Republic Services Inc (RSG)
Republic Services, Inc is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue.
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 36.02% per annum.
- RSG price at the close of November 19, 2024 was $210.91 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.46% per annum.
- RSG 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 RSG 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: December 28, 2022
End date: October 23, 2024
a = 3.8417
b = 0.0008
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 36.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.60%
December 28, 2022 calculations
Top border of price channel:
Exp(Y781)
= Exp(a + b × X781 + 2 × s)
= Exp(a + b × 1,134 + 2 × s)
= Exp(3.8417 + 0.0008 × 1,134 + 2 × 0.0341)
= Exp(4.8656)
= $129.74
Bottom border of price channel:
Exp(Y781)
= Exp(a + b × X781 – 2 × s)
= Exp(a + b × 1,134 – 2 × s)
= Exp(3.8417 + 0.0008 × 1,134 – 2 × 0.0341)
= Exp(4.7292)
= $113.21
October 23, 2024 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(3.8417 + 0.0008 × 1,799 + 2 × 0.0341)
= Exp(5.4260)
= $227.23
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(3.8417 + 0.0008 × 1,799 – 2 × 0.0341)
= Exp(5.2897)
= $198.28
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.02% per annum.
- RSG price at the close of November 19, 2024 was $210.91 and was inside the primary price channel.
Secondary Trend
Start date: February 14, 2024
End date: November 19, 2024
a = 4.4085
b = 0.0005
s = 0.0202
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0202) – 1
= 8.44%
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 + 2 × s)
= Exp(a + b × 1,547 + 2 × s)
= Exp(4.4085 + 0.0005 × 1,547 + 2 × 0.0202)
= Exp(5.2380)
= $188.29
Bottom border of price channel:
Exp(Y1,064)
= Exp(a + b × X1,064 – 2 × s)
= Exp(a + b × 1,547 – 2 × s)
= Exp(4.4085 + 0.0005 × 1,547 – 2 × 0.0202)
= Exp(5.1570)
= $173.64
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(4.4085 + 0.0005 × 1,826 + 2 × 0.0202)
= Exp(5.3803)
= $217.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.4085 + 0.0005 × 1,826 – 2 × 0.0202)
= Exp(5.2993)
= $200.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.46% per annum.
- RSG price at the close of November 19, 2024 was inside the secondary price channel.