Dow Inc (DOW)
Dow Inc. is an American commodity chemical company. The company is headquartered in Midland, Michigan.
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 0.21% per annum.
- DOW price at the close of November 20, 2024 was $43.93 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 87.05% per annum.
- DOW 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 DOW 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 = 3.9399
b = 0.0000
s = 0.0831
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0831) – 1
= 39.44%
February 5, 2021 calculations
Top border of price channel:
Exp(Y303)
= Exp(a + b × X303 + 2 × s)
= Exp(a + b × 442 + 2 × s)
= Exp(3.9399 + 0.0000 × 442 + 2 × 0.0831)
= Exp(4.1036)
= $60.56
Bottom border of price channel:
Exp(Y303)
= Exp(a + b × X303 – 2 × s)
= Exp(a + b × 442 – 2 × s)
= Exp(3.9399 + 0.0000 × 442 – 2 × 0.0831)
= Exp(3.7712)
= $43.43
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(3.9399 + 0.0000 × 1,826 + 2 × 0.0831)
= Exp(4.0957)
= $60.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.9399 + 0.0000 × 1,826 – 2 × 0.0831)
= Exp(3.7633)
= $43.09
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 0.21% per annum.
- DOW price at the close of November 20, 2024 was $43.93 and was inside the primary price channel.
Secondary Trend
Start date: October 11, 2024
End date: November 20, 2024
a = 14.0050
b = -0.0056
s = 0.0132
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0056) – 1
= -87.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0132) – 1
= 5.44%
October 11, 2024 calculations
Top border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,786 + 2 × s)
= Exp(14.0050 + -0.0056 × 1,786 + 2 × 0.0132)
= Exp(4.0290)
= $56.21
Bottom border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,786 – 2 × s)
= Exp(14.0050 + -0.0056 × 1,786 – 2 × 0.0132)
= Exp(3.9761)
= $53.31
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(14.0050 + -0.0056 × 1,826 + 2 × 0.0132)
= Exp(3.8050)
= $44.93
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(14.0050 + -0.0056 × 1,826 – 2 × 0.0132)
= Exp(3.7521)
= $42.61
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 87.05% per annum.
- DOW price at the close of November 20, 2024 was inside the secondary price channel.