Hertz Global Holdings Inc (HTZ)
Hertz Global Holdings, Inc. is a car rental company. The company is headquartered in Estero, Florida.
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 70.03% per annum.
- HTZ price at the close of January 27, 2025 was $4.25 and was higher than the top border of the primary price channel by $1.05 (32.79%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.23% per annum.
- HTZ price at the close of January 27, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 HTZ 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 1, 2023
End date: November 11, 2024
a = 5.1199
b = -0.0033
s = 0.1776
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0033) – 1
= -70.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1776) – 1
= 103.52%
February 1, 2023 calculations
Top border of price channel:
Exp(Y399)
= Exp(a + b × X399 + 2 × s)
= Exp(a + b × 580 + 2 × s)
= Exp(5.1199 + -0.0033 × 580 + 2 × 0.1776)
= Exp(3.5603)
= $35.17
Bottom border of price channel:
Exp(Y399)
= Exp(a + b × X399 – 2 × s)
= Exp(a + b × 580 – 2 × s)
= Exp(5.1199 + -0.0033 × 580 – 2 × 0.1776)
= Exp(2.8497)
= $17.28
November 11, 2024 calculations
Top border of price channel:
Exp(Y846)
= Exp(a + b × X846 + 2 × s)
= Exp(a + b × 1,229 + 2 × s)
= Exp(5.1199 + -0.0033 × 1,229 + 2 × 0.1776)
= Exp(1.4176)
= $4.13
Bottom border of price channel:
Exp(Y846)
= Exp(a + b × X846 – 2 × s)
= Exp(a + b × 1,229 – 2 × s)
= Exp(5.1199 + -0.0033 × 1,229 – 2 × 0.1776)
= Exp(0.7070)
= $2.03
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 70.03% per annum.
- HTZ price at the close of January 27, 2025 was $4.25 and was higher than the top border of the primary price channel by $1.05 (32.79%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 4, 2024
End date: January 27, 2025
a = 0.8391
b = 0.0004
s = 0.1322
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1322) – 1
= 69.69%
June 4, 2024 calculations
Top border of price channel:
Exp(Y735)
= Exp(a + b × X735 + 2 × s)
= Exp(a + b × 1,069 + 2 × s)
= Exp(0.8391 + 0.0004 × 1,069 + 2 × 0.1322)
= Exp(1.4932)
= $4.45
Bottom border of price channel:
Exp(Y735)
= Exp(a + b × X735 – 2 × s)
= Exp(a + b × 1,069 – 2 × s)
= Exp(0.8391 + 0.0004 × 1,069 – 2 × 0.1322)
= Exp(0.9644)
= $2.62
January 27, 2025 calculations
Top border of price channel:
Exp(Y896)
= Exp(a + b × X896 + 2 × s)
= Exp(a + b × 1,306 + 2 × s)
= Exp(0.8391 + 0.0004 × 1,306 + 2 × 0.1322)
= Exp(1.5796)
= $4.85
Bottom border of price channel:
Exp(Y896)
= Exp(a + b × X896 – 2 × s)
= Exp(a + b × 1,306 – 2 × s)
= Exp(0.8391 + 0.0004 × 1,306 – 2 × 0.1322)
= Exp(1.0508)
= $2.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.23% per annum.
- HTZ price at the close of January 27, 2025 was inside the secondary price channel.