ITT Inc (ITT)
ITT Inc. manufactures and sells critical engineered components and custom technology solutions for the energy, transportation and industrial markets globally. The company is headquartered in White Plains, New York.
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 40.37% per annum.
- ITT price at the close of November 20, 2024 was $152.20 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.38% per annum.
- ITT price at the close of November 20, 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 ITT 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 9, 2022
End date: November 20, 2024
a = 3.3217
b = 0.0009
s = 0.0617
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0617) – 1
= 28.02%
May 9, 2022 calculations
Top border of price channel:
Exp(Y619)
= Exp(a + b × X619 + 2 × s)
= Exp(a + b × 900 + 2 × s)
= Exp(3.3217 + 0.0009 × 900 + 2 × 0.0617)
= Exp(4.2813)
= $72.33
Bottom border of price channel:
Exp(Y619)
= Exp(a + b × X619 – 2 × s)
= Exp(a + b × 900 – 2 × s)
= Exp(3.3217 + 0.0009 × 900 – 2 × 0.0617)
= Exp(4.0343)
= $56.50
November 20, 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(3.3217 + 0.0009 × 1,826 + 2 × 0.0617)
= Exp(5.1415)
= $170.98
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3217 + 0.0009 × 1,826 – 2 × 0.0617)
= Exp(4.8945)
= $133.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.37% per annum.
- ITT price at the close of November 20, 2024 was $152.20 and was inside the primary price channel.
Secondary Trend
Start date: March 15, 2023
End date: November 20, 2024
a = 3.0797
b = 0.0011
s = 0.0517
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0517) – 1
= 22.99%
March 15, 2023 calculations
Top border of price channel:
Exp(Y832)
= Exp(a + b × X832 + 2 × s)
= Exp(a + b × 1,210 + 2 × s)
= Exp(3.0797 + 0.0011 × 1,210 + 2 × 0.0517)
= Exp(4.4912)
= $89.23
Bottom border of price channel:
Exp(Y832)
= Exp(a + b × X832 – 2 × s)
= Exp(a + b × 1,210 – 2 × s)
= Exp(3.0797 + 0.0011 × 1,210 – 2 × 0.0517)
= Exp(4.2843)
= $72.55
November 20, 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(3.0797 + 0.0011 × 1,826 + 2 × 0.0517)
= Exp(5.1572)
= $173.67
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0797 + 0.0011 × 1,826 – 2 × 0.0517)
= Exp(4.9502)
= $141.21
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.38% per annum.
- ITT price at the close of November 20, 2024 was inside the secondary price channel.