Owens & Minor Inc (OMI)
Owens & Minor, Inc. is a healthcare solutions company in the United States and internationally. The company is headquartered in Richmond, Virginia.
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 40.14% per annum.
- OMI price at the close of May 6, 2025 was $7.71 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.03% per annum.
- OMI price at the close of May 6, 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 OMI 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 26, 2021
End date: November 2, 2023
a = 4.4604
b = -0.0014
s = 0.1811
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1811) – 1
= 106.37%
May 26, 2021 calculations
Top border of price channel:
Exp(Y265)
= Exp(a + b × X265 + 2 × s)
= Exp(a + b × 384 + 2 × s)
= Exp(4.4604 + -0.0014 × 384 + 2 × 0.1811)
= Exp(4.2828)
= $72.45
Bottom border of price channel:
Exp(Y265)
= Exp(a + b × X265 – 2 × s)
= Exp(a + b × 384 – 2 × s)
= Exp(4.4604 + -0.0014 × 384 – 2 × 0.1811)
= Exp(3.5583)
= $35.10
November 2, 2023 calculations
Top border of price channel:
Exp(Y879)
= Exp(a + b × X879 + 2 × s)
= Exp(a + b × 1,274 + 2 × s)
= Exp(4.4604 + -0.0014 × 1,274 + 2 × 0.1811)
= Exp(3.0317)
= $20.73
Bottom border of price channel:
Exp(Y879)
= Exp(a + b × X879 – 2 × s)
= Exp(a + b × 1,274 – 2 × s)
= Exp(4.4604 + -0.0014 × 1,274 – 2 × 0.1811)
= Exp(2.3072)
= $10.05
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.14% per annum.
- OMI price at the close of May 6, 2025 was $7.71 and was inside the primary price channel.
Secondary Trend
Start date: May 26, 2021
End date: January 31, 2025
a = 4.0975
b = -0.0009
s = 0.2180
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2180) – 1
= 139.16%
May 26, 2021 calculations
Top border of price channel:
Exp(Y265)
= Exp(a + b × X265 + 2 × s)
= Exp(a + b × 384 + 2 × s)
= Exp(4.0975 + -0.0009 × 384 + 2 × 0.2180)
= Exp(4.1874)
= $65.85
Bottom border of price channel:
Exp(Y265)
= Exp(a + b × X265 – 2 × s)
= Exp(a + b × 384 – 2 × s)
= Exp(4.0975 + -0.0009 × 384 – 2 × 0.2180)
= Exp(3.3155)
= $27.53
January 31, 2025 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,730 + 2 × s)
= Exp(4.0975 + -0.0009 × 1,730 + 2 × 0.2180)
= Exp(2.9743)
= $19.58
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,730 – 2 × s)
= Exp(4.0975 + -0.0009 × 1,730 – 2 × 0.2180)
= Exp(2.1023)
= $8.18
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 28.03% per annum.
- OMI price at the close of May 6, 2025 was inside the secondary price channel.