Williams Companies Inc (WMB)
The Williams Companies, Inc., is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets.
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 70.81% per annum.
- WMB price at the close of November 20, 2024 was $58.70 and was higher than the top border of the primary price channel by $4.19 (7.69%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 301.32% per annum.
- WMB price at the close of November 20, 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 WMB 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 11, 2024
End date: November 5, 2024
a = 1.2622
b = 0.0015
s = 0.0288
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0288) – 1
= 12.22%
January 11, 2024 calculations
Top border of price channel:
Exp(Y1,040)
= Exp(a + b × X1,040 + 2 × s)
= Exp(a + b × 1,512 + 2 × s)
= Exp(1.2622 + 0.0015 × 1,512 + 2 × 0.0288)
= Exp(3.5377)
= $34.39
Bottom border of price channel:
Exp(Y1,040)
= Exp(a + b × X1,040 – 2 × s)
= Exp(a + b × 1,512 – 2 × s)
= Exp(1.2622 + 0.0015 × 1,512 – 2 × 0.0288)
= Exp(3.4224)
= $30.64
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(1.2622 + 0.0015 × 1,811 + 2 × 0.0288)
= Exp(3.9763)
= $53.32
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(1.2622 + 0.0015 × 1,811 – 2 × 0.0288)
= Exp(3.8610)
= $47.51
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 70.81% per annum.
- WMB price at the close of November 20, 2024 was $58.70 and was higher than the top border of the primary price channel by $4.19 (7.69%).
Secondary Trend
Start date: September 4, 2024
End date: November 20, 2024
a = -2.8963
b = 0.0038
s = 0.0193
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0038) – 1
= 301.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0193) – 1
= 8.02%
September 4, 2024 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(-2.8963 + 0.0038 × 1,749 + 2 × 0.0193)
= Exp(3.8009)
= $44.74
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(-2.8963 + 0.0038 × 1,749 – 2 × 0.0193)
= Exp(3.7238)
= $41.42
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(-2.8963 + 0.0038 × 1,826 + 2 × 0.0193)
= Exp(4.0941)
= $59.98
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.8963 + 0.0038 × 1,826 – 2 × 0.0193)
= Exp(4.0169)
= $55.53
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 301.32% per annum.
- WMB price at the close of November 20, 2024 was inside the secondary price channel.