Hub Group Inc (HUBG)
Hub Group, Inc., a light asset freight management company, provides intermodal services, truck brokerage, trucking, managed transportation, cargo consolidation, warehousing, last mile delivery, international transportation, and other freight services. logistics in North America. The company is headquartered in Oak Brook, Illinois.
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 5.63% per annum.
- HUBG price at the close of November 19, 2024 was $50.00 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,219.57% per annum.
- HUBG 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 HUBG 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 27, 2021
End date: November 5, 2024
a = 3.5014
b = 0.0002
s = 0.0737
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0737) – 1
= 34.28%
August 27, 2021 calculations
Top border of price channel:
Exp(Y445)
= Exp(a + b × X445 + 2 × s)
= Exp(a + b × 646 + 2 × s)
= Exp(3.5014 + 0.0002 × 646 + 2 × 0.0737)
= Exp(3.7457)
= $42.34
Bottom border of price channel:
Exp(Y445)
= Exp(a + b × X445 – 2 × s)
= Exp(a + b × 646 – 2 × s)
= Exp(3.5014 + 0.0002 × 646 – 2 × 0.0737)
= Exp(3.4510)
= $31.53
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(3.5014 + 0.0002 × 1,812 + 2 × 0.0737)
= Exp(3.9207)
= $50.44
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(3.5014 + 0.0002 × 1,812 – 2 × 0.0737)
= Exp(3.6260)
= $37.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 5.63% per annum.
- HUBG price at the close of November 19, 2024 was $50.00 and was inside the primary price channel.
Secondary Trend
Start date: October 22, 2024
End date: November 19, 2024
a = -8.9710
b = 0.0071
s = 0.0255
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0071) – 1
= 1,219.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0255) – 1
= 10.75%
October 22, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(-8.9710 + 0.0071 × 1,798 + 2 × 0.0255)
= Exp(3.7887)
= $44.20
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(-8.9710 + 0.0071 × 1,798 – 2 × 0.0255)
= Exp(3.6866)
= $39.91
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(-8.9710 + 0.0071 × 1,826 + 2 × 0.0255)
= Exp(3.9866)
= $53.87
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-8.9710 + 0.0071 × 1,826 – 2 × 0.0255)
= Exp(3.8845)
= $48.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,219.57% per annum.
- HUBG price at the close of November 19, 2024 was inside the secondary price channel.