Werner Enterprises Inc (WERN)
Werner Enterprises, Inc., a transportation and logistics company, is engaged in the transportation of general freight shipments in interstate and intrastate commerce in the United States, Mexico, and internationally. The company is headquartered in Omaha, Nebraska.
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 13.51% per annum.
- WERN price at the close of November 19, 2024 was $39.24 and was higher than the top border of the primary price channel by $1.31 (3.46%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.13% per annum.
- WERN price at the close of November 19, 2024 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 WERN 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: January 17, 2023
End date: October 15, 2024
a = 4.2724
b = -0.0004
s = 0.0448
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0448) – 1
= 19.61%
January 17, 2023 calculations
Top border of price channel:
Exp(Y793)
= Exp(a + b × X793 + 2 × s)
= Exp(a + b × 1,154 + 2 × s)
= Exp(4.2724 + -0.0004 × 1,154 + 2 × 0.0448)
= Exp(3.9030)
= $49.55
Bottom border of price channel:
Exp(Y793)
= Exp(a + b × X793 – 2 × s)
= Exp(a + b × 1,154 – 2 × s)
= Exp(4.2724 + -0.0004 × 1,154 – 2 × 0.0448)
= Exp(3.7239)
= $41.43
October 15, 2024 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,791 + 2 × s)
= Exp(4.2724 + -0.0004 × 1,791 + 2 × 0.0448)
= Exp(3.6496)
= $38.46
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,791 – 2 × s)
= Exp(4.2724 + -0.0004 × 1,791 – 2 × 0.0448)
= Exp(3.4706)
= $32.15
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.51% per annum.
- WERN price at the close of November 19, 2024 was $39.24 and was higher than the top border of the primary price channel by $1.31 (3.46%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 10, 2024
End date: November 19, 2024
a = 3.0264
b = 0.0003
s = 0.0302
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 13.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0302) – 1
= 12.84%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(3.0264 + 0.0003 × 1,603 + 2 × 0.0302)
= Exp(3.6288)
= $37.67
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(3.0264 + 0.0003 × 1,603 – 2 × 0.0302)
= Exp(3.5080)
= $33.38
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(3.0264 + 0.0003 × 1,826 + 2 × 0.0302)
= Exp(3.7042)
= $40.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0264 + 0.0003 × 1,826 – 2 × 0.0302)
= Exp(3.5834)
= $35.99
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.13% per annum.
- WERN price at the close of November 19, 2024 was inside the secondary price channel.