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 decreasing.
- The decline rate of the primary trend is 32.42% per annum.
- ZWS price at the close of April 25, 2025 was $33.86 and was higher than the top border of the primary price channel by $23.39 (223.36%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.41% per annum.
- ZWS price at the close of April 25, 2025 was lower than the bottom border of the secondary price channel by $0.15 (0.44%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: October 5, 2021
End date: May 17, 2023
a = 4.1781
b = -0.0011
s = 0.0645
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0645) – 1
= 29.42%
October 5, 2021 calculations
Top border of price channel:
Exp(Y364)
= Exp(a + b × X364 + 2 × s)
= Exp(a + b × 526 + 2 × s)
= Exp(4.1781 + -0.0011 × 526 + 2 × 0.0645)
= Exp(3.7423)
= $42.19
Bottom border of price channel:
Exp(Y364)
= Exp(a + b × X364 – 2 × s)
= Exp(a + b × 526 – 2 × s)
= Exp(4.1781 + -0.0011 × 526 – 2 × 0.0645)
= Exp(3.4844)
= $32.60
May 17, 2023 calculations
Top border of price channel:
Exp(Y770)
= Exp(a + b × X770 + 2 × s)
= Exp(a + b × 1,115 + 2 × s)
= Exp(4.1781 + -0.0011 × 1,115 + 2 × 0.0645)
= Exp(3.1099)
= $22.42
Bottom border of price channel:
Exp(Y770)
= Exp(a + b × X770 – 2 × s)
= Exp(a + b × 1,115 – 2 × s)
= Exp(4.1781 + -0.0011 × 1,115 – 2 × 0.0645)
= Exp(2.8520)
= $17.32
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.42% per annum.
- ZWS price at the close of April 25, 2025 was $33.86 and was higher than the top border of the primary price channel by $23.39 (223.36%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 23, 2022
End date: March 10, 2025
a = 2.4340
b = 0.0007
s = 0.0785
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 28.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0785) – 1
= 36.89%
September 23, 2022 calculations
Top border of price channel:
Exp(Y608)
= Exp(a + b × X608 + 2 × s)
= Exp(a + b × 879 + 2 × s)
= Exp(2.4340 + 0.0007 × 879 + 2 × 0.0785)
= Exp(3.1932)
= $24.37
Bottom border of price channel:
Exp(Y608)
= Exp(a + b × X608 – 2 × s)
= Exp(a + b × 879 – 2 × s)
= Exp(2.4340 + 0.0007 × 879 – 2 × 0.0785)
= Exp(2.8792)
= $17.80
March 10, 2025 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(2.4340 + 0.0007 × 1,778 + 2 × 0.0785)
= Exp(3.8091)
= $45.11
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(2.4340 + 0.0007 × 1,778 – 2 × 0.0785)
= Exp(3.4951)
= $32.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 28.41% per annum.
- ZWS price at the close of April 25, 2025 was lower than the bottom border of the secondary price channel by $0.15 (0.44%). This indicates a possible reversal in the secondary trend direction.