Xerox Corp (XRX)
Xerox Holdings Corporation, a workplace technology company, designs, develops and sells document management systems and solutions in the United States, Europe, Canada and internationally. The company is headquartered in Norwalk, Connecticut.
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 60.34% per annum.
- XRX price at the close of November 19, 2024 was $8.42 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.42% per annum.
- XRX 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 XRX 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: January 25, 2024
End date: November 19, 2024
a = 6.7685
b = -0.0025
s = 0.0678
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -60.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0678) – 1
= 31.14%
January 25, 2024 calculations
Top border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 + 2 × s)
= Exp(a + b × 1,527 + 2 × s)
= Exp(6.7685 + -0.0025 × 1,527 + 2 × 0.0678)
= Exp(3.0346)
= $20.79
Bottom border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 – 2 × s)
= Exp(a + b × 1,527 – 2 × s)
= Exp(6.7685 + -0.0025 × 1,527 – 2 × 0.0678)
= Exp(2.7634)
= $15.85
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.7685 + -0.0025 × 1,826 + 2 × 0.0678)
= Exp(2.2769)
= $9.75
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.7685 + -0.0025 × 1,826 – 2 × 0.0678)
= Exp(2.0057)
= $7.43
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 60.34% per annum.
- XRX price at the close of November 19, 2024 was $8.42 and was inside the primary price channel.
Secondary Trend
Start date: June 27, 2024
End date: November 19, 2024
a = 4.9653
b = -0.0015
s = 0.0641
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0641) – 1
= 29.21%
June 27, 2024 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,681 + 2 × s)
= Exp(4.9653 + -0.0015 × 1,681 + 2 × 0.0641)
= Exp(2.5513)
= $12.82
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,681 – 2 × s)
= Exp(4.9653 + -0.0015 × 1,681 – 2 × 0.0641)
= Exp(2.2951)
= $9.93
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.9653 + -0.0015 × 1,826 + 2 × 0.0641)
= Exp(2.3321)
= $10.30
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.9653 + -0.0015 × 1,826 – 2 × 0.0641)
= Exp(2.0758)
= $7.97
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.42% per annum.
- XRX price at the close of November 19, 2024 was inside the secondary price channel.