Ingredion Incorporated (INGR)
Ingredion Incorporated, produces and sells starches and sweeteners for various industries. The company is headquartered in Westchester, 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 41.34% per annum.
- INGR price at the close of December 2, 2024 was $148.11 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.25% per annum.
- INGR price at the close of December 2, 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 INGR 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: September 6, 2023
End date: December 2, 2024
a = 3.2223
b = 0.0009
s = 0.0395
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0395) – 1
= 17.13%
September 6, 2023 calculations
Top border of price channel:
Exp(Y945)
= Exp(a + b × X945 + 2 × s)
= Exp(a + b × 1,373 + 2 × s)
= Exp(3.2223 + 0.0009 × 1,373 + 2 × 0.0395)
= Exp(4.6029)
= $99.77
Bottom border of price channel:
Exp(Y945)
= Exp(a + b × X945 – 2 × s)
= Exp(a + b × 1,373 – 2 × s)
= Exp(3.2223 + 0.0009 × 1,373 – 2 × 0.0395)
= Exp(4.4448)
= $85.18
December 2, 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(3.2223 + 0.0009 × 1,826 + 2 × 0.0395)
= Exp(5.0323)
= $153.29
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.2223 + 0.0009 × 1,826 – 2 × 0.0395)
= Exp(4.8742)
= $130.87
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 41.34% per annum.
- INGR price at the close of December 2, 2024 was $148.11 and was inside the primary price channel.
Secondary Trend
Start date: June 4, 2024
End date: December 2, 2024
a = 2.0842
b = 0.0016
s = 0.0311
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 79.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0311) – 1
= 13.25%
June 4, 2024 calculations
Top border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 + 2 × s)
= Exp(a + b × 1,645 + 2 × s)
= Exp(2.0842 + 0.0016 × 1,645 + 2 × 0.0311)
= Exp(4.7767)
= $118.71
Bottom border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 – 2 × s)
= Exp(a + b × 1,645 – 2 × s)
= Exp(2.0842 + 0.0016 × 1,645 – 2 × 0.0311)
= Exp(4.6523)
= $104.82
December 2, 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(2.0842 + 0.0016 × 1,826 + 2 × 0.0311)
= Exp(5.0661)
= $158.56
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.0842 + 0.0016 × 1,826 – 2 × 0.0311)
= Exp(4.9417)
= $140.01
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.25% per annum.
- INGR price at the close of December 2, 2024 was inside the secondary price channel.