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 22.85% per annum.
- TWI price at the close of December 2, 2024 was $7.44 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.32% per annum.
- TWI price at the close of December 2, 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 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: December 2, 2024
a = 3.4196
b = -0.0007
s = 0.1684
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1684) – 1
= 96.10%
March 15, 2022 calculations
Top border of price channel:
Exp(Y574)
= Exp(a + b × X574 + 2 × s)
= Exp(a + b × 833 + 2 × s)
= Exp(3.4196 + -0.0007 × 833 + 2 × 0.1684)
= Exp(3.1644)
= $23.67
Bottom border of price channel:
Exp(Y574)
= Exp(a + b × X574 – 2 × s)
= Exp(a + b × 833 – 2 × s)
= Exp(3.4196 + -0.0007 × 833 – 2 × 0.1684)
= Exp(2.4909)
= $12.07
December 2, 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(3.4196 + -0.0007 × 1,826 + 2 × 0.1684)
= Exp(2.4587)
= $11.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4196 + -0.0007 × 1,826 – 2 × 0.1684)
= Exp(1.7852)
= $5.96
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.85% per annum.
- TWI price at the close of December 2, 2024 was $7.44 and was inside the primary price channel.
Secondary Trend
Start date: December 1, 2023
End date: December 2, 2024
a = 6.3221
b = -0.0025
s = 0.1152
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1152) – 1
= 58.51%
December 1, 2023 calculations
Top border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 + 2 × s)
= Exp(a + b × 1,459 + 2 × s)
= Exp(6.3221 + -0.0025 × 1,459 + 2 × 0.1152)
= Exp(2.9568)
= $19.24
Bottom border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 – 2 × s)
= Exp(a + b × 1,459 – 2 × s)
= Exp(6.3221 + -0.0025 × 1,459 – 2 × 0.1152)
= Exp(2.4961)
= $12.14
December 2, 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(6.3221 + -0.0025 × 1,826 + 2 × 0.1152)
= Exp(2.0524)
= $7.79
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.3221 + -0.0025 × 1,826 – 2 × 0.1152)
= Exp(1.5917)
= $4.91
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.32% per annum.
- TWI price at the close of December 2, 2024 was inside the secondary price channel.