Powell Industries Inc (POWL)
Powell Industries, Inc. designs, develops, manufactures, sells, and services custom-designed equipment and systems for the distribution, control, and monitoring of electrical power. The company is headquartered in Houston, Texas.
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 178.35% per annum.
- POWL price at the close of November 20, 2024 was $261.82 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,118.53% per annum.
- POWL 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 POWL 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: March 14, 2022
End date: November 20, 2024
a = 0.3925
b = 0.0028
s = 0.1634
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 178.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1634) – 1
= 92.22%
March 14, 2022 calculations
Top border of price channel:
Exp(Y580)
= Exp(a + b × X580 + 2 × s)
= Exp(a + b × 844 + 2 × s)
= Exp(0.3925 + 0.0028 × 844 + 2 × 0.1634)
= Exp(3.0864)
= $21.90
Bottom border of price channel:
Exp(Y580)
= Exp(a + b × X580 – 2 × s)
= Exp(a + b × 844 – 2 × s)
= Exp(0.3925 + 0.0028 × 844 – 2 × 0.1634)
= Exp(2.4330)
= $11.39
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(0.3925 + 0.0028 × 1,826 + 2 × 0.1634)
= Exp(5.8406)
= $344.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.3925 + 0.0028 × 1,826 – 2 × 0.1634)
= Exp(5.1872)
= $178.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 178.35% per annum.
- POWL price at the close of November 20, 2024 was $261.82 and was inside the primary price channel.
Secondary Trend
Start date: July 9, 2024
End date: November 20, 2024
a = -6.7554
b = 0.0068
s = 0.0987
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0068) – 1
= 1,118.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0987) – 1
= 48.41%
July 9, 2024 calculations
Top border of price channel:
Exp(Y1,162)
= Exp(a + b × X1,162 + 2 × s)
= Exp(a + b × 1,692 + 2 × s)
= Exp(-6.7554 + 0.0068 × 1,692 + 2 × 0.0987)
= Exp(5.0322)
= $153.26
Bottom border of price channel:
Exp(Y1,162)
= Exp(a + b × X1,162 – 2 × s)
= Exp(a + b × 1,692 – 2 × s)
= Exp(-6.7554 + 0.0068 × 1,692 – 2 × 0.0987)
= Exp(4.6373)
= $103.27
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(-6.7554 + 0.0068 × 1,826 + 2 × 0.0987)
= Exp(5.9500)
= $383.77
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.7554 + 0.0068 × 1,826 – 2 × 0.0987)
= Exp(5.5552)
= $258.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,118.53% per annum.
- POWL price at the close of November 20, 2024 was inside the secondary price channel.