Winnebago Industries Inc (WGO)
Winnebago Industries, Inc. manufactures and sells recreational vehicles and marine products primarily for use in leisure travel and outdoor recreational activities. The company is headquartered in Forest City, Iowa.
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 23.81% per annum.
- WGO price at the close of November 20, 2024 was $57.30 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.91% per annum.
- WGO price at the close of November 20, 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 WGO 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: December 1, 2023
End date: November 4, 2024
a = 5.3428
b = -0.0007
s = 0.0519
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0519) – 1
= 23.05%
December 1, 2023 calculations
Top border of price channel:
Exp(Y1,013)
= Exp(a + b × X1,013 + 2 × s)
= Exp(a + b × 1,471 + 2 × s)
= Exp(5.3428 + -0.0007 × 1,471 + 2 × 0.0519)
= Exp(4.3504)
= $77.51
Bottom border of price channel:
Exp(Y1,013)
= Exp(a + b × X1,013 – 2 × s)
= Exp(a + b × 1,471 – 2 × s)
= Exp(5.3428 + -0.0007 × 1,471 – 2 × 0.0519)
= Exp(4.1430)
= $62.99
November 4, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(5.3428 + -0.0007 × 1,810 + 2 × 0.0519)
= Exp(4.0978)
= $60.21
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(5.3428 + -0.0007 × 1,810 – 2 × 0.0519)
= Exp(3.8904)
= $48.93
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 23.81% per annum.
- WGO price at the close of November 20, 2024 was $57.30 and was inside the primary price channel.
Secondary Trend
Start date: June 13, 2024
End date: November 20, 2024
a = 3.1750
b = 0.0005
s = 0.0428
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0428) – 1
= 18.67%
June 13, 2024 calculations
Top border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 + 2 × s)
= Exp(a + b × 1,666 + 2 × s)
= Exp(3.1750 + 0.0005 × 1,666 + 2 × 0.0428)
= Exp(4.0893)
= $59.70
Bottom border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 – 2 × s)
= Exp(a + b × 1,666 – 2 × s)
= Exp(3.1750 + 0.0005 × 1,666 – 2 × 0.0428)
= Exp(3.9181)
= $50.31
November 20, 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(3.1750 + 0.0005 × 1,826 + 2 × 0.0428)
= Exp(4.1688)
= $64.64
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1750 + 0.0005 × 1,826 – 2 × 0.0428)
= Exp(3.9977)
= $54.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.91% per annum.
- WGO price at the close of November 20, 2024 was inside the secondary price channel.