Sempra Energy (SRE)
Sempra Energy is a North American energy infrastructure company based in San Diego, California. Sempra Energy's focus is on electric and natural gas infrastructure. Its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California; Oncor Electric Delivery Company (Oncor) in Texas; Sempra LNG; and IEnova, based in Mexico.
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 38.39% per annum.
- SRE price at the close of November 20, 2024 was $93.12 and was higher than the top border of the primary price channel by $2.98 (3.30%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 51.99% per annum.
- SRE price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $0.49 (0.53%).
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 SRE 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: February 5, 2024
End date: October 31, 2024
a = 2.8345
b = 0.0009
s = 0.0207
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0207) – 1
= 8.65%
February 5, 2024 calculations
Top border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 + 2 × s)
= Exp(a + b × 1,537 + 2 × s)
= Exp(2.8345 + 0.0009 × 1,537 + 2 × 0.0207)
= Exp(4.2441)
= $69.70
Bottom border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 – 2 × s)
= Exp(a + b × 1,537 – 2 × s)
= Exp(2.8345 + 0.0009 × 1,537 – 2 × 0.0207)
= Exp(4.1612)
= $64.15
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(2.8345 + 0.0009 × 1,806 + 2 × 0.0207)
= Exp(4.4836)
= $88.55
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(2.8345 + 0.0009 × 1,806 – 2 × 0.0207)
= Exp(4.4007)
= $81.50
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.39% per annum.
- SRE price at the close of November 20, 2024 was $93.12 and was higher than the top border of the primary price channel by $2.98 (3.30%).
Secondary Trend
Start date: June 7, 2024
End date: November 20, 2024
a = 2.3899
b = 0.0011
s = 0.0221
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0221) – 1
= 9.24%
June 7, 2024 calculations
Top border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 + 2 × s)
= Exp(a + b × 1,660 + 2 × s)
= Exp(2.3899 + 0.0011 × 1,660 + 2 × 0.0221)
= Exp(4.3382)
= $76.57
Bottom border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 – 2 × s)
= Exp(a + b × 1,660 – 2 × s)
= Exp(2.3899 + 0.0011 × 1,660 – 2 × 0.0221)
= Exp(4.2498)
= $70.09
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.3899 + 0.0011 × 1,826 + 2 × 0.0221)
= Exp(4.5286)
= $92.63
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3899 + 0.0011 × 1,826 – 2 × 0.0221)
= Exp(4.4402)
= $84.79
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 51.99% per annum.
- SRE price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $0.49 (0.53%).