Parsons Corp (PSN)
Parsons Corporation provides technology-based solutions in defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company is headquartered in Centreville, Virginia.
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 68.04% per annum.
- PSN price at the close of January 28, 2025 was $80.05 and was lower than the bottom border of the primary price channel by $20.99 (20.78%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.17% per annum.
- PSN price at the close of January 28, 2025 was lower than the bottom border of the secondary price channel by $1.63 (2.00%).
- 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 PSN 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: January 5, 2023
End date: December 6, 2024
a = 2.1458
b = 0.0014
s = 0.0635
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0635) – 1
= 28.90%
January 5, 2023 calculations
Top border of price channel:
Exp(Y740)
= Exp(a + b × X740 + 2 × s)
= Exp(a + b × 1,072 + 2 × s)
= Exp(2.1458 + 0.0014 × 1,072 + 2 × 0.0635)
= Exp(3.7971)
= $44.57
Bottom border of price channel:
Exp(Y740)
= Exp(a + b × X740 – 2 × s)
= Exp(a + b × 1,072 – 2 × s)
= Exp(2.1458 + 0.0014 × 1,072 – 2 × 0.0635)
= Exp(3.5433)
= $34.58
December 6, 2024 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,773 + 2 × s)
= Exp(2.1458 + 0.0014 × 1,773 + 2 × 0.0635)
= Exp(4.7940)
= $120.79
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,773 – 2 × s)
= Exp(2.1458 + 0.0014 × 1,773 – 2 × 0.0635)
= Exp(4.5402)
= $93.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 68.04% per annum.
- PSN price at the close of January 28, 2025 was $80.05 and was lower than the bottom border of the primary price channel by $20.99 (20.78%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 1, 2024
End date: January 28, 2025
a = 7.8696
b = -0.0019
s = 0.0409
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -49.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0409) – 1
= 17.78%
October 1, 2024 calculations
Top border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 + 2 × s)
= Exp(a + b × 1,707 + 2 × s)
= Exp(7.8696 + -0.0019 × 1,707 + 2 × 0.0409)
= Exp(4.7871)
= $119.95
Bottom border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 – 2 × s)
= Exp(a + b × 1,707 – 2 × s)
= Exp(7.8696 + -0.0019 × 1,707 – 2 × 0.0409)
= Exp(4.6234)
= $101.84
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(7.8696 + -0.0019 × 1,826 + 2 × 0.0409)
= Exp(4.5665)
= $96.20
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.8696 + -0.0019 × 1,826 – 2 × 0.0409)
= Exp(4.4028)
= $81.68
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.17% per annum.
- PSN price at the close of January 28, 2025 was lower than the bottom border of the secondary price channel by $1.63 (2.00%).