Titan International Inc (TWI)
Titan International, Inc. manufactures and sells wheels, tires, and undercarriage systems and components for off-road vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. . The company is headquartered in Quincy, Illinois.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.02% per annum.
- TWI price at the close of April 24, 2025 was $7.58 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 38.26% per annum.
- TWI price at the close of April 24, 2025 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 TWI 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 15, 2022
End date: April 24, 2025
a = 3.3217
b = -0.0007
s = 0.1629
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1629) – 1
= 91.88%
March 15, 2022 calculations
Top border of price channel:
Exp(Y475)
= Exp(a + b × X475 + 2 × s)
= Exp(a + b × 687 + 2 × s)
= Exp(3.3217 + -0.0007 × 687 + 2 × 0.1629)
= Exp(3.1551)
= $23.46
Bottom border of price channel:
Exp(Y475)
= Exp(a + b × X475 – 2 × s)
= Exp(a + b × 687 – 2 × s)
= Exp(3.3217 + -0.0007 × 687 – 2 × 0.1629)
= Exp(2.5035)
= $12.22
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.3217 + -0.0007 × 1,823 + 2 × 0.1629)
= Exp(2.3410)
= $10.39
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.3217 + -0.0007 × 1,823 – 2 × 0.1629)
= Exp(1.6893)
= $5.42
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.02% per annum.
- TWI price at the close of April 24, 2025 was $7.58 and was inside the primary price channel.
Secondary Trend
Start date: September 20, 2023
End date: April 24, 2025
a = 4.2766
b = -0.0013
s = 0.1581
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -38.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1581) – 1
= 88.20%
September 20, 2023 calculations
Top border of price channel:
Exp(Y856)
= Exp(a + b × X856 + 2 × s)
= Exp(a + b × 1,241 + 2 × s)
= Exp(4.2766 + -0.0013 × 1,241 + 2 × 0.1581)
= Exp(2.9533)
= $19.17
Bottom border of price channel:
Exp(Y856)
= Exp(a + b × X856 – 2 × s)
= Exp(a + b × 1,241 – 2 × s)
= Exp(4.2766 + -0.0013 × 1,241 – 2 × 0.1581)
= Exp(2.3209)
= $10.18
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.2766 + -0.0013 × 1,823 + 2 × 0.1581)
= Exp(2.1844)
= $8.89
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.2766 + -0.0013 × 1,823 – 2 × 0.1581)
= Exp(1.5520)
= $4.72
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 38.26% per annum.
- TWI price at the close of April 24, 2025 was inside the secondary price channel.