Service Corporation International (SCI)
Service Corporation International offers death care products and services in the United States and Canada. The company is headquartered in Houston, Texas.
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 0.82% per annum.
- SCI price at the close of January 27, 2025 was $80.36 and was higher than the top border of the primary price channel by $7.04 (9.60%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 32.52% per annum.
- SCI price at the close of January 27, 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 SCI 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 28, 2021
End date: February 12, 2024
a = 4.1197
b = 0.0000
s = 0.0672
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0672) – 1
= 30.83%
July 28, 2021 calculations
Top border of price channel:
Exp(Y378)
= Exp(a + b × X378 + 2 × s)
= Exp(a + b × 547 + 2 × s)
= Exp(4.1197 + 0.0000 × 547 + 2 × 0.0672)
= Exp(4.2663)
= $71.26
Bottom border of price channel:
Exp(Y378)
= Exp(a + b × X378 – 2 × s)
= Exp(a + b × 547 – 2 × s)
= Exp(4.1197 + 0.0000 × 547 – 2 × 0.0672)
= Exp(3.9976)
= $54.47
February 12, 2024 calculations
Top border of price channel:
Exp(Y1,017)
= Exp(a + b × X1,017 + 2 × s)
= Exp(a + b × 1,476 + 2 × s)
= Exp(4.1197 + 0.0000 × 1,476 + 2 × 0.0672)
= Exp(4.2871)
= $72.75
Bottom border of price channel:
Exp(Y1,017)
= Exp(a + b × X1,017 – 2 × s)
= Exp(a + b × 1,476 – 2 × s)
= Exp(4.1197 + 0.0000 × 1,476 – 2 × 0.0672)
= Exp(4.0183)
= $55.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.82% per annum.
- SCI price at the close of January 27, 2025 was $80.36 and was higher than the top border of the primary price channel by $7.04 (9.60%).
Secondary Trend
Start date: August 7, 2023
End date: December 31, 2024
a = 3.0508
b = 0.0008
s = 0.0528
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0528) – 1
= 23.50%
August 7, 2023 calculations
Top border of price channel:
Exp(Y887)
= Exp(a + b × X887 + 2 × s)
= Exp(a + b × 1,287 + 2 × s)
= Exp(3.0508 + 0.0008 × 1,287 + 2 × 0.0528)
= Exp(4.1492)
= $63.39
Bottom border of price channel:
Exp(Y887)
= Exp(a + b × X887 – 2 × s)
= Exp(a + b × 1,287 – 2 × s)
= Exp(3.0508 + 0.0008 × 1,287 – 2 × 0.0528)
= Exp(3.9382)
= $51.32
December 31, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(3.0508 + 0.0008 × 1,799 + 2 × 0.0528)
= Exp(4.5442)
= $94.09
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(3.0508 + 0.0008 × 1,799 – 2 × 0.0528)
= Exp(4.3332)
= $76.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 32.52% per annum.
- SCI price at the close of January 27, 2025 was inside the secondary price channel.