Las Vegas Sands Corp (LVS)
Las Vegas Sands Corporation is an American casino and resort company based in Paradise, Nevada, United States. Its resorts feature accommodations, gambling and entertainment, convention and exhibition facilities, restaurants and clubs, as well as an art and science museum in Singapore.
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 17.65% per annum.
- LVS price at the close of November 20, 2024 was $49.91 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.61% per annum.
- LVS price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $3.67 (7.94%). This indicates a possible reversal in the secondary trend direction.
- 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 LVS 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: July 29, 2021
End date: April 17, 2024
a = 3.2911
b = 0.0004
s = 0.1361
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1361) – 1
= 72.37%
July 29, 2021 calculations
Top border of price channel:
Exp(Y423)
= Exp(a + b × X423 + 2 × s)
= Exp(a + b × 616 + 2 × s)
= Exp(3.2911 + 0.0004 × 616 + 2 × 0.1361)
= Exp(3.8377)
= $46.42
Bottom border of price channel:
Exp(Y423)
= Exp(a + b × X423 – 2 × s)
= Exp(a + b × 616 – 2 × s)
= Exp(3.2911 + 0.0004 × 616 – 2 × 0.1361)
= Exp(3.2932)
= $26.93
April 17, 2024 calculations
Top border of price channel:
Exp(Y1,106)
= Exp(a + b × X1,106 + 2 × s)
= Exp(a + b × 1,609 + 2 × s)
= Exp(3.2911 + 0.0004 × 1,609 + 2 × 0.1361)
= Exp(4.2799)
= $72.23
Bottom border of price channel:
Exp(Y1,106)
= Exp(a + b × X1,106 – 2 × s)
= Exp(a + b × 1,609 – 2 × s)
= Exp(3.2911 + 0.0004 × 1,609 – 2 × 0.1361)
= Exp(3.7354)
= $41.91
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 17.65% per annum.
- LVS price at the close of November 20, 2024 was $49.91 and was inside the primary price channel.
Secondary Trend
Start date: January 9, 2023
End date: September 25, 2024
a = 4.7229
b = -0.0006
s = 0.0705
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0705) – 1
= 32.58%
January 9, 2023 calculations
Top border of price channel:
Exp(Y787)
= Exp(a + b × X787 + 2 × s)
= Exp(a + b × 1,145 + 2 × s)
= Exp(4.7229 + -0.0006 × 1,145 + 2 × 0.0705)
= Exp(4.2180)
= $67.90
Bottom border of price channel:
Exp(Y787)
= Exp(a + b × X787 – 2 × s)
= Exp(a + b × 1,145 – 2 × s)
= Exp(4.7229 + -0.0006 × 1,145 – 2 × 0.0705)
= Exp(3.9360)
= $51.21
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(4.7229 + -0.0006 × 1,770 + 2 × 0.0705)
= Exp(3.8654)
= $47.72
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(4.7229 + -0.0006 × 1,770 – 2 × 0.0705)
= Exp(3.5834)
= $36.00
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.61% per annum.
- LVS price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $3.67 (7.94%). This indicates a possible reversal in the secondary trend direction.