Stock Analysis on Net

Boston Scientific Corp. (NYSE:BSX)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Stock Price Trends


Summary

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 43.77% per annum.
  • BSX price at the close of May 4, 2023 was $51.94 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 93.87% per annum.
  • BSX price at the close of May 4, 2023 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 BSX 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: June 9, 2022
End date: May 4, 2023

a = 2.1257

b = 0.0010

s = 0.0315

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 43.77%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0315) – 1
= 13.41%

June 9, 2022 calculations

Top border of price channel:

Exp(Y1,031)
= Exp(a + b × X1,031 + 2 × s)
= Exp(a + b × 1,494 + 2 × s)
= Exp(2.1257 + 0.0010 × 1,494 + 2 × 0.0315)
= Exp(3.6747)
= $39.44

Bottom border of price channel:

Exp(Y1,031)
= Exp(a + b × X1,031 – 2 × s)
= Exp(a + b × 1,494 – 2 × s)
= Exp(2.1257 + 0.0010 × 1,494 – 2 × 0.0315)
= Exp(3.5489)
= $34.77

May 4, 2023 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(2.1257 + 0.0010 × 1,823 + 2 × 0.0315)
= Exp(4.0020)
= $54.71

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.1257 + 0.0010 × 1,823 – 2 × 0.0315)
= Exp(3.8762)
= $48.24

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 43.77% per annum.
  • BSX price at the close of May 4, 2023 was $51.94 and was inside the primary price channel.

Secondary Trend

Start date: February 16, 2023
End date: May 4, 2023

a = 0.6590

b = 0.0018

s = 0.0119

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 93.87%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0119) – 1
= 4.85%

February 16, 2023 calculations

Top border of price channel:

Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,746 + 2 × s)
= Exp(0.6590 + 0.0018 × 1,746 + 2 × 0.0119)
= Exp(3.8495)
= $46.97

Bottom border of price channel:

Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,746 – 2 × s)
= Exp(0.6590 + 0.0018 × 1,746 – 2 × 0.0119)
= Exp(3.8021)
= $44.79

May 4, 2023 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(0.6590 + 0.0018 × 1,823 + 2 × 0.0119)
= Exp(3.9891)
= $54.01

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(0.6590 + 0.0018 × 1,823 – 2 × 0.0119)
= Exp(3.9417)
= $51.51

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 93.87% per annum.
  • BSX price at the close of May 4, 2023 was inside the secondary price channel.
Stock Price Trends

Check current BSX price trends.

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