RBC Bearings Incorporated (RBC)
Regal Beloit Corporation designs, manufactures and sells electric motors, electric motion controls, and power generation and transmission products worldwide. The company is headquartered in Beloit, Wisconsin.
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 7.52% per annum.
- RBC price at the close of November 19, 2024 was $322.51 and was higher than the top border of the primary price channel by $23.21 (7.75%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.40% per annum.
- RBC 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 RBC 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: November 16, 2020
End date: November 28, 2023
a = 5.1610
b = 0.0002
s = 0.0888
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0888) – 1
= 42.63%
November 16, 2020 calculations
Top border of price channel:
Exp(Y249)
= Exp(a + b × X249 + 2 × s)
= Exp(a + b × 362 + 2 × s)
= Exp(5.1610 + 0.0002 × 362 + 2 × 0.0888)
= Exp(5.4105)
= $223.75
Bottom border of price channel:
Exp(Y249)
= Exp(a + b × X249 – 2 × s)
= Exp(a + b × 362 – 2 × s)
= Exp(5.1610 + 0.0002 × 362 – 2 × 0.0888)
= Exp(5.0554)
= $156.87
November 28, 2023 calculations
Top border of price channel:
Exp(Y1,011)
= Exp(a + b × X1,011 + 2 × s)
= Exp(a + b × 1,469 + 2 × s)
= Exp(5.1610 + 0.0002 × 1,469 + 2 × 0.0888)
= Exp(5.6305)
= $278.80
Bottom border of price channel:
Exp(Y1,011)
= Exp(a + b × X1,011 – 2 × s)
= Exp(a + b × 1,469 – 2 × s)
= Exp(5.1610 + 0.0002 × 1,469 – 2 × 0.0888)
= Exp(5.2754)
= $195.47
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 7.52% per annum.
- RBC price at the close of November 19, 2024 was $322.51 and was higher than the top border of the primary price channel by $23.21 (7.75%).
Secondary Trend
Start date: March 10, 2023
End date: November 19, 2024
a = 4.6271
b = 0.0006
s = 0.0496
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0496) – 1
= 21.95%
March 10, 2023 calculations
Top border of price channel:
Exp(Y830)
= Exp(a + b × X830 + 2 × s)
= Exp(a + b × 1,206 + 2 × s)
= Exp(4.6271 + 0.0006 × 1,206 + 2 × 0.0496)
= Exp(5.4477)
= $232.21
Bottom border of price channel:
Exp(Y830)
= Exp(a + b × X830 – 2 × s)
= Exp(a + b × 1,206 – 2 × s)
= Exp(4.6271 + 0.0006 × 1,206 – 2 × 0.0496)
= Exp(5.2493)
= $190.42
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(4.6271 + 0.0006 × 1,826 + 2 × 0.0496)
= Exp(5.8185)
= $336.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.6271 + 0.0006 × 1,826 – 2 × 0.0496)
= Exp(5.6201)
= $275.92
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.40% per annum.
- RBC price at the close of November 19, 2024 was inside the secondary price channel.