Worthington Industries Inc (WOR)
Worthington Industries, Inc., a metal fabrication company, focuses on processing value-added steel and metal products manufactured in the United States, Austria, Canada, Mexico, Poland, and Portugal. The company is headquartered in Columbus, Ohio.
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 187.56% per annum.
- WOR price at the close of July 14, 2025 was $63.96 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.89% per annum.
- WOR price at the close of July 14, 2025 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 WOR 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 30, 2024
End date: July 14, 2025
a = -1.1077
b = 0.0029
s = 0.0623
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 187.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0623) – 1
= 28.31%
December 30, 2024 calculations
Top border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 + 2 × s)
= Exp(a + b × 1,629 + 2 × s)
= Exp(-1.1077 + 0.0029 × 1,629 + 2 × 0.0623)
= Exp(3.7310)
= $41.72
Bottom border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 – 2 × s)
= Exp(a + b × 1,629 – 2 × s)
= Exp(-1.1077 + 0.0029 × 1,629 – 2 × 0.0623)
= Exp(3.4817)
= $32.52
July 14, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-1.1077 + 0.0029 × 1,825 + 2 × 0.0623)
= Exp(4.2982)
= $73.57
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.1077 + 0.0029 × 1,825 – 2 × 0.0623)
= Exp(4.0489)
= $57.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 187.56% per annum.
- WOR price at the close of July 14, 2025 was $63.96 and was inside the primary price channel.
Secondary Trend
Start date: May 7, 2025
End date: July 14, 2025
a = 1.3619
b = 0.0015
s = 0.0240
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0240) – 1
= 10.07%
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,757 + 2 × s)
= Exp(1.3619 + 0.0015 × 1,757 + 2 × 0.0240)
= Exp(4.1007)
= $60.38
Bottom border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,757 – 2 × s)
= Exp(1.3619 + 0.0015 × 1,757 – 2 × 0.0240)
= Exp(4.0047)
= $54.86
July 14, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.3619 + 0.0015 × 1,825 + 2 × 0.0240)
= Exp(4.2049)
= $67.01
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.3619 + 0.0015 × 1,825 – 2 × 0.0240)
= Exp(4.1089)
= $60.88
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.89% per annum.
- WOR price at the close of July 14, 2025 was inside the secondary price channel.