Ecolab Inc (ECL)
Ecolab Inc., headquartered in St. Paul, Minnesota, is an American corporation that develops and offers services, technology and systems that specialize in water treatment, purification, cleaning and hygiene in a wide variety of applications. It helps organizations both private market as well as public treat their water, not only for drinking directly, but also for use in food, healthcare, hospitality related safety and industry.
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 35.49% per annum.
- ECL price at the close of July 26, 2024 was $245.24 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 65.86% per annum.
- ECL 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 ECL 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 22, 2022
End date: July 26, 2024
a = 3.9570
b = 0.0008
s = 0.0506
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0506) – 1
= 22.46%
September 22, 2022 calculations
Top border of price channel:
Exp(Y795)
= Exp(a + b × X795 + 2 × s)
= Exp(a + b × 1,151 + 2 × s)
= Exp(3.9570 + 0.0008 × 1,151 + 2 × 0.0506)
= Exp(5.0160)
= $150.81
Bottom border of price channel:
Exp(Y795)
= Exp(a + b × X795 – 2 × s)
= Exp(a + b × 1,151 – 2 × s)
= Exp(3.9570 + 0.0008 × 1,151 – 2 × 0.0506)
= Exp(4.8134)
= $123.15
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(3.9570 + 0.0008 × 1,824 + 2 × 0.0506)
= Exp(5.5760)
= $264.01
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.9570 + 0.0008 × 1,824 – 2 × 0.0506)
= Exp(5.3734)
= $215.59
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.49% per annum.
- ECL price at the close of July 26, 2024 was $245.24 and was inside the primary price channel.
Secondary Trend
Start date: September 21, 2023
End date: July 26, 2024
a = 3.0181
b = 0.0014
s = 0.0382
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 65.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0382) – 1
= 16.49%
September 21, 2023 calculations
Top border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 + 2 × s)
= Exp(a + b × 1,515 + 2 × s)
= Exp(3.0181 + 0.0014 × 1,515 + 2 × 0.0382)
= Exp(5.1945)
= $180.28
Bottom border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 – 2 × s)
= Exp(a + b × 1,515 – 2 × s)
= Exp(3.0181 + 0.0014 × 1,515 – 2 × 0.0382)
= Exp(5.0419)
= $154.76
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(3.0181 + 0.0014 × 1,824 + 2 × 0.0382)
= Exp(5.6228)
= $276.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.0181 + 0.0014 × 1,824 – 2 × 0.0382)
= Exp(5.4702)
= $237.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 65.86% per annum.
- ECL price at the close of July 26, 2024 was inside the secondary price channel.