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 increasing.
- The growth rate of the primary trend is 147.06% per annum.
- HTZ price at the close of June 30, 2025 was $6.83 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.62% per annum.
- HTZ price at the close of June 30, 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: August 9, 2024
End date: June 30, 2025
a = -1.7779
b = 0.0025
s = 0.1721
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 147.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1721) – 1
= 99.07%
August 9, 2024 calculations
Top border of price channel:
Exp(Y781)
= Exp(a + b × X781 + 2 × s)
= Exp(a + b × 1,135 + 2 × s)
= Exp(-1.7779 + 0.0025 × 1,135 + 2 × 0.1721)
= Exp(1.3788)
= $3.97
Bottom border of price channel:
Exp(Y781)
= Exp(a + b × X781 – 2 × s)
= Exp(a + b × 1,135 – 2 × s)
= Exp(-1.7779 + 0.0025 × 1,135 – 2 × 0.1721)
= Exp(0.6903)
= $1.99
June 30, 2025 calculations
Top border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 + 2 × s)
= Exp(a + b × 1,460 + 2 × s)
= Exp(-1.7779 + 0.0025 × 1,460 + 2 × 0.1721)
= Exp(2.1842)
= $8.88
Bottom border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 – 2 × s)
= Exp(a + b × 1,460 – 2 × s)
= Exp(-1.7779 + 0.0025 × 1,460 – 2 × 0.1721)
= Exp(1.4957)
= $4.46
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 147.06% per annum.
- HTZ price at the close of June 30, 2025 was $6.83 and was inside the primary price channel.
Secondary Trend
Start date: April 17, 2025
End date: June 30, 2025
a = 5.4410
b = -0.0025
s = 0.1012
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1012) – 1
= 49.88%
April 17, 2025 calculations
Top border of price channel:
Exp(Y953)
= Exp(a + b × X953 + 2 × s)
= Exp(a + b × 1,386 + 2 × s)
= Exp(5.4410 + -0.0025 × 1,386 + 2 × 0.1012)
= Exp(2.1999)
= $9.02
Bottom border of price channel:
Exp(Y953)
= Exp(a + b × X953 – 2 × s)
= Exp(a + b × 1,386 – 2 × s)
= Exp(5.4410 + -0.0025 × 1,386 – 2 × 0.1012)
= Exp(1.7953)
= $6.02
June 30, 2025 calculations
Top border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 + 2 × s)
= Exp(a + b × 1,460 + 2 × s)
= Exp(5.4410 + -0.0025 × 1,460 + 2 × 0.1012)
= Exp(2.0161)
= $7.51
Bottom border of price channel:
Exp(Y1,002)
= Exp(a + b × X1,002 – 2 × s)
= Exp(a + b × 1,460 – 2 × s)
= Exp(5.4410 + -0.0025 × 1,460 – 2 × 0.1012)
= Exp(1.6114)
= $5.01
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.62% per annum.
- HTZ price at the close of June 30, 2025 was inside the secondary price channel.