Stock Price Trends

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 increasing.
  • The growth rate of the primary trend is 273.85% per annum.
  • SOLV price at the close of September 6, 2024 was $66.20 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 802.66% per annum.
  • SOLV price at the close of September 6, 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 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 24, 2024
End date: September 6, 2024

a = 3.5705

b = 0.0036

s = 0.0373

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0036) – 1
= 273.85%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0373) – 1
= 16.08%

June 24, 2024 calculations

Top border of price channel:

Exp(Y61)
= Exp(a + b × X61 + 2 × s)
= Exp(a + b × 90 + 2 × s)
= Exp(3.5705 + 0.0036 × 90 + 2 × 0.0373)
= Exp(3.9703)
= $53.00

Bottom border of price channel:

Exp(Y61)
= Exp(a + b × X61 – 2 × s)
= Exp(a + b × 90 – 2 × s)
= Exp(3.5705 + 0.0036 × 90 – 2 × 0.0373)
= Exp(3.8211)
= $45.66

September 6, 2024 calculations

Top border of price channel:

Exp(Y113)
= Exp(a + b × X113 + 2 × s)
= Exp(a + b × 164 + 2 × s)
= Exp(3.5705 + 0.0036 × 164 + 2 × 0.0373)
= Exp(4.2376)
= $69.24

Bottom border of price channel:

Exp(Y113)
= Exp(a + b × X113 – 2 × s)
= Exp(a + b × 164 – 2 × s)
= Exp(3.5705 + 0.0036 × 164 – 2 × 0.0373)
= Exp(4.0885)
= $59.65

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 273.85% per annum.
  • SOLV price at the close of September 6, 2024 was $66.20 and was inside the primary price channel.

Secondary Trend

Start date: August 19, 2024
End date: September 6, 2024

a = 3.1945

b = 0.0060

s = 0.0159

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0060) – 1
= 802.66%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0159) – 1
= 6.58%

August 19, 2024 calculations

Top border of price channel:

Exp(Y100)
= Exp(a + b × X100 + 2 × s)
= Exp(a + b × 146 + 2 × s)
= Exp(3.1945 + 0.0060 × 146 + 2 × 0.0159)
= Exp(4.1065)
= $60.73

Bottom border of price channel:

Exp(Y100)
= Exp(a + b × X100 – 2 × s)
= Exp(a + b × 146 – 2 × s)
= Exp(3.1945 + 0.0060 × 146 – 2 × 0.0159)
= Exp(4.0427)
= $56.98

September 6, 2024 calculations

Top border of price channel:

Exp(Y113)
= Exp(a + b × X113 + 2 × s)
= Exp(a + b × 164 + 2 × s)
= Exp(3.1945 + 0.0060 × 164 + 2 × 0.0159)
= Exp(4.2150)
= $67.69

Bottom border of price channel:

Exp(Y113)
= Exp(a + b × X113 – 2 × s)
= Exp(a + b × 164 – 2 × s)
= Exp(3.1945 + 0.0060 × 164 – 2 × 0.0159)
= Exp(4.1512)
= $63.51

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 802.66% per annum.
  • SOLV price at the close of September 6, 2024 was inside the secondary price channel.