ProPetro Holding Corp (PUMP)
ProPetro Holding Corp. The company is headquartered in Midland, Texas.
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 13.43% per annum.
- PUMP price at the close of November 20, 2024 was $7.81 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 0.97% per annum.
- PUMP price at the close of November 20, 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 PUMP 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 12, 2022
End date: November 20, 2024
a = 2.7460
b = -0.0004
s = 0.1459
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1459) – 1
= 79.25%
January 12, 2022 calculations
Top border of price channel:
Exp(Y539)
= Exp(a + b × X539 + 2 × s)
= Exp(a + b × 783 + 2 × s)
= Exp(2.7460 + -0.0004 × 783 + 2 × 0.1459)
= Exp(2.7285)
= $15.31
Bottom border of price channel:
Exp(Y539)
= Exp(a + b × X539 – 2 × s)
= Exp(a + b × 783 – 2 × s)
= Exp(2.7460 + -0.0004 × 783 – 2 × 0.1459)
= Exp(2.1449)
= $8.54
November 20, 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(2.7460 + -0.0004 × 1,826 + 2 × 0.1459)
= Exp(2.3165)
= $10.14
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.7460 + -0.0004 × 1,826 – 2 × 0.1459)
= Exp(1.7329)
= $5.66
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.43% per annum.
- PUMP price at the close of November 20, 2024 was $7.81 and was inside the primary price channel.
Secondary Trend
Start date: March 9, 2023
End date: November 20, 2024
a = 2.1724
b = 0.0000
s = 0.1224
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1224) – 1
= 63.17%
March 9, 2023 calculations
Top border of price channel:
Exp(Y828)
= Exp(a + b × X828 + 2 × s)
= Exp(a + b × 1,204 + 2 × s)
= Exp(2.1724 + 0.0000 × 1,204 + 2 × 0.1224)
= Exp(2.3850)
= $10.86
Bottom border of price channel:
Exp(Y828)
= Exp(a + b × X828 – 2 × s)
= Exp(a + b × 1,204 – 2 × s)
= Exp(2.1724 + 0.0000 × 1,204 – 2 × 0.1224)
= Exp(1.8954)
= $6.66
November 20, 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(2.1724 + 0.0000 × 1,826 + 2 × 0.1224)
= Exp(2.3684)
= $10.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.1724 + 0.0000 × 1,826 – 2 × 0.1224)
= Exp(1.8788)
= $6.55
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 0.97% per annum.
- PUMP price at the close of November 20, 2024 was inside the secondary price channel.