GATX Corporation (GATX)
GATX Corporation (NYSE: GATX) strives to be recognized as the best car rental company in the world by our customers, our shareholders, our employees and the communities where we operate. The company is headquartered in Chicago, Illinois since its founding in 1898.
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 11.34% per annum.
- GATX price at the close of November 19, 2024 was $152.43 and was higher than the top border of the primary price channel by $3.85 (2.59%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.23% per annum.
- GATX 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 GATX 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: January 6, 2021
End date: February 28, 2024
a = 4.3189
b = 0.0003
s = 0.0725
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0725) – 1
= 33.63%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(4.3189 + 0.0003 × 413 + 2 × 0.0725)
= Exp(4.5854)
= $98.04
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(4.3189 + 0.0003 × 413 – 2 × 0.0725)
= Exp(4.2955)
= $73.37
February 28, 2024 calculations
Top border of price channel:
Exp(Y1,073)
= Exp(a + b × X1,073 + 2 × s)
= Exp(a + b × 1,561 + 2 × s)
= Exp(4.3189 + 0.0003 × 1,561 + 2 × 0.0725)
= Exp(4.9232)
= $137.44
Bottom border of price channel:
Exp(Y1,073)
= Exp(a + b × X1,073 – 2 × s)
= Exp(a + b × 1,561 – 2 × s)
= Exp(4.3189 + 0.0003 × 1,561 – 2 × 0.0725)
= Exp(4.6333)
= $102.85
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 11.34% per annum.
- GATX price at the close of November 19, 2024 was $152.43 and was higher than the top border of the primary price channel by $3.85 (2.59%).
Secondary Trend
Start date: September 7, 2023
End date: August 30, 2024
a = 3.4516
b = 0.0009
s = 0.0368
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0368) – 1
= 15.84%
September 7, 2023 calculations
Top border of price channel:
Exp(Y954)
= Exp(a + b × X954 + 2 × s)
= Exp(a + b × 1,387 + 2 × s)
= Exp(3.4516 + 0.0009 × 1,387 + 2 × 0.0368)
= Exp(4.7279)
= $113.06
Bottom border of price channel:
Exp(Y954)
= Exp(a + b × X954 – 2 × s)
= Exp(a + b × 1,387 – 2 × s)
= Exp(3.4516 + 0.0009 × 1,387 – 2 × 0.0368)
= Exp(4.5808)
= $97.59
August 30, 2024 calculations
Top border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 + 2 × s)
= Exp(a + b × 1,745 + 2 × s)
= Exp(3.4516 + 0.0009 × 1,745 + 2 × 0.0368)
= Exp(5.0383)
= $154.21
Bottom border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 – 2 × s)
= Exp(a + b × 1,745 – 2 × s)
= Exp(3.4516 + 0.0009 × 1,745 – 2 × 0.0368)
= Exp(4.8913)
= $133.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.23% per annum.
- GATX price at the close of November 19, 2024 was inside the secondary price channel.