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 105.81% per annum.
- SNDR price at the close of October 21, 2024 was $27.63 and was lower than the bottom border of the primary price channel by $0.44 (1.56%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.40% per annum.
- SNDR price at the close of October 21, 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: October 2, 2024
a = -0.2144
b = 0.0020
s = 0.0310
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 105.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0310) – 1
= 13.18%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 + 2 × s)
= Exp(a + b × 1,634 + 2 × s)
= Exp(-0.2144 + 0.0020 × 1,634 + 2 × 0.0310)
= Exp(3.0787)
= $21.73
Bottom border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 – 2 × s)
= Exp(a + b × 1,634 – 2 × s)
= Exp(-0.2144 + 0.0020 × 1,634 – 2 × 0.0310)
= Exp(2.9549)
= $19.20
October 2, 2024 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(-0.2144 + 0.0020 × 1,807 + 2 × 0.0310)
= Exp(3.4208)
= $30.59
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(-0.2144 + 0.0020 × 1,807 – 2 × 0.0310)
= Exp(3.2970)
= $27.03
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 105.81% per annum.
- SNDR price at the close of October 21, 2024 was $27.63 and was lower than the bottom border of the primary price channel by $0.44 (1.56%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 26, 2024
End date: October 21, 2024
a = 2.3203
b = 0.0006
s = 0.0190
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0190) – 1
= 7.91%
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 + 2 × s)
= Exp(a + b × 1,739 + 2 × s)
= Exp(2.3203 + 0.0006 × 1,739 + 2 × 0.0190)
= Exp(3.3214)
= $27.70
Bottom border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 – 2 × s)
= Exp(a + b × 1,739 – 2 × s)
= Exp(2.3203 + 0.0006 × 1,739 – 2 × 0.0190)
= Exp(3.2453)
= $25.67
October 21, 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(2.3203 + 0.0006 × 1,826 + 2 × 0.0190)
= Exp(3.3696)
= $29.07
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3203 + 0.0006 × 1,826 – 2 × 0.0190)
= Exp(3.2935)
= $26.94
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.40% per annum.
- SNDR price at the close of October 21, 2024 was inside the secondary price channel.