Smurfit WestRock plc (SW)
Smurfit Westrock Plc, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company is headquartered in Dublin, Ireland.
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 816.94% per annum.
- SW price at the close of November 20, 2024 was $55.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 123.37% per annum.
- SW 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 SW 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: October 14, 2024
End date: November 20, 2024
a = 3.1802
b = 0.0061
s = 0.0370
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0061) – 1
= 816.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0370) – 1
= 15.96%
October 14, 2024 calculations
Top border of price channel:
Exp(Y69)
= Exp(a + b × X69 + 2 × s)
= Exp(a + b × 98 + 2 × s)
= Exp(3.1802 + 0.0061 × 98 + 2 × 0.0370)
= Exp(3.8492)
= $46.96
Bottom border of price channel:
Exp(Y69)
= Exp(a + b × X69 – 2 × s)
= Exp(a + b × 98 – 2 × s)
= Exp(3.1802 + 0.0061 × 98 – 2 × 0.0370)
= Exp(3.7011)
= $40.49
November 20, 2024 calculations
Top border of price channel:
Exp(Y96)
= Exp(a + b × X96 + 2 × s)
= Exp(a + b × 135 + 2 × s)
= Exp(3.1802 + 0.0061 × 135 + 2 × 0.0370)
= Exp(4.0738)
= $58.78
Bottom border of price channel:
Exp(Y96)
= Exp(a + b × X96 – 2 × s)
= Exp(a + b × 135 – 2 × s)
= Exp(3.1802 + 0.0061 × 135 – 2 × 0.0370)
= Exp(3.9258)
= $50.69
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 816.94% per annum.
- SW price at the close of November 20, 2024 was $55.70 and was inside the primary price channel.
Secondary Trend
Start date: October 30, 2024
End date: November 20, 2024
a = 3.6747
b = 0.0022
s = 0.0254
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 123.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0254) – 1
= 10.71%
October 30, 2024 calculations
Top border of price channel:
Exp(Y81)
= Exp(a + b × X81 + 2 × s)
= Exp(a + b × 114 + 2 × s)
= Exp(3.6747 + 0.0022 × 114 + 2 × 0.0254)
= Exp(3.9766)
= $53.34
Bottom border of price channel:
Exp(Y81)
= Exp(a + b × X81 – 2 × s)
= Exp(a + b × 114 – 2 × s)
= Exp(3.6747 + 0.0022 × 114 – 2 × 0.0254)
= Exp(3.8748)
= $48.18
November 20, 2024 calculations
Top border of price channel:
Exp(Y96)
= Exp(a + b × X96 + 2 × s)
= Exp(a + b × 135 + 2 × s)
= Exp(3.6747 + 0.0022 × 135 + 2 × 0.0254)
= Exp(4.0228)
= $55.86
Bottom border of price channel:
Exp(Y96)
= Exp(a + b × X96 – 2 × s)
= Exp(a + b × 135 – 2 × s)
= Exp(3.6747 + 0.0022 × 135 – 2 × 0.0254)
= Exp(3.9211)
= $50.46
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 123.37% per annum.
- SW price at the close of November 20, 2024 was inside the secondary price channel.