SkyWest Inc (SKYW)
SkyWest, Inc., operates a regional airline in the United States. The company is headquartered in St. George, Utah.
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 145.87% per annum.
- SKYW price at the close of November 20, 2024 was $108.98 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.67% per annum.
- SKYW price at the close of November 20, 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 SKYW 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: September 15, 2022
End date: November 20, 2024
a = 0.2089
b = 0.0025
s = 0.1221
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 145.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1221) – 1
= 62.99%
September 15, 2022 calculations
Top border of price channel:
Exp(Y708)
= Exp(a + b × X708 + 2 × s)
= Exp(a + b × 1,029 + 2 × s)
= Exp(0.2089 + 0.0025 × 1,029 + 2 × 0.1221)
= Exp(2.9893)
= $19.87
Bottom border of price channel:
Exp(Y708)
= Exp(a + b × X708 – 2 × s)
= Exp(a + b × 1,029 – 2 × s)
= Exp(0.2089 + 0.0025 × 1,029 – 2 × 0.1221)
= Exp(2.5008)
= $12.19
November 20, 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(0.2089 + 0.0025 × 1,826 + 2 × 0.1221)
= Exp(4.9537)
= $141.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.2089 + 0.0025 × 1,826 – 2 × 0.1221)
= Exp(4.4651)
= $86.93
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 145.87% per annum.
- SKYW price at the close of November 20, 2024 was $108.98 and was inside the primary price channel.
Secondary Trend
Start date: June 5, 2023
End date: November 20, 2024
a = 1.0484
b = 0.0019
s = 0.0825
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 103.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0825) – 1
= 39.12%
June 5, 2023 calculations
Top border of price channel:
Exp(Y888)
= Exp(a + b × X888 + 2 × s)
= Exp(a + b × 1,292 + 2 × s)
= Exp(1.0484 + 0.0019 × 1,292 + 2 × 0.0825)
= Exp(3.7314)
= $41.74
Bottom border of price channel:
Exp(Y888)
= Exp(a + b × X888 – 2 × s)
= Exp(a + b × 1,292 – 2 × s)
= Exp(1.0484 + 0.0019 × 1,292 – 2 × 0.0825)
= Exp(3.4012)
= $30.00
November 20, 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(1.0484 + 0.0019 × 1,826 + 2 × 0.0825)
= Exp(4.7721)
= $118.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0484 + 0.0019 × 1,826 – 2 × 0.0825)
= Exp(4.4419)
= $84.94
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.67% per annum.
- SKYW price at the close of November 20, 2024 was inside the secondary price channel.