Adient PLC (ADNT)
Adient plc designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles and light trucks. The company is headquartered in Dublin, Ireland.
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 10.38% per annum.
- ADNT price at the close of July 26, 2024 was $25.07 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 56.25% per annum.
- ADNT price at the close of July 26, 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 ADNT 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: March 8, 2021
End date: July 26, 2024
a = 3.9742
b = -0.0003
s = 0.1258
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1258) – 1
= 65.42%
March 8, 2021 calculations
Top border of price channel:
Exp(Y405)
= Exp(a + b × X405 + 2 × s)
= Exp(a + b × 588 + 2 × s)
= Exp(3.9742 + -0.0003 × 588 + 2 × 0.1258)
= Exp(4.0493)
= $57.35
Bottom border of price channel:
Exp(Y405)
= Exp(a + b × X405 – 2 × s)
= Exp(a + b × 588 – 2 × s)
= Exp(3.9742 + -0.0003 × 588 – 2 × 0.1258)
= Exp(3.5459)
= $34.67
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.9742 + -0.0003 × 1,824 + 2 × 0.1258)
= Exp(3.6780)
= $39.57
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.9742 + -0.0003 × 1,824 – 2 × 0.1258)
= Exp(3.1747)
= $23.92
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.38% per annum.
- ADNT price at the close of July 26, 2024 was $25.07 and was inside the primary price channel.
Secondary Trend
Start date: January 25, 2024
End date: July 26, 2024
a = 7.3131
b = -0.0023
s = 0.0345
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -56.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0345) – 1
= 14.79%
January 25, 2024 calculations
Top border of price channel:
Exp(Y1,131)
= Exp(a + b × X1,131 + 2 × s)
= Exp(a + b × 1,641 + 2 × s)
= Exp(7.3131 + -0.0023 × 1,641 + 2 × 0.0345)
= Exp(3.6652)
= $39.06
Bottom border of price channel:
Exp(Y1,131)
= Exp(a + b × X1,131 – 2 × s)
= Exp(a + b × 1,641 – 2 × s)
= Exp(7.3131 + -0.0023 × 1,641 – 2 × 0.0345)
= Exp(3.5273)
= $34.03
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.3131 + -0.0023 × 1,824 + 2 × 0.0345)
= Exp(3.2507)
= $25.81
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.3131 + -0.0023 × 1,824 – 2 × 0.0345)
= Exp(3.1128)
= $22.48
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 56.25% per annum.
- ADNT price at the close of July 26, 2024 was inside the secondary price channel.