Worthington Steel Inc (WS)
Worthington Steel, Inc. is a steel processor in North America. The company is headquartered in Columbus, Ohio.
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 83.23% per annum.
- WS price at the close of March 31, 2025 was $25.33 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 57.09% per annum.
- WS price at the close of March 31, 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 WS 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 6, 2024
End date: March 18, 2025
a = 5.5040
b = -0.0049
s = 0.0722
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0049) – 1
= -83.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0722) – 1
= 33.47%
November 6, 2024 calculations
Top border of price channel:
Exp(Y237)
= Exp(a + b × X237 + 2 × s)
= Exp(a + b × 344 + 2 × s)
= Exp(5.5040 + -0.0049 × 344 + 2 × 0.0722)
= Exp(3.9658)
= $52.76
Bottom border of price channel:
Exp(Y237)
= Exp(a + b × X237 – 2 × s)
= Exp(a + b × 344 – 2 × s)
= Exp(5.5040 + -0.0049 × 344 – 2 × 0.0722)
= Exp(3.6771)
= $39.53
March 18, 2025 calculations
Top border of price channel:
Exp(Y325)
= Exp(a + b × X325 + 2 × s)
= Exp(a + b × 476 + 2 × s)
= Exp(5.5040 + -0.0049 × 476 + 2 × 0.0722)
= Exp(3.3201)
= $27.66
Bottom border of price channel:
Exp(Y325)
= Exp(a + b × X325 – 2 × s)
= Exp(a + b × 476 – 2 × s)
= Exp(5.5040 + -0.0049 × 476 – 2 × 0.0722)
= Exp(3.0314)
= $20.73
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 83.23% per annum.
- WS price at the close of March 31, 2025 was $25.33 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2024
End date: March 31, 2025
a = 4.3672
b = -0.0023
s = 0.0295
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -57.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0295) – 1
= 12.52%
December 19, 2024 calculations
Top border of price channel:
Exp(Y267)
= Exp(a + b × X267 + 2 × s)
= Exp(a + b × 387 + 2 × s)
= Exp(4.3672 + -0.0023 × 387 + 2 × 0.0295)
= Exp(3.5290)
= $34.09
Bottom border of price channel:
Exp(Y267)
= Exp(a + b × X267 – 2 × s)
= Exp(a + b × 387 – 2 × s)
= Exp(4.3672 + -0.0023 × 387 – 2 × 0.0295)
= Exp(3.4111)
= $30.30
March 31, 2025 calculations
Top border of price channel:
Exp(Y334)
= Exp(a + b × X334 + 2 × s)
= Exp(a + b × 489 + 2 × s)
= Exp(4.3672 + -0.0023 × 489 + 2 × 0.0295)
= Exp(3.2926)
= $26.91
Bottom border of price channel:
Exp(Y334)
= Exp(a + b × X334 – 2 × s)
= Exp(a + b × 489 – 2 × s)
= Exp(4.3672 + -0.0023 × 489 – 2 × 0.0295)
= Exp(3.1747)
= $23.92
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 57.09% per annum.
- WS price at the close of March 31, 2025 was inside the secondary price channel.