Cushman & Wakefield plc (CWK)
Cushman & Wakefield plc, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom and internationally. The company is headquartered in Chicago, Illinois.
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 65.99% per annum.
- CWK price at the close of February 14, 2025 was $13.24 and was lower than the bottom border of the primary price channel by $0.31 (2.26%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.46% per annum.
- CWK price at the close of February 14, 2025 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 CWK 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: September 7, 2023
End date: December 26, 2024
a = 0.2365
b = 0.0014
s = 0.0807
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 65.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0807) – 1
= 38.12%
September 7, 2023 calculations
Top border of price channel:
Exp(Y895)
= Exp(a + b × X895 + 2 × s)
= Exp(a + b × 1,297 + 2 × s)
= Exp(0.2365 + 0.0014 × 1,297 + 2 × 0.0807)
= Exp(2.1987)
= $9.01
Bottom border of price channel:
Exp(Y895)
= Exp(a + b × X895 – 2 × s)
= Exp(a + b × 1,297 – 2 × s)
= Exp(0.2365 + 0.0014 × 1,297 – 2 × 0.0807)
= Exp(1.8758)
= $6.53
December 26, 2024 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,773 + 2 × s)
= Exp(0.2365 + 0.0014 × 1,773 + 2 × 0.0807)
= Exp(2.8596)
= $17.45
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,773 – 2 × s)
= Exp(0.2365 + 0.0014 × 1,773 – 2 × 0.0807)
= Exp(2.5366)
= $12.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 65.99% per annum.
- CWK price at the close of February 14, 2025 was $13.24 and was lower than the bottom border of the primary price channel by $0.31 (2.26%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 5, 2024
End date: February 14, 2025
a = 5.3090
b = -0.0015
s = 0.0548
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0548) – 1
= 24.53%
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(5.3090 + -0.0015 × 1,722 + 2 × 0.0548)
= Exp(2.8115)
= $16.63
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(5.3090 + -0.0015 × 1,722 – 2 × 0.0548)
= Exp(2.5921)
= $13.36
February 14, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(5.3090 + -0.0015 × 1,823 + 2 × 0.0548)
= Exp(2.6586)
= $14.28
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(5.3090 + -0.0015 × 1,823 – 2 × 0.0548)
= Exp(2.4392)
= $11.46
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 42.46% per annum.
- CWK price at the close of February 14, 2025 was inside the secondary price channel.