International Seaways Inc (INSW)
International Seaways, Inc. owns and operates a fleet of transoceanic vessels for the transportation of crude oil and petroleum products in the international flag trade. The company is headquartered in New York, New York.
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 47.42% per annum.
- INSW price at the close of April 2, 2025 was $33.12 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.89% per annum.
- INSW price at the close of April 2, 2025 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 INSW 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: May 8, 2024
End date: April 2, 2025
a = 6.6908
b = -0.0018
s = 0.0648
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -47.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0648) – 1
= 29.56%
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,030)
= Exp(a + b × X1,030 + 2 × s)
= Exp(a + b × 1,496 + 2 × s)
= Exp(6.6908 + -0.0018 × 1,496 + 2 × 0.0648)
= Exp(4.1852)
= $65.71
Bottom border of price channel:
Exp(Y1,030)
= Exp(a + b × X1,030 – 2 × s)
= Exp(a + b × 1,496 – 2 × s)
= Exp(6.6908 + -0.0018 × 1,496 – 2 × 0.0648)
= Exp(3.9262)
= $50.72
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.6908 + -0.0018 × 1,825 + 2 × 0.0648)
= Exp(3.6057)
= $36.81
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.6908 + -0.0018 × 1,825 – 2 × 0.0648)
= Exp(3.3467)
= $28.41
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.42% per annum.
- INSW price at the close of April 2, 2025 was $33.12 and was inside the primary price channel.
Secondary Trend
Start date: November 26, 2024
End date: April 2, 2025
a = 4.2933
b = -0.0004
s = 0.0632
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0632) – 1
= 28.78%
November 26, 2024 calculations
Top border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 + 2 × s)
= Exp(a + b × 1,698 + 2 × s)
= Exp(4.2933 + -0.0004 × 1,698 + 2 × 0.0632)
= Exp(3.7240)
= $41.43
Bottom border of price channel:
Exp(Y1,170)
= Exp(a + b × X1,170 – 2 × s)
= Exp(a + b × 1,698 – 2 × s)
= Exp(4.2933 + -0.0004 × 1,698 – 2 × 0.0632)
= Exp(3.4711)
= $32.17
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.2933 + -0.0004 × 1,825 + 2 × 0.0632)
= Exp(3.6720)
= $39.33
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.2933 + -0.0004 × 1,825 – 2 × 0.0632)
= Exp(3.4191)
= $30.54
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.89% per annum.
- INSW price at the close of April 2, 2025 was inside the secondary price channel.