Wabash National Corporation (WNC)
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company is headquartered in Lafayette, Indiana.
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 47.28% per annum.
- WNC price at the close of November 19, 2024 was $18.56 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 15.68% per annum.
- WNC 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 WNC 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: February 1, 2024
End date: November 5, 2024
a = 6.0274
b = -0.0018
s = 0.0542
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -47.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0542) – 1
= 24.23%
February 1, 2024 calculations
Top border of price channel:
Exp(Y1,055)
= Exp(a + b × X1,055 + 2 × s)
= Exp(a + b × 1,534 + 2 × s)
= Exp(6.0274 + -0.0018 × 1,534 + 2 × 0.0542)
= Exp(3.4451)
= $31.35
Bottom border of price channel:
Exp(Y1,055)
= Exp(a + b × X1,055 – 2 × s)
= Exp(a + b × 1,534 – 2 × s)
= Exp(6.0274 + -0.0018 × 1,534 – 2 × 0.0542)
= Exp(3.2281)
= $25.23
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(6.0274 + -0.0018 × 1,812 + 2 × 0.0542)
= Exp(2.9575)
= $19.25
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(6.0274 + -0.0018 × 1,812 – 2 × 0.0542)
= Exp(2.7405)
= $15.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.28% per annum.
- WNC price at the close of November 19, 2024 was $18.56 and was inside the primary price channel.
Secondary Trend
Start date: August 2, 2024
End date: November 19, 2024
a = 3.7611
b = -0.0005
s = 0.0342
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0342) – 1
= 14.65%
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,717 + 2 × s)
= Exp(3.7611 + -0.0005 × 1,717 + 2 × 0.0342)
= Exp(3.0270)
= $20.64
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,717 – 2 × s)
= Exp(3.7611 + -0.0005 × 1,717 – 2 × 0.0342)
= Exp(2.8903)
= $18.00
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(3.7611 + -0.0005 × 1,826 + 2 × 0.0342)
= Exp(2.9761)
= $19.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7611 + -0.0005 × 1,826 – 2 × 0.0342)
= Exp(2.8394)
= $17.10
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 15.68% per annum.
- WNC price at the close of November 19, 2024 was inside the secondary price channel.