Stock Price Trends

Albany International Corporation (AIN)

Albany International Corp. The company is headquartered in Rochester, New Hampshire.

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 16.44% per annum.
  • AIN price at the close of May 17, 2024 was $90.10 and was higher than the top border of the primary price channel by $4.90 (5.75%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 0.90% per annum.
  • AIN price at the close of May 17, 2024 was inside the secondary price channel.
  • 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 AIN 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 1, 2022
End date: December 8, 2023

a = 5.2424

b = -0.0005

s = 0.0501

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.44%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0501) – 1
= 22.20%

November 1, 2022 calculations

Top border of price channel:

Exp(Y871)
= Exp(a + b × X871 + 2 × s)
= Exp(a + b × 1,261 + 2 × s)
= Exp(5.2424 + -0.0005 × 1,261 + 2 × 0.0501)
= Exp(4.7221)
= $112.40

Bottom border of price channel:

Exp(Y871)
= Exp(a + b × X871 – 2 × s)
= Exp(a + b × 1,261 – 2 × s)
= Exp(5.2424 + -0.0005 × 1,261 – 2 × 0.0501)
= Exp(4.5216)
= $91.98

December 8, 2023 calculations

Top border of price channel:

Exp(Y1,148)
= Exp(a + b × X1,148 + 2 × s)
= Exp(a + b × 1,663 + 2 × s)
= Exp(5.2424 + -0.0005 × 1,663 + 2 × 0.0501)
= Exp(4.5243)
= $92.23

Bottom border of price channel:

Exp(Y1,148)
= Exp(a + b × X1,148 – 2 × s)
= Exp(a + b × 1,663 – 2 × s)
= Exp(5.2424 + -0.0005 × 1,663 – 2 × 0.0501)
= Exp(4.3237)
= $75.47

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 16.44% per annum.
  • AIN price at the close of May 17, 2024 was $90.10 and was higher than the top border of the primary price channel by $4.90 (5.75%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: March 10, 2023
End date: May 17, 2024

a = 4.4509

b = 0.0000

s = 0.0418

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.90%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0418) – 1
= 18.20%

March 10, 2023 calculations

Top border of price channel:

Exp(Y959)
= Exp(a + b × X959 + 2 × s)
= Exp(a + b × 1,390 + 2 × s)
= Exp(4.4509 + 0.0000 × 1,390 + 2 × 0.0418)
= Exp(4.5684)
= $96.39

Bottom border of price channel:

Exp(Y959)
= Exp(a + b × X959 – 2 × s)
= Exp(a + b × 1,390 – 2 × s)
= Exp(4.4509 + 0.0000 × 1,390 – 2 × 0.0418)
= Exp(4.4012)
= $81.55

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.4509 + 0.0000 × 1,824 + 2 × 0.0418)
= Exp(4.5790)
= $97.42

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.4509 + 0.0000 × 1,824 – 2 × 0.0418)
= Exp(4.4118)
= $82.42

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 0.90% per annum.
  • AIN price at the close of May 17, 2024 was inside the secondary price channel.