Stock Price Trends

Stryker Corporation (SYK)

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

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 27.69% per annum.
  • SYK price at the close of March 31, 2025 was $372.25 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 13.85% per annum.
  • SYK price at the close of March 31, 2025 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 SYK 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 8, 2022
End date: March 7, 2025

a = 4.7954

b = 0.0007

s = 0.0612

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.69%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0612) – 1
= 27.73%

June 8, 2022 calculations

Top border of price channel:

Exp(Y551)
= Exp(a + b × X551 + 2 × s)
= Exp(a + b × 798 + 2 × s)
= Exp(4.7954 + 0.0007 × 798 + 2 × 0.0612)
= Exp(5.4522)
= $233.27

Bottom border of price channel:

Exp(Y551)
= Exp(a + b × X551 – 2 × s)
= Exp(a + b × 798 – 2 × s)
= Exp(4.7954 + 0.0007 × 798 – 2 × 0.0612)
= Exp(5.2075)
= $182.63

March 7, 2025 calculations

Top border of price channel:

Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(4.7954 + 0.0007 × 1,801 + 2 × 0.0612)
= Exp(6.1239)
= $456.65

Bottom border of price channel:

Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(4.7954 + 0.0007 × 1,801 – 2 × 0.0612)
= Exp(5.8792)
= $357.51

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 27.69% per annum.
  • SYK price at the close of March 31, 2025 was $372.25 and was inside the primary price channel.

Secondary Trend

Start date: January 31, 2024
End date: March 31, 2025

a = 5.2979

b = 0.0004

s = 0.0381

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 13.85%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.47%

January 31, 2024 calculations

Top border of price channel:

Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,400 + 2 × s)
= Exp(5.2979 + 0.0004 × 1,400 + 2 × 0.0381)
= Exp(5.8717)
= $354.86

Bottom border of price channel:

Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,400 – 2 × s)
= Exp(5.2979 + 0.0004 × 1,400 – 2 × 0.0381)
= Exp(5.7193)
= $304.68

March 31, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.2979 + 0.0004 × 1,825 + 2 × 0.0381)
= Exp(6.0228)
= $412.72

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.2979 + 0.0004 × 1,825 – 2 × 0.0381)
= Exp(5.8703)
= $354.36

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 13.85% per annum.
  • SYK price at the close of March 31, 2025 was inside the secondary price channel.