Knight Transportation Inc (KNX)
Knight-Swift Transportation Holdings Inc., provides truck cargo transportation services in the United States, Mexico and Canada. The company is headquartered in Phoenix, Arizona.
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 83.11% per annum.
- KNX price at the close of March 31, 2025 was $43.49 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.26% per annum.
- KNX price at the close of March 31, 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 KNX 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: January 27, 2025
End date: March 31, 2025
a = 12.6506
b = -0.0049
s = 0.0145
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0049) – 1
= -83.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0145) – 1
= 5.95%
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(12.6506 + -0.0049 × 1,762 + 2 × 0.0145)
= Exp(4.0938)
= $59.97
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(12.6506 + -0.0049 × 1,762 – 2 × 0.0145)
= Exp(4.0360)
= $56.60
March 31, 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(12.6506 + -0.0049 × 1,825 + 2 × 0.0145)
= Exp(3.7869)
= $44.12
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.6506 + -0.0049 × 1,825 – 2 × 0.0145)
= Exp(3.7290)
= $41.64
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 83.11% per annum.
- KNX price at the close of March 31, 2025 was $43.49 and was inside the primary price channel.
Secondary Trend
Start date: March 7, 2025
End date: March 31, 2025
a = 10.0084
b = -0.0034
s = 0.0124
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0034) – 1
= -71.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0124) – 1
= 5.07%
March 7, 2025 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(10.0084 + -0.0034 × 1,801 + 2 × 0.0124)
= Exp(3.8815)
= $48.49
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(10.0084 + -0.0034 × 1,801 – 2 × 0.0124)
= Exp(3.8320)
= $46.16
March 31, 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(10.0084 + -0.0034 × 1,825 + 2 × 0.0124)
= Exp(3.7995)
= $44.68
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.0084 + -0.0034 × 1,825 – 2 × 0.0124)
= Exp(3.7501)
= $42.52
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.26% per annum.
- KNX price at the close of March 31, 2025 was inside the secondary price channel.