Southwest Gas Holdings Inc (SWX)
Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.
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 22.27% per annum.
- SWX price at the close of November 19, 2024 was $79.11 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.29% per annum.
- SWX price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $1.84 (2.38%).
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 SWX 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: March 1, 2023
End date: November 19, 2024
a = 3.3216
b = 0.0006
s = 0.0598
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0598) – 1
= 27.03%
March 1, 2023 calculations
Top border of price channel:
Exp(Y823)
= Exp(a + b × X823 + 2 × s)
= Exp(a + b × 1,197 + 2 × s)
= Exp(3.3216 + 0.0006 × 1,197 + 2 × 0.0598)
= Exp(4.1006)
= $60.38
Bottom border of price channel:
Exp(Y823)
= Exp(a + b × X823 – 2 × s)
= Exp(a + b × 1,197 – 2 × s)
= Exp(3.3216 + 0.0006 × 1,197 – 2 × 0.0598)
= Exp(3.8613)
= $47.53
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(3.3216 + 0.0006 × 1,826 + 2 × 0.0598)
= Exp(4.4471)
= $85.38
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3216 + 0.0006 × 1,826 – 2 × 0.0598)
= Exp(4.2078)
= $67.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 22.27% per annum.
- SWX price at the close of November 19, 2024 was $79.11 and was inside the primary price channel.
Secondary Trend
Start date: March 6, 2024
End date: November 19, 2024
a = 4.1779
b = 0.0001
s = 0.0279
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0279) – 1
= 11.83%
March 6, 2024 calculations
Top border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(4.1779 + 0.0001 × 1,568 + 2 × 0.0279)
= Exp(4.3312)
= $76.04
Bottom border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(4.1779 + 0.0001 × 1,568 – 2 × 0.0279)
= Exp(4.2194)
= $68.00
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(4.1779 + 0.0001 × 1,826 + 2 × 0.0279)
= Exp(4.3473)
= $77.27
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.1779 + 0.0001 × 1,826 – 2 × 0.0279)
= Exp(4.2355)
= $69.09
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.29% per annum.
- SWX price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $1.84 (2.38%).