Brinks Company (BCO)
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company is headquartered in Richmond, Virginia.
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 38.19% per annum.
- BCO price at the close of July 25, 2024 was $106.83 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 92.71% per annum.
- BCO 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 BCO 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: July 13, 2022
End date: July 25, 2024
a = 2.9687
b = 0.0009
s = 0.0545
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0545) – 1
= 24.34%
July 13, 2022 calculations
Top border of price channel:
Exp(Y746)
= Exp(a + b × X746 + 2 × s)
= Exp(a + b × 1,083 + 2 × s)
= Exp(2.9687 + 0.0009 × 1,083 + 2 × 0.0545)
= Exp(4.0374)
= $56.68
Bottom border of price channel:
Exp(Y746)
= Exp(a + b × X746 – 2 × s)
= Exp(a + b × 1,083 – 2 × s)
= Exp(2.9687 + 0.0009 × 1,083 – 2 × 0.0545)
= Exp(3.8195)
= $45.58
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(2.9687 + 0.0009 × 1,826 + 2 × 0.0545)
= Exp(4.6958)
= $109.49
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9687 + 0.0009 × 1,826 – 2 × 0.0545)
= Exp(4.4780)
= $88.06
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.19% per annum.
- BCO price at the close of July 25, 2024 was $106.83 and was inside the primary price channel.
Secondary Trend
Start date: January 31, 2024
End date: July 25, 2024
a = 1.3998
b = 0.0018
s = 0.0270
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 92.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0270) – 1
= 11.40%
January 31, 2024 calculations
Top border of price channel:
Exp(Y1,136)
= Exp(a + b × X1,136 + 2 × s)
= Exp(a + b × 1,650 + 2 × s)
= Exp(1.3998 + 0.0018 × 1,650 + 2 × 0.0270)
= Exp(4.4193)
= $83.04
Bottom border of price channel:
Exp(Y1,136)
= Exp(a + b × X1,136 – 2 × s)
= Exp(a + b × 1,650 – 2 × s)
= Exp(1.3998 + 0.0018 × 1,650 – 2 × 0.0270)
= Exp(4.3113)
= $74.54
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(1.3998 + 0.0018 × 1,826 + 2 × 0.0270)
= Exp(4.7356)
= $113.93
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.3998 + 0.0018 × 1,826 – 2 × 0.0270)
= Exp(4.6276)
= $102.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 92.71% per annum.
- BCO price at the close of July 25, 2024 was inside the secondary price channel.