RXO Inc. (RXO)
None
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 93.96% per annum.
- RXO price at the close of November 19, 2024 was $27.42 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 15.02% per annum.
- RXO price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 RXO 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: February 27, 2024
End date: November 11, 2024
a = 2.0750
b = 0.0018
s = 0.0928
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 93.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0928) – 1
= 44.94%
February 27, 2024 calculations
Top border of price channel:
Exp(Y333)
= Exp(a + b × X333 + 2 × s)
= Exp(a + b × 488 + 2 × s)
= Exp(2.0750 + 0.0018 × 488 + 2 × 0.0928)
= Exp(3.1462)
= $23.25
Bottom border of price channel:
Exp(Y333)
= Exp(a + b × X333 – 2 × s)
= Exp(a + b × 488 – 2 × s)
= Exp(2.0750 + 0.0018 × 488 – 2 × 0.0928)
= Exp(2.7751)
= $16.04
November 11, 2024 calculations
Top border of price channel:
Exp(Y512)
= Exp(a + b × X512 + 2 × s)
= Exp(a + b × 746 + 2 × s)
= Exp(2.0750 + 0.0018 × 746 + 2 × 0.0928)
= Exp(3.6145)
= $37.13
Bottom border of price channel:
Exp(Y512)
= Exp(a + b × X512 – 2 × s)
= Exp(a + b × 746 – 2 × s)
= Exp(2.0750 + 0.0018 × 746 – 2 × 0.0928)
= Exp(3.2434)
= $25.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 93.96% per annum.
- RXO price at the close of November 19, 2024 was $27.42 and was inside the primary price channel.
Secondary Trend
Start date: July 15, 2024
End date: November 19, 2024
a = 3.6541
b = -0.0004
s = 0.0473
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -15.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0473) – 1
= 20.85%
July 15, 2024 calculations
Top border of price channel:
Exp(Y428)
= Exp(a + b × X428 + 2 × s)
= Exp(a + b × 627 + 2 × s)
= Exp(3.6541 + -0.0004 × 627 + 2 × 0.0473)
= Exp(3.4691)
= $32.11
Bottom border of price channel:
Exp(Y428)
= Exp(a + b × X428 – 2 × s)
= Exp(a + b × 627 – 2 × s)
= Exp(3.6541 + -0.0004 × 627 – 2 × 0.0473)
= Exp(3.2797)
= $26.57
November 19, 2024 calculations
Top border of price channel:
Exp(Y518)
= Exp(a + b × X518 + 2 × s)
= Exp(a + b × 754 + 2 × s)
= Exp(3.6541 + -0.0004 × 754 + 2 × 0.0473)
= Exp(3.4125)
= $30.34
Bottom border of price channel:
Exp(Y518)
= Exp(a + b × X518 – 2 × s)
= Exp(a + b × 754 – 2 × s)
= Exp(3.6541 + -0.0004 × 754 – 2 × 0.0473)
= Exp(3.2231)
= $25.11
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 15.02% per annum.
- RXO price at the close of November 19, 2024 was inside the secondary price channel.