CH Robinson Worldwide Inc (CHRW)
C.H. Robinson is an American Fortune 500 provider of multimodal transportation services and third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and warehousing. It offers truckload, less than truckload, air freight, intermodal, and ocean transportation.
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 101.38% per annum.
- CHRW price at the close of November 19, 2024 was $109.08 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.35% per annum.
- CHRW 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 CHRW 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: February 16, 2024
End date: November 19, 2024
a = 1.2409
b = 0.0019
s = 0.0426
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 101.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0426) – 1
= 18.56%
February 16, 2024 calculations
Top border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 + 2 × s)
= Exp(a + b × 1,549 + 2 × s)
= Exp(1.2409 + 0.0019 × 1,549 + 2 × 0.0426)
= Exp(4.2968)
= $73.47
Bottom border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 – 2 × s)
= Exp(a + b × 1,549 – 2 × s)
= Exp(1.2409 + 0.0019 × 1,549 – 2 × 0.0426)
= Exp(4.1266)
= $61.97
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(1.2409 + 0.0019 × 1,826 + 2 × 0.0426)
= Exp(4.8281)
= $124.97
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.2409 + 0.0019 × 1,826 – 2 × 0.0426)
= Exp(4.6579)
= $105.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 101.38% per annum.
- CHRW price at the close of November 19, 2024 was $109.08 and was inside the primary price channel.
Secondary Trend
Start date: September 23, 2024
End date: November 19, 2024
a = 4.6179
b = 0.0000
s = 0.0208
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0208) – 1
= 8.68%
September 23, 2024 calculations
Top border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 + 2 × s)
= Exp(a + b × 1,769 + 2 × s)
= Exp(4.6179 + 0.0000 × 1,769 + 2 × 0.0208)
= Exp(4.7243)
= $112.66
Bottom border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 – 2 × s)
= Exp(a + b × 1,769 – 2 × s)
= Exp(4.6179 + 0.0000 × 1,769 – 2 × 0.0208)
= Exp(4.6411)
= $103.66
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(4.6179 + 0.0000 × 1,826 + 2 × 0.0208)
= Exp(4.7264)
= $112.89
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.6179 + 0.0000 × 1,826 – 2 × 0.0208)
= Exp(4.6432)
= $103.87
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.35% per annum.
- CHRW price at the close of November 19, 2024 was inside the secondary price channel.