Dana Inc (DAN)
Dana Incorporated provides energy management and energy transportation solutions for vehicles and machinery in North America, Europe, South America, and Asia Pacific. The company is headquartered in Maumee, Ohio.
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 18.51% per annum.
- DAN price at the close of November 20, 2024 was $7.96 and was lower than the bottom border of the primary price channel by $0.10 (1.30%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 55.94% per annum.
- DAN price at the close of November 20, 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 DAN 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 5, 2021
End date: November 20, 2024
a = 3.3629
b = -0.0006
s = 0.1258
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1258) – 1
= 65.43%
February 5, 2021 calculations
Top border of price channel:
Exp(Y303)
= Exp(a + b × X303 + 2 × s)
= Exp(a + b × 442 + 2 × s)
= Exp(3.3629 + -0.0006 × 442 + 2 × 0.1258)
= Exp(3.3668)
= $28.99
Bottom border of price channel:
Exp(Y303)
= Exp(a + b × X303 – 2 × s)
= Exp(a + b × 442 – 2 × s)
= Exp(3.3629 + -0.0006 × 442 – 2 × 0.1258)
= Exp(2.8634)
= $17.52
November 20, 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(3.3629 + -0.0006 × 1,826 + 2 × 0.1258)
= Exp(2.5909)
= $13.34
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3629 + -0.0006 × 1,826 – 2 × 0.1258)
= Exp(2.0875)
= $8.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.51% per annum.
- DAN price at the close of November 20, 2024 was $7.96 and was lower than the bottom border of the primary price channel by $0.10 (1.30%).
Secondary Trend
Start date: May 1, 2024
End date: November 20, 2024
a = 6.2743
b = -0.0022
s = 0.0655
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -55.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0655) – 1
= 29.95%
May 1, 2024 calculations
Top border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 + 2 × s)
= Exp(a + b × 1,623 + 2 × s)
= Exp(6.2743 + -0.0022 × 1,623 + 2 × 0.0655)
= Exp(2.7611)
= $15.82
Bottom border of price channel:
Exp(Y1,116)
= Exp(a + b × X1,116 – 2 × s)
= Exp(a + b × 1,623 – 2 × s)
= Exp(6.2743 + -0.0022 × 1,623 – 2 × 0.0655)
= Exp(2.4992)
= $12.17
November 20, 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(6.2743 + -0.0022 × 1,826 + 2 × 0.0655)
= Exp(2.3053)
= $10.03
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.2743 + -0.0022 × 1,826 – 2 × 0.0655)
= Exp(2.0434)
= $7.72
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 55.94% per annum.
- DAN price at the close of November 20, 2024 was inside the secondary price channel.