Thermo Fisher Scientific Inc (TMO)
Thermo Fisher Scientific is an American provisioner of scientific instrumentation, reagents and consumables, and software and services to healthcare, life science, and other laboratories in academia, government, and industry (including in the biotechnology and pharmaceutical sectors). Based in Waltham, Massachusetts, Thermo Fisher was created in 2006 by the merger of Thermo Electron and Fisher Scientific, to form a company with US$ 9 billion in combined revenues.
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 6.55% per annum.
- TMO price at the close of March 31, 2025 was $497.60 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.03% per annum.
- TMO price at the close of March 31, 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 TMO 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: July 29, 2021
End date: January 5, 2024
a = 6.4756
b = -0.0002
s = 0.0593
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0593) – 1
= 26.79%
July 29, 2021 calculations
Top border of price channel:
Exp(Y334)
= Exp(a + b × X334 + 2 × s)
= Exp(a + b × 484 + 2 × s)
= Exp(6.4756 + -0.0002 × 484 + 2 × 0.0593)
= Exp(6.5045)
= $668.13
Bottom border of price channel:
Exp(Y334)
= Exp(a + b × X334 – 2 × s)
= Exp(a + b × 484 – 2 × s)
= Exp(6.4756 + -0.0002 × 484 – 2 × 0.0593)
= Exp(6.2671)
= $526.95
January 5, 2024 calculations
Top border of price channel:
Exp(Y947)
= Exp(a + b × X947 + 2 × s)
= Exp(a + b × 1,374 + 2 × s)
= Exp(6.4756 + -0.0002 × 1,374 + 2 × 0.0593)
= Exp(6.3394)
= $566.46
Bottom border of price channel:
Exp(Y947)
= Exp(a + b × X947 – 2 × s)
= Exp(a + b × 1,374 – 2 × s)
= Exp(6.4756 + -0.0002 × 1,374 – 2 × 0.0593)
= Exp(6.1020)
= $446.75
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 6.55% per annum.
- TMO price at the close of March 31, 2025 was $497.60 and was inside the primary price channel.
Secondary Trend
Start date: February 11, 2022
End date: March 10, 2025
a = 6.2670
b = 0.0000
s = 0.0647
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0647) – 1
= 29.55%
February 11, 2022 calculations
Top border of price channel:
Exp(Y471)
= Exp(a + b × X471 + 2 × s)
= Exp(a + b × 681 + 2 × s)
= Exp(6.2670 + 0.0000 × 681 + 2 × 0.0647)
= Exp(6.4156)
= $611.28
Bottom border of price channel:
Exp(Y471)
= Exp(a + b × X471 – 2 × s)
= Exp(a + b × 681 – 2 × s)
= Exp(6.2670 + 0.0000 × 681 – 2 × 0.0647)
= Exp(6.1567)
= $471.86
March 10, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(6.2670 + 0.0000 × 1,804 + 2 × 0.0647)
= Exp(6.4471)
= $630.85
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(6.2670 + 0.0000 × 1,804 – 2 × 0.0647)
= Exp(6.1882)
= $486.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.03% per annum.
- TMO price at the close of March 31, 2025 was inside the secondary price channel.