Stock Analysis on Net

McKesson Corp. (NYSE:MCK)

This company has been moved to the archive! The financial data has not been updated since October 27, 2016.

Stock Price Trends


Summary

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 15.48% per annum.
  • MCK price at the close of October 27, 2016 was $160.50 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 60.74% per annum.
  • MCK price at the close of October 27, 2016 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 MCK 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: November 11, 2014
End date: October 27, 2016

a = 5.9480

b = -0.0005

s = 0.0875

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.48%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0875) – 1
= 41.92%

November 11, 2014 calculations

Top border of price channel:

Exp(Y763)
= Exp(a + b × X763 + 2 × s)
= Exp(a + b × 1,110 + 2 × s)
= Exp(5.9480 + -0.0005 × 1,110 + 2 × 0.0875)
= Exp(5.6117)
= $273.62

Bottom border of price channel:

Exp(Y763)
= Exp(a + b × X763 – 2 × s)
= Exp(a + b × 1,110 – 2 × s)
= Exp(5.9480 + -0.0005 × 1,110 – 2 × 0.0875)
= Exp(5.2616)
= $192.80

October 27, 2016 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.9480 + -0.0005 × 1,826 + 2 × 0.0875)
= Exp(5.2819)
= $196.74

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.9480 + -0.0005 × 1,826 – 2 × 0.0875)
= Exp(4.9318)
= $138.63

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 15.48% per annum.
  • MCK price at the close of October 27, 2016 was $160.50 and was inside the primary price channel.

Secondary Trend

Start date: July 18, 2016
End date: October 27, 2016

a = 9.7335

b = -0.0026

s = 0.0229

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0026) – 1
= -60.74%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0229) – 1
= 9.60%

July 18, 2016 calculations

Top border of price channel:

Exp(Y1,185)
= Exp(a + b × X1,185 + 2 × s)
= Exp(a + b × 1,725 + 2 × s)
= Exp(9.7335 + -0.0026 × 1,725 + 2 × 0.0229)
= Exp(5.3602)
= $212.76

Bottom border of price channel:

Exp(Y1,185)
= Exp(a + b × X1,185 – 2 × s)
= Exp(a + b × 1,725 – 2 × s)
= Exp(9.7335 + -0.0026 × 1,725 – 2 × 0.0229)
= Exp(5.2685)
= $194.12

October 27, 2016 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(9.7335 + -0.0026 × 1,826 + 2 × 0.0229)
= Exp(5.1014)
= $164.25

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.7335 + -0.0026 × 1,826 – 2 × 0.0229)
= Exp(5.0097)
= $149.86

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 60.74% per annum.
  • MCK price at the close of October 27, 2016 was inside the secondary price channel.
Stock Price Trends

Check current MCK price trends.

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