Solventum Corp. (SOLV)
Solventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. The company is headquartered in Saint Paul, Minnesota.
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 77.03% per annum.
- SOLV price at the close of April 2, 2025 was $76.62 and was higher than the top border of the primary price channel by $59.27 (341.69%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 59.86% per annum.
- SOLV price at the close of April 2, 2025 was inside the secondary price channel.
- 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 SOLV 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: June 3, 2024
End date: July 15, 2024
a = 4.3202
b = -0.0040
s = 0.0162
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0040) – 1
= -77.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0162) – 1
= 6.68%
June 3, 2024 calculations
Top border of price channel:
Exp(Y47)
= Exp(a + b × X47 + 2 × s)
= Exp(a + b × 69 + 2 × s)
= Exp(4.3202 + -0.0040 × 69 + 2 × 0.0162)
= Exp(4.0744)
= $58.82
Bottom border of price channel:
Exp(Y47)
= Exp(a + b × X47 – 2 × s)
= Exp(a + b × 69 – 2 × s)
= Exp(4.3202 + -0.0040 × 69 – 2 × 0.0162)
= Exp(4.0098)
= $55.14
July 15, 2024 calculations
Top border of price channel:
Exp(Y75)
= Exp(a + b × X75 + 2 × s)
= Exp(a + b × 111 + 2 × s)
= Exp(4.3202 + -0.0040 × 111 + 2 × 0.0162)
= Exp(3.9052)
= $49.66
Bottom border of price channel:
Exp(Y75)
= Exp(a + b × X75 – 2 × s)
= Exp(a + b × 111 – 2 × s)
= Exp(4.3202 + -0.0040 × 111 – 2 × 0.0162)
= Exp(3.8406)
= $46.55
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 77.03% per annum.
- SOLV price at the close of April 2, 2025 was $76.62 and was higher than the top border of the primary price channel by $59.27 (341.69%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 3, 2024
End date: April 2, 2025
a = 3.9124
b = 0.0013
s = 0.0671
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0671) – 1
= 30.77%
June 3, 2024 calculations
Top border of price channel:
Exp(Y47)
= Exp(a + b × X47 + 2 × s)
= Exp(a + b × 69 + 2 × s)
= Exp(3.9124 + 0.0013 × 69 + 2 × 0.0671)
= Exp(4.1352)
= $62.50
Bottom border of price channel:
Exp(Y47)
= Exp(a + b × X47 – 2 × s)
= Exp(a + b × 69 – 2 × s)
= Exp(3.9124 + 0.0013 × 69 – 2 × 0.0671)
= Exp(3.8669)
= $47.79
April 2, 2025 calculations
Top border of price channel:
Exp(Y255)
= Exp(a + b × X255 + 2 × s)
= Exp(a + b × 372 + 2 × s)
= Exp(3.9124 + 0.0013 × 372 + 2 × 0.0671)
= Exp(4.5246)
= $92.26
Bottom border of price channel:
Exp(Y255)
= Exp(a + b × X255 – 2 × s)
= Exp(a + b × 372 – 2 × s)
= Exp(3.9124 + 0.0013 × 372 – 2 × 0.0671)
= Exp(4.2563)
= $70.55
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 59.86% per annum.
- SOLV price at the close of April 2, 2025 was inside the secondary price channel.