nVent Electric PLC (NVT)
nVent Electric plc designs, manufactures, markets, installs and services electrical connection and protection products in the United States, Canada, Western and Eastern Europe included in the European Union, China, Eastern Europe not included in the European Union, America Latin, Middle East, Southeast Asia, Australia and Japan. The company is headquartered in London, the United Kingdom.
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 59.90% per annum.
- NVT price at the close of November 19, 2024 was $75.51 and was lower than the bottom border of the primary price channel by $4.99 (6.20%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.13% per annum.
- NVT price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 NVT 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: June 13, 2022
End date: July 23, 2024
a = 2.1743
b = 0.0013
s = 0.0671
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0671) – 1
= 30.79%
June 13, 2022 calculations
Top border of price channel:
Exp(Y644)
= Exp(a + b × X644 + 2 × s)
= Exp(a + b × 936 + 2 × s)
= Exp(2.1743 + 0.0013 × 936 + 2 × 0.0671)
= Exp(3.5122)
= $33.52
Bottom border of price channel:
Exp(Y644)
= Exp(a + b × X644 – 2 × s)
= Exp(a + b × 936 – 2 × s)
= Exp(2.1743 + 0.0013 × 936 – 2 × 0.0671)
= Exp(3.2437)
= $25.63
July 23, 2024 calculations
Top border of price channel:
Exp(Y1,173)
= Exp(a + b × X1,173 + 2 × s)
= Exp(a + b × 1,707 + 2 × s)
= Exp(2.1743 + 0.0013 × 1,707 + 2 × 0.0671)
= Exp(4.5036)
= $90.34
Bottom border of price channel:
Exp(Y1,173)
= Exp(a + b × X1,173 – 2 × s)
= Exp(a + b × 1,707 – 2 × s)
= Exp(2.1743 + 0.0013 × 1,707 – 2 × 0.0671)
= Exp(4.2352)
= $69.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 59.90% per annum.
- NVT price at the close of November 19, 2024 was $75.51 and was lower than the bottom border of the primary price channel by $4.99 (6.20%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 19, 2024
End date: November 5, 2024
a = 5.2153
b = -0.0005
s = 0.0697
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -18.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0697) – 1
= 32.13%
March 19, 2024 calculations
Top border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 + 2 × s)
= Exp(a + b × 1,581 + 2 × s)
= Exp(5.2153 + -0.0005 × 1,581 + 2 × 0.0697)
= Exp(4.4883)
= $88.97
Bottom border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 – 2 × s)
= Exp(a + b × 1,581 – 2 × s)
= Exp(5.2153 + -0.0005 × 1,581 – 2 × 0.0697)
= Exp(4.2097)
= $67.34
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(5.2153 + -0.0005 × 1,812 + 2 × 0.0697)
= Exp(4.3618)
= $78.40
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(5.2153 + -0.0005 × 1,812 – 2 × 0.0697)
= Exp(4.0831)
= $59.33
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.13% per annum.
- NVT price at the close of November 19, 2024 was inside the secondary price channel.