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 49.87% per annum.
- IR price at the close of April 1, 2025 was $80.61 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.40% per annum.
- IR price at the close of April 1, 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 1, 2025
a = 7.8346
b = -0.0019
s = 0.0306
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -49.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0306) – 1
= 13.03%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 + 2 × s)
= Exp(a + b × 1,679 + 2 × s)
= Exp(7.8346 + -0.0019 × 1,679 + 2 × 0.0306)
= Exp(4.7192)
= $112.08
Bottom border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 – 2 × s)
= Exp(a + b × 1,679 – 2 × s)
= Exp(7.8346 + -0.0019 × 1,679 – 2 × 0.0306)
= Exp(4.5967)
= $99.16
April 1, 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(7.8346 + -0.0019 × 1,825 + 2 × 0.0306)
= Exp(4.4430)
= $85.03
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.8346 + -0.0019 × 1,825 – 2 × 0.0306)
= Exp(4.3205)
= $75.23
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 49.87% per annum.
- IR price at the close of April 1, 2025 was $80.61 and was inside the primary price channel.
Secondary Trend
Start date: January 21, 2025
End date: April 1, 2025
a = 8.9995
b = -0.0025
s = 0.0213
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -60.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0213) – 1
= 8.91%
January 21, 2025 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,755 + 2 × s)
= Exp(8.9995 + -0.0025 × 1,755 + 2 × 0.0213)
= Exp(4.5876)
= $98.26
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,755 – 2 × s)
= Exp(8.9995 + -0.0025 × 1,755 – 2 × 0.0213)
= Exp(4.5023)
= $90.22
April 1, 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(8.9995 + -0.0025 × 1,825 + 2 × 0.0213)
= Exp(4.4099)
= $82.26
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.9995 + -0.0025 × 1,825 – 2 × 0.0213)
= Exp(4.3246)
= $75.53
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.40% per annum.
- IR price at the close of April 1, 2025 was inside the secondary price channel.