Ingersoll Rand Inc (IR)
Ingersoll Rand Inc., founded in 1859, is an American worldwide provider of industrial equipment, technologies and related parts and services to a broad and diverse customer base through a family of brands.
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 49.71% per annum.
- IR price at the close of April 2, 2025 was $81.70 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.54% per annum.
- IR 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 IR 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: November 6, 2024
End date: April 2, 2025
a = 7.8173
b = -0.0019
s = 0.0305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -49.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0305) – 1
= 13.00%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,678 + 2 × s)
= Exp(7.8173 + -0.0019 × 1,678 + 2 × 0.0305)
= Exp(4.7186)
= $112.02
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,678 – 2 × s)
= Exp(7.8173 + -0.0019 × 1,678 – 2 × 0.0305)
= Exp(4.5964)
= $99.13
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(7.8173 + -0.0019 × 1,825 + 2 × 0.0305)
= Exp(4.4418)
= $84.93
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.8173 + -0.0019 × 1,825 – 2 × 0.0305)
= Exp(4.3196)
= $75.16
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 49.71% per annum.
- IR price at the close of April 2, 2025 was $81.70 and was inside the primary price channel.
Secondary Trend
Start date: January 21, 2025
End date: April 2, 2025
a = 8.8914
b = -0.0025
s = 0.0218
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0218) – 1
= 9.09%
January 21, 2025 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,754 + 2 × s)
= Exp(8.8914 + -0.0025 × 1,754 + 2 × 0.0218)
= Exp(4.5871)
= $98.21
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(8.8914 + -0.0025 × 1,754 – 2 × 0.0218)
= Exp(4.5000)
= $90.02
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(8.8914 + -0.0025 × 1,825 + 2 × 0.0218)
= Exp(4.4111)
= $82.36
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.8914 + -0.0025 × 1,825 – 2 × 0.0218)
= Exp(4.3240)
= $75.49
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.54% per annum.
- IR price at the close of April 2, 2025 was inside the secondary price channel.