LeMaitre Vascular Inc (LMAT)
LeMaitre Vascular, Inc. designs, markets, sells, services and supports medical devices and implants for the treatment of peripheral vascular diseases worldwide. The company is headquartered in Burlington, Massachusetts.
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 96.74% per annum.
- LMAT price at the close of November 19, 2024 was $103.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 55.51% per annum.
- LMAT 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 LMAT 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: October 11, 2023
End date: November 19, 2024
a = 1.2403
b = 0.0019
s = 0.0473
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 96.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0473) – 1
= 20.84%
October 11, 2023 calculations
Top border of price channel:
Exp(Y978)
= Exp(a + b × X978 + 2 × s)
= Exp(a + b × 1,421 + 2 × s)
= Exp(1.2403 + 0.0019 × 1,421 + 2 × 0.0473)
= Exp(3.9695)
= $52.96
Bottom border of price channel:
Exp(Y978)
= Exp(a + b × X978 – 2 × s)
= Exp(a + b × 1,421 – 2 × s)
= Exp(1.2403 + 0.0019 × 1,421 – 2 × 0.0473)
= Exp(3.7802)
= $43.82
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(1.2403 + 0.0019 × 1,826 + 2 × 0.0473)
= Exp(4.7204)
= $112.21
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.2403 + 0.0019 × 1,826 – 2 × 0.0473)
= Exp(4.5311)
= $92.86
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 96.74% per annum.
- LMAT price at the close of November 19, 2024 was $103.74 and was inside the primary price channel.
Secondary Trend
Start date: May 3, 2024
End date: November 19, 2024
a = 2.3648
b = 0.0012
s = 0.0348
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 55.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0348) – 1
= 14.94%
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 + 2 × s)
= Exp(a + b × 1,626 + 2 × s)
= Exp(2.3648 + 0.0012 × 1,626 + 2 × 0.0348)
= Exp(4.4013)
= $81.56
Bottom border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 – 2 × s)
= Exp(a + b × 1,626 – 2 × s)
= Exp(2.3648 + 0.0012 × 1,626 – 2 × 0.0348)
= Exp(4.2621)
= $70.96
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(2.3648 + 0.0012 × 1,826 + 2 × 0.0348)
= Exp(4.6433)
= $103.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3648 + 0.0012 × 1,826 – 2 × 0.0348)
= Exp(4.5040)
= $90.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 55.51% per annum.
- LMAT price at the close of November 19, 2024 was inside the secondary price channel.