AZZ Incorporated (AZZ)
AZZ Inc. provides metal plating and plating solutions, welding solutions, specialized electrical equipment, and engineering services for the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company is headquartered in Fort Worth, Texas.
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 110.54% per annum.
- AZZ price at the close of July 25, 2024 was $79.34 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.04% per annum.
- AZZ price at the close of July 25, 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 AZZ 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: April 25, 2023
End date: July 24, 2024
a = 0.7583
b = 0.0020
s = 0.0672
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 110.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0672) – 1
= 30.84%
April 25, 2023 calculations
Top border of price channel:
Exp(Y943)
= Exp(a + b × X943 + 2 × s)
= Exp(a + b × 1,369 + 2 × s)
= Exp(0.7583 + 0.0020 × 1,369 + 2 × 0.0672)
= Exp(3.6850)
= $39.84
Bottom border of price channel:
Exp(Y943)
= Exp(a + b × X943 – 2 × s)
= Exp(a + b × 1,369 – 2 × s)
= Exp(0.7583 + 0.0020 × 1,369 – 2 × 0.0672)
= Exp(3.4162)
= $30.45
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(0.7583 + 0.0020 × 1,825 + 2 × 0.0672)
= Exp(4.6151)
= $101.00
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.7583 + 0.0020 × 1,825 – 2 × 0.0672)
= Exp(4.3463)
= $77.19
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 110.54% per annum.
- AZZ price at the close of July 25, 2024 was $79.34 and was inside the primary price channel.
Secondary Trend
Start date: February 9, 2024
End date: July 25, 2024
a = 2.9769
b = 0.0008
s = 0.0408
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0408) – 1
= 17.72%
February 9, 2024 calculations
Top border of price channel:
Exp(Y1,143)
= Exp(a + b × X1,143 + 2 × s)
= Exp(a + b × 1,659 + 2 × s)
= Exp(2.9769 + 0.0008 × 1,659 + 2 × 0.0408)
= Exp(4.3561)
= $77.95
Bottom border of price channel:
Exp(Y1,143)
= Exp(a + b × X1,143 – 2 × s)
= Exp(a + b × 1,659 – 2 × s)
= Exp(2.9769 + 0.0008 × 1,659 – 2 × 0.0408)
= Exp(4.1930)
= $66.22
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.9769 + 0.0008 × 1,826 + 2 × 0.0408)
= Exp(4.4867)
= $88.83
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9769 + 0.0008 × 1,826 – 2 × 0.0408)
= Exp(4.3236)
= $75.46
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 33.04% per annum.
- AZZ price at the close of July 25, 2024 was inside the secondary price channel.