Dentsply Sirona Inc (XRAY)
Dentsply Sirona is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries.
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 45.36% per annum.
- XRAY price at the close of January 24, 2025 was $19.53 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.26% per annum.
- XRAY price at the close of January 24, 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 XRAY 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: December 19, 2023
End date: January 24, 2025
a = 5.9479
b = -0.0017
s = 0.0632
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -45.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0632) – 1
= 28.78%
December 19, 2023 calculations
Top border of price channel:
Exp(Y982)
= Exp(a + b × X982 + 2 × s)
= Exp(a + b × 1,422 + 2 × s)
= Exp(5.9479 + -0.0017 × 1,422 + 2 × 0.0632)
= Exp(3.7198)
= $41.26
Bottom border of price channel:
Exp(Y982)
= Exp(a + b × X982 – 2 × s)
= Exp(a + b × 1,422 – 2 × s)
= Exp(5.9479 + -0.0017 × 1,422 – 2 × 0.0632)
= Exp(3.4669)
= $32.04
January 24, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.9479 + -0.0017 × 1,824 + 2 × 0.0632)
= Exp(3.0542)
= $21.20
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.9479 + -0.0017 × 1,824 – 2 × 0.0632)
= Exp(2.8012)
= $16.47
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 45.36% per annum.
- XRAY price at the close of January 24, 2025 was $19.53 and was inside the primary price channel.
Secondary Trend
Start date: November 7, 2024
End date: January 24, 2025
a = 2.0288
b = 0.0005
s = 0.0333
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0333) – 1
= 14.24%
November 7, 2024 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,746 + 2 × s)
= Exp(2.0288 + 0.0005 × 1,746 + 2 × 0.0333)
= Exp(2.9780)
= $19.65
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,746 – 2 × s)
= Exp(2.0288 + 0.0005 × 1,746 – 2 × 0.0333)
= Exp(2.8449)
= $17.20
January 24, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0288 + 0.0005 × 1,824 + 2 × 0.0333)
= Exp(3.0174)
= $20.44
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0288 + 0.0005 × 1,824 – 2 × 0.0333)
= Exp(2.8843)
= $17.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.26% per annum.
- XRAY price at the close of January 24, 2025 was inside the secondary price channel.