Sylvamo Corp (SLVM)
None
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 97.23% per annum.
- SLVM price at the close of November 20, 2024 was $87.38 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.87% per annum.
- SLVM 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 SLVM 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: August 9, 2023
End date: November 20, 2024
a = 2.3525
b = 0.0019
s = 0.0525
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0525) – 1
= 23.35%
August 9, 2023 calculations
Top border of price channel:
Exp(Y471)
= Exp(a + b × X471 + 2 × s)
= Exp(a + b × 685 + 2 × s)
= Exp(2.3525 + 0.0019 × 685 + 2 × 0.0525)
= Exp(3.7321)
= $41.77
Bottom border of price channel:
Exp(Y471)
= Exp(a + b × X471 – 2 × s)
= Exp(a + b × 685 – 2 × s)
= Exp(2.3525 + 0.0019 × 685 – 2 × 0.0525)
= Exp(3.5222)
= $33.86
November 20, 2024 calculations
Top border of price channel:
Exp(Y795)
= Exp(a + b × X795 + 2 × s)
= Exp(a + b × 1,154 + 2 × s)
= Exp(2.3525 + 0.0019 × 1,154 + 2 × 0.0525)
= Exp(4.6048)
= $99.96
Bottom border of price channel:
Exp(Y795)
= Exp(a + b × X795 – 2 × s)
= Exp(a + b × 1,154 – 2 × s)
= Exp(2.3525 + 0.0019 × 1,154 – 2 × 0.0525)
= Exp(4.3949)
= $81.04
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 97.23% per annum.
- SLVM price at the close of November 20, 2024 was $87.38 and was inside the primary price channel.
Secondary Trend
Start date: February 26, 2024
End date: November 20, 2024
a = 2.6051
b = 0.0016
s = 0.0431
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 80.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0431) – 1
= 18.84%
February 26, 2024 calculations
Top border of price channel:
Exp(Y608)
= Exp(a + b × X608 + 2 × s)
= Exp(a + b × 886 + 2 × s)
= Exp(2.6051 + 0.0016 × 886 + 2 × 0.0431)
= Exp(4.1299)
= $62.17
Bottom border of price channel:
Exp(Y608)
= Exp(a + b × X608 – 2 × s)
= Exp(a + b × 886 – 2 × s)
= Exp(2.6051 + 0.0016 × 886 – 2 × 0.0431)
= Exp(3.9573)
= $52.32
November 20, 2024 calculations
Top border of price channel:
Exp(Y795)
= Exp(a + b × X795 + 2 × s)
= Exp(a + b × 1,154 + 2 × s)
= Exp(2.6051 + 0.0016 × 1,154 + 2 × 0.0431)
= Exp(4.5650)
= $96.07
Bottom border of price channel:
Exp(Y795)
= Exp(a + b × X795 – 2 × s)
= Exp(a + b × 1,154 – 2 × s)
= Exp(2.6051 + 0.0016 × 1,154 – 2 × 0.0431)
= Exp(4.3924)
= $80.84
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.87% per annum.
- SLVM price at the close of November 20, 2024 was inside the secondary price channel.