Fluor Corporation (FLR)
Fluor Corporation provides engineering, procurement, construction, manufacturing and modularization, operation, maintenance and asset integrity and project management services globally. The company is headquartered in Irving, Texas.
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 25.67% per annum.
- FLR price at the close of November 19, 2024 was $52.67 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 45.51% per annum.
- FLR 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 FLR 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 5, 2021
End date: July 10, 2024
a = 2.6856
b = 0.0006
s = 0.0946
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0946) – 1
= 46.01%
November 5, 2021 calculations
Top border of price channel:
Exp(Y494)
= Exp(a + b × X494 + 2 × s)
= Exp(a + b × 716 + 2 × s)
= Exp(2.6856 + 0.0006 × 716 + 2 × 0.0946)
= Exp(3.3230)
= $27.74
Bottom border of price channel:
Exp(Y494)
= Exp(a + b × X494 – 2 × s)
= Exp(a + b × 716 – 2 × s)
= Exp(2.6856 + 0.0006 × 716 – 2 × 0.0946)
= Exp(2.9445)
= $19.00
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 + 2 × s)
= Exp(a + b × 1,694 + 2 × s)
= Exp(2.6856 + 0.0006 × 1,694 + 2 × 0.0946)
= Exp(3.9352)
= $51.17
Bottom border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 – 2 × s)
= Exp(a + b × 1,694 – 2 × s)
= Exp(2.6856 + 0.0006 × 1,694 – 2 × 0.0946)
= Exp(3.5567)
= $35.05
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 25.67% per annum.
- FLR price at the close of November 19, 2024 was $52.67 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2023
End date: November 19, 2024
a = 2.0757
b = 0.0010
s = 0.0543
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0543) – 1
= 24.24%
April 4, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(2.0757 + 0.0010 × 1,231 + 2 × 0.0543)
= Exp(3.4491)
= $31.47
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(2.0757 + 0.0010 × 1,231 – 2 × 0.0543)
= Exp(3.2321)
= $25.33
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(2.0757 + 0.0010 × 1,826 + 2 × 0.0543)
= Exp(4.0605)
= $58.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.0757 + 0.0010 × 1,826 – 2 × 0.0543)
= Exp(3.8435)
= $46.69
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 45.51% per annum.
- FLR price at the close of November 19, 2024 was inside the secondary price channel.