Regal Beloit Corporation (RRX)
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 3.46% per annum.
- RRX price at the close of November 19, 2024 was $172.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.86% per annum.
- RRX 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 RRX 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 6, 2021
End date: September 17, 2024
a = 4.8325
b = 0.0001
s = 0.1090
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1090) – 1
= 54.64%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(4.8325 + 0.0001 × 413 + 2 × 0.1090)
= Exp(5.0890)
= $162.23
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(4.8325 + 0.0001 × 413 – 2 × 0.1090)
= Exp(4.6531)
= $104.91
September 17, 2024 calculations
Top border of price channel:
Exp(Y1,212)
= Exp(a + b × X1,212 + 2 × s)
= Exp(a + b × 1,763 + 2 × s)
= Exp(4.8325 + 0.0001 × 1,763 + 2 × 0.1090)
= Exp(5.2148)
= $183.98
Bottom border of price channel:
Exp(Y1,212)
= Exp(a + b × X1,212 – 2 × s)
= Exp(a + b × 1,763 – 2 × s)
= Exp(4.8325 + 0.0001 × 1,763 – 2 × 0.1090)
= Exp(4.7789)
= $118.98
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3.46% per annum.
- RRX price at the close of November 19, 2024 was $172.02 and was inside the primary price channel.
Secondary Trend
Start date: June 4, 2024
End date: November 19, 2024
a = 2.3852
b = 0.0015
s = 0.0391
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0391) – 1
= 16.94%
June 4, 2024 calculations
Top border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 + 2 × s)
= Exp(a + b × 1,658 + 2 × s)
= Exp(2.3852 + 0.0015 × 1,658 + 2 × 0.0391)
= Exp(5.0018)
= $148.68
Bottom border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 – 2 × s)
= Exp(a + b × 1,658 – 2 × s)
= Exp(2.3852 + 0.0015 × 1,658 – 2 × 0.0391)
= Exp(4.8453)
= $127.14
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(2.3852 + 0.0015 × 1,826 + 2 × 0.0391)
= Exp(5.2590)
= $192.29
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3852 + 0.0015 × 1,826 – 2 × 0.0391)
= Exp(5.1025)
= $164.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.86% per annum.
- RRX price at the close of November 19, 2024 was inside the secondary price channel.