Viatris Inc (VTRS)
Viatris Inc. is an American global healthcare company headquartered in Canonsburg, Pennsylvania.
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 20.97% per annum.
- VTRS price at the close of November 19, 2024 was $13.05 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.86% per annum.
- VTRS price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.13 (1.00%).
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 VTRS 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: March 9, 2023
End date: November 19, 2024
a = 1.7358
b = 0.0005
s = 0.0711
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0711) – 1
= 32.89%
March 9, 2023 calculations
Top border of price channel:
Exp(Y580)
= Exp(a + b × X580 + 2 × s)
= Exp(a + b × 843 + 2 × s)
= Exp(1.7358 + 0.0005 × 843 + 2 × 0.0711)
= Exp(2.3176)
= $10.15
Bottom border of price channel:
Exp(Y580)
= Exp(a + b × X580 – 2 × s)
= Exp(a + b × 843 – 2 × s)
= Exp(1.7358 + 0.0005 × 843 – 2 × 0.0711)
= Exp(2.0332)
= $7.64
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 + 2 × s)
= Exp(a + b × 1,464 + 2 × s)
= Exp(1.7358 + 0.0005 × 1,464 + 2 × 0.0711)
= Exp(2.6414)
= $14.03
Bottom border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 – 2 × s)
= Exp(a + b × 1,464 – 2 × s)
= Exp(1.7358 + 0.0005 × 1,464 – 2 × 0.0711)
= Exp(2.3571)
= $10.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.97% per annum.
- VTRS price at the close of November 19, 2024 was $13.05 and was inside the primary price channel.
Secondary Trend
Start date: January 2, 2024
End date: November 19, 2024
a = 2.3343
b = 0.0001
s = 0.0558
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0558) – 1
= 25.01%
January 2, 2024 calculations
Top border of price channel:
Exp(Y785)
= Exp(a + b × X785 + 2 × s)
= Exp(a + b × 1,142 + 2 × s)
= Exp(2.3343 + 0.0001 × 1,142 + 2 × 0.0558)
= Exp(2.5340)
= $12.60
Bottom border of price channel:
Exp(Y785)
= Exp(a + b × X785 – 2 × s)
= Exp(a + b × 1,142 – 2 × s)
= Exp(2.3343 + 0.0001 × 1,142 – 2 × 0.0558)
= Exp(2.3108)
= $10.08
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 + 2 × s)
= Exp(a + b × 1,464 + 2 × s)
= Exp(2.3343 + 0.0001 × 1,464 + 2 × 0.0558)
= Exp(2.5589)
= $12.92
Bottom border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 – 2 × s)
= Exp(a + b × 1,464 – 2 × s)
= Exp(2.3343 + 0.0001 × 1,464 – 2 × 0.0558)
= Exp(2.3356)
= $10.34
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.86% per annum.
- VTRS price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.13 (1.00%).