Ryder System Inc (R)
Ryder System, Inc. is a global transportation and logistics company. The company is headquartered in Miami, Florida.
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 49.93% per annum.
- R price at the close of November 19, 2024 was $159.35 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 86.20% per annum.
- R price at the close of November 19, 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 R 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: April 4, 2023
End date: November 19, 2024
a = 2.9912
b = 0.0011
s = 0.0472
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0472) – 1
= 20.77%
April 4, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(2.9912 + 0.0011 × 1,231 + 2 × 0.0472)
= Exp(4.4515)
= $85.76
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(2.9912 + 0.0011 × 1,231 – 2 × 0.0472)
= Exp(4.2628)
= $71.01
November 19, 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(2.9912 + 0.0011 × 1,826 + 2 × 0.0472)
= Exp(5.1117)
= $165.96
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9912 + 0.0011 × 1,826 – 2 × 0.0472)
= Exp(4.9230)
= $137.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 49.93% per annum.
- R price at the close of November 19, 2024 was $159.35 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: November 19, 2024
a = 1.9492
b = 0.0017
s = 0.0316
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 86.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0316) – 1
= 13.47%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(1.9492 + 0.0017 × 1,651 + 2 × 0.0316)
= Exp(4.8244)
= $124.52
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(1.9492 + 0.0017 × 1,651 – 2 × 0.0316)
= Exp(4.6980)
= $109.73
November 19, 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(1.9492 + 0.0017 × 1,826 + 2 × 0.0316)
= Exp(5.1225)
= $167.75
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9492 + 0.0017 × 1,826 – 2 × 0.0316)
= Exp(4.9961)
= $147.83
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 86.20% per annum.
- R price at the close of November 19, 2024 was inside the secondary price channel.