Westinghouse Air Brake Technologies Corp (WAB)
Wabtec Corporation (derived from Westinghouse Air Brake Technologies Corporation) is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower Industries Corporation in 1999. It is headquartered in Pittsburgh, Pennsylvania.
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 55.67% per annum.
- WAB price at the close of November 19, 2024 was $196.12 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 153.32% per annum.
- WAB price at the close of November 19, 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 WAB 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, 2023
End date: November 19, 2024
a = 3.0311
b = 0.0012
s = 0.0566
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 55.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0566) – 1
= 25.40%
March 15, 2023 calculations
Top border of price channel:
Exp(Y833)
= Exp(a + b × X833 + 2 × s)
= Exp(a + b × 1,211 + 2 × s)
= Exp(3.0311 + 0.0012 × 1,211 + 2 × 0.0566)
= Exp(4.6126)
= $100.75
Bottom border of price channel:
Exp(Y833)
= Exp(a + b × X833 – 2 × s)
= Exp(a + b × 1,211 – 2 × s)
= Exp(3.0311 + 0.0012 × 1,211 – 2 × 0.0566)
= Exp(4.3863)
= $80.34
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(3.0311 + 0.0012 × 1,826 + 2 × 0.0566)
= Exp(5.3584)
= $212.37
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0311 + 0.0012 × 1,826 – 2 × 0.0566)
= Exp(5.1320)
= $169.35
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 55.67% per annum.
- WAB price at the close of November 19, 2024 was $196.12 and was inside the primary price channel.
Secondary Trend
Start date: August 1, 2024
End date: November 19, 2024
a = 0.6603
b = 0.0025
s = 0.0198
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 153.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0198) – 1
= 8.23%
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(0.6603 + 0.0025 × 1,716 + 2 × 0.0198)
= Exp(5.0697)
= $159.12
Bottom border of price channel:
Exp(Y1,180)
= Exp(a + b × X1,180 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(0.6603 + 0.0025 × 1,716 – 2 × 0.0198)
= Exp(4.9905)
= $147.02
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(0.6603 + 0.0025 × 1,826 + 2 × 0.0198)
= Exp(5.3498)
= $210.56
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6603 + 0.0025 × 1,826 – 2 × 0.0198)
= Exp(5.2707)
= $194.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 153.32% per annum.
- WAB price at the close of November 19, 2024 was inside the secondary price channel.