Veralto Corporation (VLTO)
Veralto Corporation provides water supply services.
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 22.15% per annum.
- VLTO price at the close of November 19, 2024 was $103.98 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 61.16% per annum.
- VLTO price at the close of November 19, 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 VLTO 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: August 15, 2024
End date: November 19, 2024
a = 4.9391
b = -0.0007
s = 0.0267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0267) – 1
= 11.27%
August 15, 2024 calculations
Top border of price channel:
Exp(Y217)
= Exp(a + b × X217 + 2 × s)
= Exp(a + b × 316 + 2 × s)
= Exp(4.9391 + -0.0007 × 316 + 2 × 0.0267)
= Exp(4.7757)
= $118.60
Bottom border of price channel:
Exp(Y217)
= Exp(a + b × X217 – 2 × s)
= Exp(a + b × 316 – 2 × s)
= Exp(4.9391 + -0.0007 × 316 – 2 × 0.0267)
= Exp(4.6689)
= $106.58
November 19, 2024 calculations
Top border of price channel:
Exp(Y284)
= Exp(a + b × X284 + 2 × s)
= Exp(a + b × 412 + 2 × s)
= Exp(4.9391 + -0.0007 × 412 + 2 × 0.0267)
= Exp(4.7099)
= $111.04
Bottom border of price channel:
Exp(Y284)
= Exp(a + b × X284 – 2 × s)
= Exp(a + b × 412 – 2 × s)
= Exp(4.9391 + -0.0007 × 412 – 2 × 0.0267)
= Exp(4.6030)
= $99.79
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.15% per annum.
- VLTO price at the close of November 19, 2024 was $103.98 and was inside the primary price channel.
Secondary Trend
Start date: October 4, 2024
End date: November 19, 2024
a = 5.6839
b = -0.0026
s = 0.0235
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0026) – 1
= -61.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0235) – 1
= 9.84%
October 4, 2024 calculations
Top border of price channel:
Exp(Y252)
= Exp(a + b × X252 + 2 × s)
= Exp(a + b × 366 + 2 × s)
= Exp(5.6839 + -0.0026 × 366 + 2 × 0.0235)
= Exp(4.7825)
= $119.40
Bottom border of price channel:
Exp(Y252)
= Exp(a + b × X252 – 2 × s)
= Exp(a + b × 366 – 2 × s)
= Exp(5.6839 + -0.0026 × 366 – 2 × 0.0235)
= Exp(4.6886)
= $108.71
November 19, 2024 calculations
Top border of price channel:
Exp(Y284)
= Exp(a + b × X284 + 2 × s)
= Exp(a + b × 412 + 2 × s)
= Exp(5.6839 + -0.0026 × 412 + 2 × 0.0235)
= Exp(4.6633)
= $105.98
Bottom border of price channel:
Exp(Y284)
= Exp(a + b × X284 – 2 × s)
= Exp(a + b × 412 – 2 × s)
= Exp(5.6839 + -0.0026 × 412 – 2 × 0.0235)
= Exp(4.5694)
= $96.49
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 61.16% per annum.
- VLTO price at the close of November 19, 2024 was inside the secondary price channel.