Patterson Companies Inc (PDCO)
Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company is headquartered in Saint Paul, Minnesota.
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 153.30% per annum.
- PDCO price at the close of April 17, 2025 was $31.33 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.08% per annum.
- PDCO price at the close of April 17, 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 PDCO 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 4, 2024
End date: April 17, 2025
a = -1.0734
b = 0.0025
s = 0.0960
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 153.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0960) – 1
= 46.81%
September 4, 2024 calculations
Top border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 + 2 × s)
= Exp(a + b × 1,591 + 2 × s)
= Exp(-1.0734 + 0.0025 × 1,591 + 2 × 0.0960)
= Exp(3.1698)
= $23.80
Bottom border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 – 2 × s)
= Exp(a + b × 1,591 – 2 × s)
= Exp(-1.0734 + 0.0025 × 1,591 – 2 × 0.0960)
= Exp(2.7858)
= $16.21
April 17, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,816 + 2 × s)
= Exp(-1.0734 + 0.0025 × 1,816 + 2 × 0.0960)
= Exp(3.7427)
= $42.21
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,816 – 2 × s)
= Exp(-1.0734 + 0.0025 × 1,816 – 2 × 0.0960)
= Exp(3.3587)
= $28.75
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 153.30% per annum.
- PDCO price at the close of April 17, 2025 was $31.33 and was inside the primary price channel.
Secondary Trend
Start date: December 17, 2024
End date: April 17, 2025
a = 3.2427
b = 0.0001
s = 0.0027
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0027) – 1
= 1.07%
December 17, 2024 calculations
Top border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(3.2427 + 0.0001 × 1,695 + 2 × 0.0027)
= Exp(3.4337)
= $30.99
Bottom border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(3.2427 + 0.0001 × 1,695 – 2 × 0.0027)
= Exp(3.4231)
= $30.66
April 17, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,816 + 2 × s)
= Exp(3.2427 + 0.0001 × 1,816 + 2 × 0.0027)
= Exp(3.4470)
= $31.41
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,816 – 2 × s)
= Exp(3.2427 + 0.0001 × 1,816 – 2 × 0.0027)
= Exp(3.4363)
= $31.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.08% per annum.
- PDCO price at the close of April 17, 2025 was inside the secondary price channel.