Cactus Inc (WHD)
Cactus, Inc. designs, manufactures, sells, and leases a variety of wellheads and pressure control equipment in the United States. The company is headquartered in Houston, Texas.
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 61.45% per annum.
- WHD price at the close of November 22, 2024 was $68.99 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 692.49% per annum.
- WHD price at the close of November 22, 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 WHD 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: November 16, 2023
End date: November 22, 2024
a = 1.7843
b = 0.0013
s = 0.0497
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 61.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0497) – 1
= 21.97%
November 16, 2023 calculations
Top border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 + 2 × s)
= Exp(a + b × 1,452 + 2 × s)
= Exp(1.7843 + 0.0013 × 1,452 + 2 × 0.0497)
= Exp(3.7892)
= $44.22
Bottom border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 – 2 × s)
= Exp(a + b × 1,452 – 2 × s)
= Exp(1.7843 + 0.0013 × 1,452 – 2 × 0.0497)
= Exp(3.5905)
= $36.25
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.7843 + 0.0013 × 1,824 + 2 × 0.0497)
= Exp(4.2773)
= $72.05
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.7843 + 0.0013 × 1,824 – 2 × 0.0497)
= Exp(4.0787)
= $59.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 61.45% per annum.
- WHD price at the close of November 22, 2024 was $68.99 and was inside the primary price channel.
Secondary Trend
Start date: October 22, 2024
End date: November 22, 2024
a = -6.1118
b = 0.0057
s = 0.0384
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0057) – 1
= 692.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0384) – 1
= 16.61%
October 22, 2024 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(-6.1118 + 0.0057 × 1,793 + 2 × 0.0384)
= Exp(4.1336)
= $62.40
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(-6.1118 + 0.0057 × 1,793 – 2 × 0.0384)
= Exp(3.9799)
= $53.51
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-6.1118 + 0.0057 × 1,824 + 2 × 0.0384)
= Exp(4.3094)
= $74.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-6.1118 + 0.0057 × 1,824 – 2 × 0.0384)
= Exp(4.1557)
= $63.80
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 692.49% per annum.
- WHD price at the close of November 22, 2024 was inside the secondary price channel.