Zurn Elkay Water Solutions Corporation (ZWS)
Zurn Water Solutions Corporation designs, acquires, manufactures, and markets water system solutions that provide and improve water quality, safety, flow control, and conservation in and around non-residential buildings. The company is headquartered in Milwaukee, Wisconsin.
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 33.71% per annum.
- ZWS price at the close of January 28, 2025 was $39.36 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.66% per annum.
- ZWS price at the close of January 28, 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 ZWS 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 15, 2022
End date: January 28, 2025
a = 2.2084
b = 0.0008
s = 0.0712
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0712) – 1
= 32.95%
December 15, 2022 calculations
Top border of price channel:
Exp(Y727)
= Exp(a + b × X727 + 2 × s)
= Exp(a + b × 1,051 + 2 × s)
= Exp(2.2084 + 0.0008 × 1,051 + 2 × 0.0712)
= Exp(3.1873)
= $24.22
Bottom border of price channel:
Exp(Y727)
= Exp(a + b × X727 – 2 × s)
= Exp(a + b × 1,051 – 2 × s)
= Exp(2.2084 + 0.0008 × 1,051 – 2 × 0.0712)
= Exp(2.9026)
= $18.22
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.2084 + 0.0008 × 1,826 + 2 × 0.0712)
= Exp(3.8042)
= $44.89
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.2084 + 0.0008 × 1,826 – 2 × 0.0712)
= Exp(3.5194)
= $33.77
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.71% per annum.
- ZWS price at the close of January 28, 2025 was $39.36 and was inside the primary price channel.
Secondary Trend
Start date: June 18, 2024
End date: January 28, 2025
a = 0.9291
b = 0.0015
s = 0.0475
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0475) – 1
= 20.90%
June 18, 2024 calculations
Top border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 + 2 × s)
= Exp(a + b × 1,602 + 2 × s)
= Exp(0.9291 + 0.0015 × 1,602 + 2 × 0.0475)
= Exp(3.4717)
= $32.19
Bottom border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 – 2 × s)
= Exp(a + b × 1,602 – 2 × s)
= Exp(0.9291 + 0.0015 × 1,602 – 2 × 0.0475)
= Exp(3.2819)
= $26.63
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.9291 + 0.0015 × 1,826 + 2 × 0.0475)
= Exp(3.8139)
= $45.33
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.9291 + 0.0015 × 1,826 – 2 × 0.0475)
= Exp(3.6241)
= $37.49
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.66% per annum.
- ZWS price at the close of January 28, 2025 was inside the secondary price channel.