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.