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 55.36% per annum.
- IR price at the close of April 24, 2025 was $75.74 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 68.39% per annum.
- IR price at the close of April 24, 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 24, 2025
a = 8.3294
b = -0.0022
s = 0.0401
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -55.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0401) – 1
= 17.41%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,654 + 2 × s)
= Exp(8.3294 + -0.0022 × 1,654 + 2 × 0.0401)
= Exp(4.7543)
= $116.09
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,654 – 2 × s)
= Exp(8.3294 + -0.0022 × 1,654 – 2 × 0.0401)
= Exp(4.5939)
= $98.88
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(8.3294 + -0.0022 × 1,823 + 2 × 0.0401)
= Exp(4.3809)
= $79.91
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(8.3294 + -0.0022 × 1,823 – 2 × 0.0401)
= Exp(4.2204)
= $68.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 55.36% per annum.
- IR price at the close of April 24, 2025 was $75.74 and was inside the primary price channel.
Secondary Trend
Start date: January 21, 2025
End date: April 24, 2025
a = 10.0178
b = -0.0032
s = 0.0349
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0032) – 1
= -68.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0349) – 1
= 15.00%
January 21, 2025 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,730 + 2 × s)
= Exp(10.0178 + -0.0032 × 1,730 + 2 × 0.0349)
= Exp(4.6296)
= $102.47
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,730 – 2 × s)
= Exp(10.0178 + -0.0032 × 1,730 – 2 × 0.0349)
= Exp(4.4898)
= $89.10
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(10.0178 + -0.0032 × 1,823 + 2 × 0.0349)
= Exp(4.3361)
= $76.41
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(10.0178 + -0.0032 × 1,823 – 2 × 0.0349)
= Exp(4.1964)
= $66.44
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 68.39% per annum.
- IR price at the close of April 24, 2025 was inside the secondary price channel.