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 22.73% per annum.
- TWI price at the close of April 2, 2025 was $8.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.04% per annum.
- TWI price at the close of April 2, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 2, 2025
a = 3.3279
b = -0.0007
s = 0.1638
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1638) – 1
= 92.56%
March 15, 2022 calculations
Top border of price channel:
Exp(Y490)
= Exp(a + b × X490 + 2 × s)
= Exp(a + b × 711 + 2 × s)
= Exp(3.3279 + -0.0007 × 711 + 2 × 0.1638)
= Exp(3.1531)
= $23.41
Bottom border of price channel:
Exp(Y490)
= Exp(a + b × X490 – 2 × s)
= Exp(a + b × 711 – 2 × s)
= Exp(3.3279 + -0.0007 × 711 – 2 × 0.1638)
= Exp(2.4979)
= $12.16
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.3279 + -0.0007 × 1,825 + 2 × 0.1638)
= Exp(2.3660)
= $10.65
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.3279 + -0.0007 × 1,825 – 2 × 0.1638)
= Exp(1.7107)
= $5.53
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.73% per annum.
- TWI price at the close of April 2, 2025 was $8.22 and was inside the primary price channel.
Secondary Trend
Start date: October 3, 2024
End date: April 2, 2025
a = -0.4274
b = 0.0014
s = 0.0685
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0685) – 1
= 31.51%
October 3, 2024 calculations
Top border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 + 2 × s)
= Exp(a + b × 1,644 + 2 × s)
= Exp(-0.4274 + 0.0014 × 1,644 + 2 × 0.0685)
= Exp(2.0474)
= $7.75
Bottom border of price channel:
Exp(Y1,132)
= Exp(a + b × X1,132 – 2 × s)
= Exp(a + b × 1,644 – 2 × s)
= Exp(-0.4274 + 0.0014 × 1,644 – 2 × 0.0685)
= Exp(1.7735)
= $5.89
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-0.4274 + 0.0014 × 1,825 + 2 × 0.0685)
= Exp(2.3048)
= $10.02
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-0.4274 + 0.0014 × 1,825 – 2 × 0.0685)
= Exp(2.0309)
= $7.62
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.04% per annum.
- TWI price at the close of April 2, 2025 was inside the secondary price channel.