Schneider National Inc (SNDR)
Schneider National, Inc., a surface transportation and logistics solutions company, provides trucking, intermodal and logistics services in North America. The company is headquartered in Green Bay, 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 90.76% per annum.
- SNDR price at the close of November 19, 2024 was $30.88 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 47.85% per annum.
- SNDR 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 SNDR 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: April 12, 2024
End date: November 19, 2024
a = 0.1894
b = 0.0018
s = 0.0340
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 90.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0340) – 1
= 14.55%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 + 2 × s)
= Exp(a + b × 1,605 + 2 × s)
= Exp(0.1894 + 0.0018 × 1,605 + 2 × 0.0340)
= Exp(3.0973)
= $22.14
Bottom border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 – 2 × s)
= Exp(a + b × 1,605 – 2 × s)
= Exp(0.1894 + 0.0018 × 1,605 – 2 × 0.0340)
= Exp(2.9615)
= $19.33
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(0.1894 + 0.0018 × 1,826 + 2 × 0.0340)
= Exp(3.4883)
= $32.73
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.1894 + 0.0018 × 1,826 – 2 × 0.0340)
= Exp(3.3525)
= $28.57
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 90.76% per annum.
- SNDR price at the close of November 19, 2024 was $30.88 and was inside the primary price channel.
Secondary Trend
Start date: July 25, 2024
End date: November 19, 2024
a = 1.4327
b = 0.0011
s = 0.0291
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0291) – 1
= 12.33%
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,709 + 2 × s)
= Exp(1.4327 + 0.0011 × 1,709 + 2 × 0.0291)
= Exp(3.3217)
= $27.71
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,709 – 2 × s)
= Exp(1.4327 + 0.0011 × 1,709 – 2 × 0.0291)
= Exp(3.2054)
= $24.67
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(1.4327 + 0.0011 × 1,826 + 2 × 0.0291)
= Exp(3.4470)
= $31.41
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4327 + 0.0011 × 1,826 – 2 × 0.0291)
= Exp(3.3307)
= $27.96
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 47.85% per annum.
- SNDR price at the close of November 19, 2024 was inside the secondary price channel.