
= $21.91
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(1.5713 + 0.0012 × 1,812 + 2 × 0.0482)
= Exp(3.7768)
= $43.68
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(1.5713 + 0.0012 × 1,812 – 2 × 0.0482)
= Exp(3.5842)
= $36.02
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.94% per annum.
- HSII price at the close of November 19, 2024 was $44.82 and was higher than the top border of the primary price channel by $0.43 (0.96%).
Secondary Trend
Start date: October 3, 2024
End date: November 19, 2024
a = -6.8214
b = 0.0058
s = 0.0456
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0058) – 1
= 742.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0456) – 1
= 20.01%
October 3, 2024 calculations
Top border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 + 2 × s)
= Exp(a + b × 1,779 + 2 × s)
= Exp(-6.8214 + 0.0058 × 1,779 + 2 × 0.0456)
= Exp(3.6562)
= $38.71
Bottom border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 – 2 × s)
= Exp(a + b × 1,779 – 2 × s)
= Exp(-6.8214 + 0.0058 × 1,779 – 2 × 0.0456)
= Exp(3.4738)
= $32.26
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(-6.8214 + 0.0058 × 1,826 + 2 × 0.0456)
= Exp(3.9306)
= $50.94
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.8214 + 0.0058 × 1,826 – 2 × 0.0456)
= Exp(3.7482)
= $42.44
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 742.32% per annum.
- HSII price at the close of November 19, 2024 was inside the secondary price channel.